Plant-based meal delivery service Allplants raises £38m in funding round

UK plant-based meal delivery service Allplants has announced that it has raised £38 million in a Series B funding round.

The round is said to mark the largest ever Series B raise by a plant-based food company in Europe. It was led by Draper Esprit and included companies such as Oatly, Deliveroo and Zoopla.

Allplants plans to use this latest investment to expand its kitchen in North London to six times its current size. This will enable the company to meet demand from the UK direct-to-consumer market and will build its capacity for larger distribution into other channels.

The investment will also enable the expansion of the company’s team across operations, innovation, marketing and technology, as well as with additional culinary-school-trained chefs. A further extension of Allplants’ product range and categories is also planned. 

Jonathan Petrides, founder and CEO of Allplants, said: “In the five years that we have been cooking, we’ve seen the demand for plant-based food explode. We’ve got a tonne of exciting plans to bring the movement to even more people’s kitchens, and this investment will allow us to do just that.”

He continued: “Food choices are deeply personal, so quality and taste will always come first for us – it’s the driver of everything we do, and what makes it so easy for our customers to include more plants in their diets without the compromise. We can now imagine, create and serve up many more delicious recipes and products, to ultimately accelerate the transformative impact that plant-based living will have on the future of our planet.”

This announcement comes after the company secured £3.4 million in funding last year.