latest – Page 21
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News
Foodhub seeks £100m in its biggest fundraising round to date
The company plans to use the money to support its “bold” expansion plan, including further acquisitions overseas, expanding the global workforce and developing its offering.
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City Snapshot: Deliveroo narrows losses ahead of £7bn IPO
Surging demand for takeaways during 2020 has helped Deliveroo narrow losses as transactions on the food delivery app soared, the group said this morning as it prepares for an upcoming £7bn IPO.
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Grocemania reaches £100k target to fund growth into new cities
The rapid delivery service is already in London, Brighton, Nottingham and Bristol
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Giles Brook backs eco cleaning challenger Neat with six-figure investment
Neat has eliminated single-use plastics by producing plant-based cleaning concentrates in small glass containers and refillable aluminium spray bottles
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Analysis & Features
What Virgin Wines £100m public listing tells us
Private interest in Virgin Wines was thought to be strong, but the group is going public instead
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Cheeky Panda cleans up with £2m fundraising
Eco toilet paper supplier The Cheeky Panda is raising £2m on Seedrs secondary market to help meet investor demand after a year of rapid growth.
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Craft beer startup Shandy Shack raises six-figure investment
The £160k in funding, raised from three angel investors, will help Shandy Shack expand its retail distribution, develop the range and scale up marketing.
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Redefine Meat raises $29m to bring 3D printed meat to market
The series A funding round will see the Israeli company’s products launch in Europe, followed by Asia and North America
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Ubamarket readies mass rollout of hospitality app following £3m raise
Company has hired four members of staff to focus on integrating it’s scan and go app with more retailer point-of-sale systems
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Startup incubator scheme for black-owned food & drink brands Add Psalt launches
It is the brainchild of former Mars grocery sales director Sam Akinluyi and Lucy Smith, former Nescafé UK & Ireland head of innovation
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Warburtons invests in The Artful Baker as Batch Ventures gets off the ground
Warburtons has backed biscuit producer The Artful Baker in the maiden investment as part of its Batch Ventures bakery innovation fund.
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Giles Brook joins Bio & Me as lead investor
Brook joins Bio & Me as lead investor and advisor, with his six-figure backing to be used to raise brand awareness and help with new product launches.
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Virtual wine cellar Drop raises £300k
Virtual wine cellar start-up Drop has surpassed its £300k crowdfunding target as drinkers turn to home delivery in greater numbers during lockdown
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Jack & Bry secures £1.3m investment as demand for plant-based meats soar
The start-up plans to use the cash to invest further in artificial intelligence technology to help it develop more jackfruit products and ingredients that closely mimic the texture of meat using a proprietary manufacturing process.
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Square Root to launch £350k crowdfunding drive
It will offer up 7.2% of its equity, giving the business a pre-money valuation of £4.5m
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News
Hippeas closes $50m funding round
The money from The Craftory will be used to increase production capacity, boost distribution and continue with product innovation, as well as bolstering the business’ sustainability credentials.
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Virtue Drinks scores investment from Chris Smalling
It’s the sixth investment Smalling has made in the past year, with four in the food and drink space and a focus on sustainable and ethical brands, such as Allplants, This, Livia’s and plant-based dog food start-up The Pack.
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Hun beats £400k funding target as investors flock to canned wine brand
The business, which is backed by Waitrose CEO James Bailey, plans to overfund to £600,000 after raising more than £450,000 from 140 investors following the pitch going live on the Seedrs platform.
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Parsley Box secures £5m to ramp up DTC growth
Parsley Box is backed by VC firm Mobeus Equity Partners, which invested £4.6m in the business in 2019. The Edinburgh-headquartered business prepares ambient ready meals for the baby boomer demographic.
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News
Tribal Sports Nutrition secures £420k in crowdfunding campaign
Challenger nutrition brand Tribal Sports Nutrition has raised more £420k from the crowd to bring new products to market and raise brand awareness.