What is Allplants?
Founded in 2016 and headquartered in London, UK, Allplants distinguishes itself as the UK's premier vegan meal delivery service. The company is committed to sustainability, utilizing packaging that is 100% recyclable, partly compostable, and largely reusable. Allplants aims to inspire more widespread adoption of plant-based diets by offering delicious and convenient meal solutions, thereby contributing to a healthier future for both consumers and the environment. Its operational focus on eco-friendly practices aligns with growing consumer demand for sustainable food options.
How much funding has Allplants raised?
Allplants has raised a total of $61.9M across 4 funding rounds:
Series A
$5.3M
Angel/Seed
$2.6M
Other Financing Round
$2M
Series B
$52M
Series A (2018): $5.3M, investors not publicly disclosed
Angel/Seed (2020): $2.6M, investors not publicly disclosed
Other Financing Round (2020): $2M supported by Amit Gudkha, Felix Capital, Simon Nixon, and Anne-Maire Huby
Series B (2021): $52M featuring Molten, Cassandra Stavrou, TriplePoint Venture Growth BDC, Chris Smalling, The Craftory, and Kieran Gibbs
Key Investors in Allplants
Molten
Draper Esprit, founded in 2006 and headquartered in London, UK, is a venture capital firm, with offices in London, Cambridge, and Dublin. Investing in high-growth technology companies with global ambitions.
The Craftory
The Craftory is a consumer venture capital fund based in London and San Francisco, focusing on investing in consumer brands that have a positive social impact. With a portfolio of responsible consumer packaged goods (CPG) brands, they provide growth capital and support to visionary entrepreneurs aiming to drive positive change.
TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC is a finance company focused on providing debt financing to venture growth stage companies, often backed by venture capital firms. They aim to maximize total return through current income and capital appreciation, typically by lending with warrants.
What's next for Allplants?
The substantial enterprise-level funding and recent strategic investment signal a pivotal phase for Allplants. This capital infusion is expected to fuel further expansion, potentially enhancing operational capacity, broadening the product range, and deepening market penetration across the UK and possibly into new international territories. Strategic investments often indicate a focus on scaling operations, optimizing supply chains, and strengthening brand presence. Allplants is well-positioned to leverage this financial backing to solidify its leadership in the competitive vegan food market and accelerate its mission-driven growth.
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