ETF Digest
Modern Milkman delivers £50m funding – sustainable grocery delivery service targets packaging innovation, growth and international expansion with Series C round
Posted
24 November 2022
Categories
We are proud to have been a lead investor in the successful Series C investment round of our existing portfolio company The Modern Milkman which raised £50 million in total funding. 🌎 💚
We are delighted to be joined by existing investor Insight Partners and new investors Praetura Ventures and Avery Dennison!
The Modern Milkman is a fantastic example of combining environmental sustainability with strong growth (500% on average each year since its inception).
Commenting on the round our Investment Manager Tomer Strikovsky articulated, “We are delighted to continue backing Simon and the team at Modern Milkman. At the current macro-economic environment, it is not obvious at all that consumer scale up business is able to deliver such profitable growth. I think it is a testament to the power of an eco-product which is price competitive, as well as stellar execution by a stellar team.”
Find out more HERE.