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27th January 2021

Swedish startup Sproud raises £4.8m from London-based VGC Partners for plant-based milk

Sproud, the Swedish maker of a range of plant-based milks has raised £4.8M from growth capital investor, VGC Partners. 

The investment will be used to grow Sproud’s team, accelerate the brand’’s distribution and brand building activities in the company’s core markets - including the UK, US and Canada  - and for further development of its plant-based and 100% vegan product offering. 

20th January 2021

Low alcohol startup Cleanco raised £7m cash injection

British premium low-alcohol spirits startup, CleanCo, has secured £7 million funding as investors and consumers reveal an insatiable thirst for hangover-free drinking. The latest investment takes the total now raised by the business to £9.1 million.

19th January 2021

Pembroke VCT exits its investment in Pasta Evangelists

Pembroke VCTthe venture capital trust focused on building the consumer brands of tomorrow, has successfully exited its investment in Pasta Evangelists, which delivers restaurant-quality pasta direct to customers by post. The innovative meal kit business has agreed a deal whereby Italian firm, Barilla Group, will acquire a majority stake. The value of the deal is undisclosed.  

15th January 2021

Weezy raises $20 million funding

Weezythe UK’s leading on-demand superfast supermarket that delivers groceries in only 15 minutes, has raised $20 million in Series A funding to expand its grocery delivery service across London and the broader UK. The new investment was led by New York-based venture capital fund Left Lane Capital. Also participating are UK-based fund DN Capital, earlier investors Heartcore Capital and angel investors, notably Chris Muhr, the Groupon founder. The funding will help expand the company’s London-based team by 50 employees over the next four months, in addition to extra fulfilment centre staff. 

14th December 2020

Crowdfunding success story Gusto launches new immune boosting soft drink

Gusto, a drink company which funded successfully via Crowdcube, has launched two new functional drinks: Super DC Blood Orange and Super DC Blackcurrant & Elderberry.  

8th December 2020

BGF invests £7.7m in Cooplands Expansion

BGF has made a further substantial investment in the expansion of Yorkshire-headquartered bakery business, Cooplands, as the 135-year-old business looks ahead to its next chapter of growth. 

Three years after BGF’s initial £8.5m investment, the business has grown to more than 165 stores, 12 cafes and 36 sandwich vans. Cooplands has opened seven new stores since March 2020 and plans to roll-out an additional 30 stores a year in locations such as South Yorkshire, as well as expanding further in the current geographical footprint. 

2nd December 2020

Alcoholic tea creators raise a glass to £1.4m investment

Two former Newcastle University students who developed a unique range of alcoholic tea drinks have raised £1.4m from investors to help them further expand their business.  NOVELTEA has already proved popular with customers in the UK, Germany and also China. The funding will allow founders Vincent Efferoth and Lukas Passia to target new overseas markets, expand their product range and create 20 new jobs at the company’s base in Newcastle.

1st December 2020

IW Capital invests £3.7m in Hove community hub Rockwater

Small business specialist investor IW Capital has completed a £3.7million investment into Rockwater Hove, a community driven hospitality venue on Hove’s seafront. Testament to its community ethos, over £1million of the funding was raised by local residents, many of whom have already been customers over the summer. 

28th October 2020

Diago to acquire Chase Distillery

Diageo has announced it has reached agreement to acquire BGF portfolio company Chase Distillery, the owner of Chase GB Gin and the award-winning Chase Original Potato Vodka. 

5th October 2020

Better Origin secures government funding to scale cutting-edge insect processing platform

A £10 million funding package from the UK Government’s Industrial Strategy Challenge Fund (ISCF) will help to scale the insect bioconversion sector, accelerating the transition to sustainable methods of farming.

As part of the project consortium, Better Origin will use the funding to focus on scaling their insect processing and value extraction technology to convert insects into products such as animal feed and human food. A result of years of research and development, their patented ‘Metamorphosis Technology’, which processes insects into different products, represents the most cost-effective,tailored processing line developed to date.

28th September 2020

Lyre's closes £9m seed round

The world’s most awarded non-alcoholic spirits company, Lyre’s Non-Alcoholic Spirit Co. has successfully closed a £9m seed round

3rd September 2020

NorthEdge supports new canning facility investment for Clearly Drinks

Private equity-backed soft drinks manufacturer Clearly Drinks is to invest in a new canning facility at its Sunderland headquarters following support from NorthEdge.  The multi-million-pound investment is set to provide state-of-the-art canning capabilities, designed by BW Integrated Systems, allowing Clearly Drinks to manufacture 160 million cans each year. This will enhance Clearly Drinks’ product offering and packaging flexibility, allowing it to widen its customer base which currently includes Tesco, Sainsbury’s, Booker and One Stop. 

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