Online vegan supermarket secures incredible £3.5 million investment

Yvonne O'Halloran

From packing orders in a two-bedroom flat in Glasgow to now a 35,000 sq. ft. warehouse, TheVeganKind has gone from strength to strength in the last few years.

With an online supermarket stocking almost 6,000 plant-based products and creating ‘The UK’s most popular vegan subscription boxes’, TVK has now raised £3.5 million in its latest investment round.

The husband and wife co-founders Scott and Karris McCulloch say that their mission is to make the ‘vegan lifestyle accessible to all, providing world-class customer service and offering the widest range of products to show how simple it is to live life vegan’.

In a statement sent to Plant Based News Scott said: “We’re so proud to announce this monumental day in our history.

 “In Literacy Capital we have found incredible partners and a value-aligned fund which operates with an added charitable mission.

 “Thank you so much to the team at PwC for helping facilitate this deal and guiding us through the process.”

PwC Raise Ventures helped TVK to secure an incredible £3.5m in Series A funding from Literacy Capital Plc, a closed-end investment company working to invest and support the growth of UK businesses.

Scott and Karris McCulloch said on their website: “We are so excited to now finally announce the conclusion of this investment round, signalling the start of a new chapter for Team TVK. While we have moved mountains in the last 7 years, helping take veganism mainstream, this raise will allow us to ramp up considerably, investing in our people, inventory, infrastructure, marketing and more. At TheVeganKind we all know that the world needs more people to go vegan or plant based, and we want to show them just how easy it can be. We have lots of exciting developments in the works such as TVK Health, and hundreds of new brands and products waiting to be listed. We have much to do, and we cannot wait to get to work. Thank you so much to everyone who has supported us over the years”

Scott added: “In Literacy Capital we have found incredible partners and a value-aligned fund which operates with an added charitable mission.”

 Article written by Martha Moody-United Kingdom

 

 

 

 

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