©Allplants
UK plant-based meal delivery service Allplants has announced that it has raised £38 million in a Series B funding round.
The round is said to mark the largest ever Series B raise by a plant-based food company in Europe. It was led by Draper Esprit and included companies such as Oatly, Deliveroo and Zoopla.
Allplants plans to use this latest investment to expand its kitchen in North London to six times its current size. This will enable the company to meet demand from the UK direct-to-consumer market and will build its capacity for larger distribution into other channels.
The investment will also enable the expansion of the company’s team across operations, innovation, marketing and technology, as well as with additional culinary-school-trained chefs. A further extension of Allplants’ product range and categories is also planned.
Jonathan Petrides, founder and CEO of Allplants, said: “In the five years that we have been cooking, we’ve seen the demand for plant-based food explode. We’ve got a tonne of exciting plans to bring the movement to even more people’s kitchens, and this investment will allow us to do just that.”
He continued: “Food choices are deeply personal, so quality and taste will always come first for us – it’s the driver of everything we do, and what makes it so easy for our customers to include more plants in their diets without the compromise. We can now imagine, create and serve up many more delicious recipes and products, to ultimately accelerate the transformative impact that plant-based living will have on the future of our planet.”
This announcement comes after the company secured £3.4 million in funding last year.
© FoodBev Media Ltd 2024
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry. Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial
Your privacy We use small files known as ‘cookies’ to enhance your experience of the FoodBev website and analyse site-traffic. Read about how we use cookies or how you may control them in our updated privacy policy and cookie policy. If you continue to use this site, you consent to our use of cookies. Click the ‘OKAY‘ button at the top right of this panel to accept or click here for more information.