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

Leonardo DiCaprio Invests in Vegan Chickpea Brand

Vegan snack company HIPPEAS gets a celebrity capital boost to help hit the company's goal of tripling revenue this year.
Read More »

Pinterest Reports a 52 Percent Spike in Vegan Pins

The social media platform implemented new tools to make finding vegan posts easier after discovering a growing interest in cruelty-free living.
Read More »

New York Times Points to Steak for Antarctica's Demise

An investigative series reveals the true effects of global warming—caused in part by animal agriculture—on the icy continent.
Read More »

List of Most Vegan-Friendly Ballparks Revealed

An all-vegan cart in Texas, The Herbivorous Butcher's offerings in Minneapolis, and soy chorizo tamales in Phoenix all helped to secure top spots on PETA's annual list.
Read More »

Mark Bittman Urges WHO to Eliminate Factory Farming

New York Times' former columnist urges the World Health Organization to take action against the global threats produced by factory farms.
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 »