more fundraising news & analysis – Page 35
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NewsCity Snapshot: Kitwave unveils £105m IPO on London’s junior market
Wholesaler Kitwave has announced it will join the London Stock Exchange in a move valuing the company at £105m. Plus, shoppers return to the high street as Covid restrictions eased and non-essential stores reopened, according to latest footfall data.
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NewsBanquist secures £1.6m to grow its Michelin star recipe kit service
Launched in May 2020 during the height of the UK’s first coronavirus lockdown, Banquist generated £1m turnover in its first six months as consumer demand for recipe kits soared.
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NewsSerious Pig smashes crowdfunding target as it eyes further growth
Premium snacks brand Serious Pig, which is backed by BrewDog’s James Watt, has smashed a £350,000 crowdfunding target to help accelerate growth, expand the product range and bolster its sustainability credentials.
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NewsLyre’s worth more than £100m as it raises extra funding for growth
The business plans to use the new funds to boost its presence overseas from 43 countries currently to 60 by the end of the year, as well as investing in its manufacturing capabilities in the UK, Europe and the US, and helping to prepare for the reopening of the global hospitality sector as restrictions ease.
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NewsPure Pet Food receives further private equity cash injection
The latest funding round follows a £2m cash injection from NVM Private Equity in 2019
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NewsCo-op delivery partner Zoom 1hr to launch £500k crowdfunding raise
Zoom 1hr has delivered 60,000 orders on behalf of the Co-op since November
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NewsThe British Snack Co hits crowdfunding target as it prepares for lockdown easing
The company turned to the crowd to raise money to continue growing the sales channels, win new customers and prepare for the reopening of pubs, bars and cafes as lockdown eases.
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NewsJustin King backs Snappy Shopper app with ‘significant’ investment
King is set to join the board as a non-exec when the fundraising is complete
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NewsBeau’s secures £400k to bring vegan ice cream to wider audience
Plant-based ice cream start-up Beau’s has netted a £400k investment to open a manufacturing facility and launch a subscription service.
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NewsMultivitamin startup Feel secures £4.5m investment to fuel growth
Founded by Boris Hodakel in late 2019, the business has grown rapidly in its first year, with active subscriptions for its range of all-natural multivitamins and omega 3 and immunity-boosting supplements exceeding 21,000.
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NewsPetfood brand Aardvark to launch with duo made with insects
The two lines, one for dogs and one for cats, are made from black soldier flies
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NewsCBD platform Alphagreen raises £1m-plus before funding push goes public
E-commerce startup Alphagreen will kick off a public crowdfunding campaign next week
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NewsEast London Liquor Co in £750k crowd push as it looks to expand in supermarkets
The London-based distiller, which already has supermarket listings with Waitrose, Tesco and Co-op, aims to expand off-channel exposure for its range of spirits, ready-to-drink canned cocktails and hard seltzers.
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NewsRapid convenience player Asap launches in London, eyes European expansion
Asap delivers ‘cravings and essentials’ for free within 20 minutes
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NewsThe Vegan Kind secures £3.5m investment amid plant-based boom
The company said the investment was the biggest ever funding round for a vegan retailer in the UK
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NewsCity snapshot: Norwegian grocery delivery business Oda raises €223m to drive European expansion
Norwegian e-grocery business Oda has raised €223M to fund territorial expansion in a funding round led by SoftBank and tech investor Prosus.
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NewsCity News: Deliveroo IPO falls flat as share price plunges
Deliveroo may have been London’s largest IPO in almost a decade, but the float also proved to be one of the market’s least well received.
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NewsThe Cookaway cooks up £700k crowdfunding round for expansion
The business, which launched in 2020, has so far raised £656k in the campaign on Seedrs.
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NewsWhite Peak Distillery drinks to £900k crowdfunding round
Derbyshire whisky producer White Peak Distillery has comfortably beaten its £500,000 crowdfunding target as it aims to build the premium brand in the UK and overseas.
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NewsDeliveroo valued at £7.6bn but shares flop in London debut
Shares in Deliveroo crashed as much as 30% this morning as it made its long-awaited debut on the LSE