Allplants secures £38m funding round to boost capacity and jobs

Reportedly the biggest ever Series B fund raised by a plant-based food company in Europe, Allplants will use the latest investment to increase its plant-based kitchen in Walthamstow, North London, to six times its current size, in an effort to meet demand from the direct-to-consumer UK market.

The firm also planned recruitment across the business, from additional culinary-school-trained chefs through to operations, innovation, marketing, and technology.

 It will also build scalable capacity for rapid distribution into other channels, as well as fuel future innovations and developing a broader range of product categories.

Demand exploded

Jonathan Petrides, founder and chief executive 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.

“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.”

Allplants’ plant-based meals are hand-made 24 hours a day by 140 chefs in the company’s own kitchen – Europe’s biggest plant-based kitchen running on 100% renewable energy – and delivered across the entirety of Great Britain.

Since 2017, more than 3.5m Allplants meals have been eaten, according to the company. The business has doubled revenue every year since launch.