News

Vegan Company Closes Historic $1 Million Capital Round

UK's vegan meal delivery service AllPlants closes the biggest venture capital investment ever raised by a plant-based company.

UK-based vegan meal delivery company AllPlants recently closed a venture capital round of £800,000 ($1 million)—the biggest investment of its kind in Europe—led by a collection of food entrepreneurs, social impact investors, and venture fund Felix Capital (the first time the fund made a plant-based investment). Vegan brothers Alex and Jonathan (“JP”) Petrides launched the company in January with the hope of bringing healthy, sustainable, and ethically sound vegan food to doorsteps across London. AllPlants has since served 10,000 frozen meals—such as Black Bean Chili, Jerk Jackfruit, and Cashew Mac—across the UK. With the investment, Alex Petrides tells VegNews that the company plans to build its team, expand online product offerings, and negotiate contracts with major UK food retailers. “Plant-based eating is erupting in Europe, which is awesome news for us vegans,” Alex Petrides says. “More investment in the space means not only that there will be even more food options at every restaurant and in every store, but that people are waking up to the future of food.” This year, competing UK supermarket chains Sainsbury’s and Tesco both launched vegan cheese lines, indicating that retail interest in plant-based food is beginning to align with growing consumer demand.

More News

Snack Brand Debuts Vegan Space Ice Cream

Seva Foods' freeze-dried Space Ice Kream is an indulgence for astronauts and land-dwellers alike.
Read More »

NYC All-You-Can-Eat Ice Cream Fest Offers Vegan Scoops

Three-day festival Scooper Bowl in Bryant Park will treat guests to ice cream of every variety, including dairy-free scoops from Van Leeuwen, Ben & Jerry's, and Häagen-Dazs.
Read More »

Animal Ag Companies Fined $29M for Destroying Amazon

The government of Brazil slapped a hefty fine on feed suppliers to meat and dairy companies that sell to McDonald's, Burger King, and Walmart for destroying the country's biodiverse Cerrado region for profit.
Read More »

Moby Retires from Touring to Focus on Activism

…and to make vegan smoothies every morning after waking up in his own bed.
Read More »

UK Version of Beyond Burger Expands Across London

British vegan brand Moving Mountains expands its B12 burger to five locations of meat-centric chain Dirty Bones—where it will be served topped with vegan mac and cheese.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »