more fundraising news & analysis – Page 7
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NewsOther World Wines in ‘six-figure’ fundraise to champion under-represented wine nations
The round has the backing of angel investors including long-time Laithwaites Group CFO Jimmy Weir
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NewsKnoops raises £5m from Julian Metcalfe and other industry titans
Metcalfe joins the board of the company as a non-executive director alongside Alice Avis, former CEO and chairwoman of the Sanctuary Spa Group, who also invested as part of the round
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NewsPerfectTed secures another £1m in Steven Bartlett partnership
PerfectTed has secured a fresh £1m in funding from Steven Bartlett as the Dragons’ Den star doubled down on his investment in the rapidly growing energy drink brand
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NewsCity snapshot: Ocado raises £700m to refinance debt
Ocado has raised £450m in an upsized bond offering to refinance debt along with a separate £250m bond issuance
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NewsZoe secures another $15m to push harder in the US
The $15m investment comes from New York consumer VC firm Coefficient Capital
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NewsBrand Growth Heroes ‘Mini MBA’ produces first graduates
The founders of 10 scaling fmcg challenger brands have graduated from the first-ever Brand Growth Heroes ‘Mini MBA’, led by Fiona Fitzpatrick in partnership with investment bank Alantra
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NewsWhitebox Cocktails returns to the crowd for £200k top-up
Whitebox Cocktails has returned to the crowd to raise further investment as the RTD brand seeks to increase its retail exposure and expand overseas
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NewsCoca-Cola HBC agrees $130m loan for Egyptian projects
The loan from the European Bank of Reconstruction & Development will further the London-listed group’s investment in people development and sustainable business practices in Egypt
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NewsGrowUp Farms bags £38m investment to meet demand for vertically farmed salads
The cash will help GrowUp expand capacity at its vertical farm in Kent, support the Unbeleafable and Fresh Leaf Co brands, and drive R&D at the Leaf Lab site in Cambridge
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NewsBotivo raises £900k to scale 0% botanical drink
Non-alcoholic aperitivo startup Botivo has closed a six-figure funding round to support UK and international expansion
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NewsCrowdfunding platform Seedrs rebrands as Republic Europe
Crowdfunding platform Seedrs has rebranded as Republic Europe following a takeover by a US-based financial technology firm
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NewsOSY Group scores further Innovate UK backing for shelf life extending tech
Food tech firm OSY Group has received a five-figure grant to accelerate growth for its flagship technology to increase the shelf life of fresh produce
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NewsJimJams raises £300k to target expansion in foodservice and out-of-home
Chocolate spreads challenger JimJams has secured six-figure backing to support the next stage of growth as it expands its reach into the foodservice channel
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NewsBoundless bags £1.5m investment to cement position in gut health snacking
Cathy Moseley founded the business in 2017, launching a range of ‘activated’ crisps, nuts and seeds aimed at improving gut health
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NewsBig Drop readies £450k crowdfunding round to fuel licence brewing model
Alcohol-free brewer Big Drop is getting ready to return to the crowd to support plans for further on-trade listings and to expand its licence brewing model internationally
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NewsLuna Daily secures funding from Unilever Ventures
The feminine hygiene brand has secured backing from Unilever’s venture capital arm to support an expansion of its product range
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NewsThis valuation plummets and founders take cash off the table
The £20m Series C round valued This at just £50m, a significant fall from a £150m valuation during the Series B fundraising in 2022, The Grocer has learned
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NewsJamJar enters soft drinks for first time since Innocent days in £4m Xoxo investment round
The fmcg investment firm set up by the founders of Innocent have made their first venture into soft drinks, backing gut health soda startup Xoxo
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NewsAllplants secures further investment as it closes in on profit
Allplants has raised an additional seven-figure sum as the vegan frozen ready meal maker continues its drive for profitability
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NewsTidal Rum returns to the crowd to help scale premium craft brand
Shorts Boy Distillery – founded by Harry Coulthard and Ben Clyde-Smith – launched the rum brand in 2019