4 years ago

allplants Raises £38 Million Series B to Expand Vegan Meal Delivery

  • allplants, a London-based vegan meal delivery startup, has secured a £38 million Series B funding round led by Draper Esprit

  • The round is the biggest ever Series B raise by a D2C plant-based food company in Europe

  • Other investors include The Craftory, TriplePoint Capital, Chris Smalling, Kieran Gibbs, Cassandra Stavrou MBE, Felix Capital, and Octopus Ventures

  • The funding will be used to expand allplants' plant-based kitchen in Walthamstow, North London, to six times its current size, enabling it to meet an exploding direct-to-consumer UK market

  • It will also build scalable capacity for rapid distribution into other channels

  • The funding round will also enable a significant expansion of allplants' team to bring in talent across the entire stack of the business, from additional culinary-school-trained chefs through to operations, innovation, marketing, and technology

  • The recent raise will also allow allplants to innovate to new levels, creating an even wider selection of meals to meet all tastes and preferences among a growing customer base and developing a broader range of product categories.

      • ProblemFood & Beverage

      "Many people want to incorporate more plant-based meals into their diets but struggle with the convenience, taste, and variety of available options."

      Solution

      "Allplants offers a convenient and delicious solution with its chef-prepared, plant-based meals delivered directly to consumers' doorsteps. They provide a wide variety of dishes to cater to different tastes and preferences, making it easier for people to adopt a more plant-based lifestyle."

      Covered on