The oversubscribed round was backed by Beer & Young founder Nick Young.
"I was first introduced to my now business partner*, JS, almost two years ago. His vision for modern barrows fascinated me – during this period we talked about how to bring such a vision to reality. We believe we have found the right model and management team and I’m delighted to have invested in this round"
Green Angel Syndicate and private investors back the latest round to grow Piclo Flex.
"Green Angel Syndicate is an excellent example of how business angel investing should work. Their due diligence process was effective, knowledgeable and to the point. Their in-house expertise of the complex energy market has been instrumental and adds great value. This is exactly what we were looking for from our investors."
The funding will support the establishment of a new factory and create over 70 jobs.
"We like Alusid a lot. Its commitment to the circular economy combined with its unique technology is a winning formula for us and I am pleased that we have had the opportunity to invest at this stage of Alusid’s development."