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

Beyond Meat Debuts Vegan Beyond Sausage

The company behind the game-changing plant-based Beyond Burger is set to revolutionize the pork industry with its newest meat-like vegan product.
Read More »

Fashion Giant Michael Kors Goes Fur-Free

The company will eliminate animal fur from all of its brands—including Jimmy Choo shoes—by the end of 2018.
Read More »

Vegan Impossible Burger to Debut in Asia Next Year

Food technology company Impossible Foods aims to reduce the growing demand for beef in Asia with its innovative burger.
Read More »

New Netflix Series Exposes Horrors of Animal Farming

Rotten—Netflix' new six-part docu-series—uncovers the corruption behind animal agriculture.
Read More »

Vegan Desserts Are 329 Percent More Popular on Pinterest

The social media platform released its top 100 trends, and vegan desserts were all the rage.
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 »