--%> Vegan Company Closes Historic $1 Million Capital Round
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

Mean Girls Vegan Makeup Brush Set Coming Soon

The cult classic film will be the theme of vegan beauty brand Spectrum Collections' new makeup brush set sold in a "Burn Book" case.
Read More »

What the Health Creates Crowds of New Vegans in Texas

Texans are flocking to Spiral Diner and V-Eats in Dallas after learning the truth about the meat and dairy industries through the new vegan documentary.
Read More »

Tesla Now Exclusively Offers Vegan Seats

In a groundbreaking move, the company has dropped leather from all of its cars before the launch of highly anticipated and affordable Model 3.
Read More »

Vegan Ice Cream Industry to Reach $1 Billion in 2017

Market research predicts plant-based frozen treats to be worth $2.45 billion in the next decade.
Read More »

Slovakia to Ban Wild Animal Circuses

A new amendment will protect wild species from performing "atypical behavior not present in nature."
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 »