more fundraising news & analysis – Page 24
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Comment & Opinion
GSK consumer spin-off will create a major player in a sector ripe for consolidation
With so much focus on the remaining pharma business it’s been somewhat overlooked what a significant company the new consumer business will be.
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News
This secures biggest ever series A fundraise for UK plant-based brand
This plans to use the cash to support the rapid growth of the business, expand its R&D capabilities and bring to a pipeline of new products to the market.
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News
City Snapshot: Krispy Kreme lines up $4bn IPO
Doughnut maker Krispy Kreme looks set to be valued at up to $4bn in an upcoming IPO in New York. Plus, Pernod Ricard upgrades profit expectations as pace of recovery quickens.
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News
Mycoprotein specialist Enough raises €42m to fund rapid growth
The vegan protein startup Enough has raised €42m (£36m) of new funding to scale up production
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News
Good Food Fund signs up Better Nature and Spare Snacks brands
Better Nature and Spare Snacks join the 12-month programme and will receive business support
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News
Big Drop Brewing raises £3.5m to boost growth plans
Alcohol-free beer producer Big Drop Brewing has raised a further £3.5m to fund surging growth as its sales head towards £5m.
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Comment & Opinion
Meatless Farm’s fundraise shows plant-based is reaching a tipping point
The brand is likely to reap the rewards of an increasingly mainstream following with its consumer-facing Crowdcube campaign
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News
Meatless Farm to mount £5m crowdfunding campaign
Its ‘farm-to-fork’ programme will involve investment at every stage of the supply chain, it said
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News
Dr Will’s smashes £400k crowdfunding round as it eyes further supermarket growth
Founded by Dr Will Breakey, Liam White and Josh Rose in 2015 to reduce the sugar in table sauces such as ketchup, mayo and BBQ, Dr Will’s is stocked by the likes of Tesco, Waitrose, Holland & Barrett and Ocado, as well as Selfridges and Harvey Nichols.
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News
Heura scores €70m valuation with backing from Chris Smalling and the crowd
Heura, which launched in the UK with a meat-free burger late last year, hit its initial €1m target on the Crowdcube platform and overfunded to €4m in less than 24 hours, with 3,007 investors backing the business.
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News
PlayIn Choc beats £250k crowdfunding target to scale up ethical brand
Launched in 2018 by husband-and-wife team Maya and Dominic Simler, PlayIn Choc already exports to 30 countries and has listings with 25 distributors, as well as Ocado. It is also in early conversations with the mults in the UK and other retailers overseas.
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News
Monde Nissin raises $1bn to drive global growth of Quorn
The owner of Quorn has raised $1bn to help fund a global push for its meat alternative brand after listing on the Philippines Stock Exchange.
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News
City snapshot: Wine sales surge at Chapel Down but sale of Curious Drinks hits profits
English wine maker Chapel Down shrugged off widespread closures in the off-trade to grow sales volumes 38% last year, but group results were hit by the weaker performance of its demerged beer and cider arm Curious Drinks.
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News
Kocktail drinks to crowdfunding success as it prepares for retail launch
Launched in September 2020 by Emil Stickland and Andrew Hutchinson, the business raised £167k in the Seedrs campaign, valuing it at just less than £1m.
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News
City snapshot: Quorn owner Monde Nissin debuts US$1bn IPO
Global noodle giant and Quorn owner Monde Nissin has completed the Philippines largest initial public offering in history after listing its shares today in a £720m float.
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News
Grubby raises £800k to expand plant-based recipe kit offering
Founded by Martin Holden-White last year, Grubby is poised to take advantage of growing demand for meal kits, food delivery and plant-based.
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Comment & Opinion
Oatly’s blockbuster IPO is a sign of both plant-based appetite and its skill as a brand
Oatly is well-positioned to continue benefiting from its category boom and current trends around a more plant-based, sustainable diet and lifestyle, says Sairah Ashman, global CEO at Wolff Olins
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News
Bug flies past £300k crowdfunding target to launch insect recipe kits
Founded in 2018 by Leo Taylor and Aaron Thomas, Bug has ambitions to become the UK’s “go-to” brand for edible insects as it launches a range of recipe kits and insect packs.
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News
Oatly emphasises UK as it launches $10bn IPO
Plant-based brand Oatly has emphasised the importance of the UK market to its future growth as launched its $10bn New York IPO yesterday
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News
Cultured meat startup Ivy Farm urges FSA to be ‘nimble’ on regulation
The business announced a £16m fundraising round last weekend