Allplants, the plant-based meal delivery company completes £3.4M raise
by Startacus Admin
Major investment news from Allplants, the plant-powered, planet-kind online platform and delivery service
Fantastic news today from allplants, the plant-based meal delivery company, that has just announced the completion of its £3.4 million funding round on investment platform Seedrs. allplants has attracted over 1,800 investors from its loyal customer base in addition to VC firm Octopus Ventures.
Felix Capital, the venture fund behind GOOP and Deliveroo, also participated in the round, alongside Simon Nixon of Seek Ventures. They are joined by high-profile individuals Anne-Maire Huby, Co-founder of JustGiving, and Amit Gudkha, Co-Founder of Bulb Energy.
After meeting its initial target of £2 million in just 48 hours, making it the UK’s largest ever vegan crowdfunding round, allplants went on to raise another £1.4 million during the round.
After polling its investors, allplants discovered 76% of them are not vegan indicating a changing attitude to veganism as it continues to move into the mainstream. People are not just toying with the idea of plant-based eating but they are investing in it.
The funds for this round will be used to develop new food categories and serve over 60,000 meals a week from allplants’ dedicated plant-based kitchen in London. This initial funding round with Seedrs precedes a bigger institutional Series B round planned for the end of the year. By 2025, allplants aim to develop distribution partnerships and launch in new markets in Europe and North America.
Founded in 2017 by brothers Jonathan (JP) and Alex Petrides, allplants is an online platform and chef-to-customer service making it easy and exciting to eat more plants, and less meat, with delicious, chef-made meals delivered to your door.
Jonathan Petrides, Founder and CEO of allplants, said:
“We’re delighted with the huge support and belief our community has shown in this crowdfunding round. It’s surpassed our expectations and allows us to look ahead at 2020 with even bolder growth plans … This latest funding round is a true validation of what we’re doing here at allplants – to inspire more people to eat more plants.”
Ann-Marie Huby, Co-Founder of JustGiving, said:
“Sometimes a business comes along that makes you sit up and take notice. allplants is one of those for me. No gimmicks, just real, super fresh and delicious meals created and constantly improved with near-fanatical zeal by a team of rare talent.
If it continues to listen to customers as brilliantly as it has so far, allplants will be unstoppable.”
Startacus can’t wait to see where allplants goes from here!
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Coronavirus. How do you survive as a business owner with minimal or no business at all? Consider the following tips...
Crowdcube launches campaign and calls on the government to take action to protect Britain's entrepreneurial future...
A UK-based social enterprise Lanterne, has developed, and is soon to launch, Keep Your Distance, a free app that will help us observe social distancing.
Bring! is a digital grocery tool that simplifies grocery shopping for you and anyone you are shopping for.
In a bid to help brands during the current pandemic, the GreenJinn grocery app makes some rapid changes to its service
Coronavirus & furloughing employees. Nichola Hailes of Payfit looks to answer some of the most frequently asked questions about the job retention scheme.
For startups entering the food industry, here's why accurate labelling on ready-to-eat food products is important.
Whether you’re looking to create a frugal startup, or it’s already up and running, here are 4 tips to reduce costs while keeping the work environment pleasant.
The Belfast-based startup that provides a fully managed 24/7 Software-as-a-Service (SaaS) for securely storing and sharing assets, packages and containers.
The insolvency technology startup secures funding to help support the UK's most vulnerable consumers to avoid bankruptcy
Published on: 9th March 2020
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Save Our Startups campaign launched 5th Apr 2020 Crowdcube launches campaign and calls on the government to take action to protect Britain's entrepreneurial future...
- Cerebreon the Irish deep learning startup raises £1.5m in seed funding 31st Mar 2020 The insolvency technology startup secures funding to help support the UK's most vulnerable consumers to avoid bankruptcy
- Chivas Venture divides this year's $1m Venture Fund between 26 global Startups 23rd Mar 2020 In response to the COVID-19 pandemic, Chivas Divides its $1m No-Strings Venture Fund Between 26 Startups
- The open-source design of emergency ventilators for COVID-19 patients 20th Mar 2020 World Wide Community of over 500 designers engineers & medics finalising prototypes for safe scalable manufacture & rapid field deployment..
