The Manchester start-up secured private angel backing matched with a public grant to develop its platform and expand its team.
"Veo combines the scope and convenience of a multi-vendor marketplace like those we are familiar with, but for high quality, sustainable goods with traceable origins. Consumers are becoming increasingly mindful of the social and environmental impact of their purchases and eager to support unique statement brands and diverse artisans struggling in the current crisis. So, our core innovation solves the scalability problem inherent in large marketplaces, and allows Veo to democratise technology from which many SME businesses are currently largely excluded. The Innovate grant supports Veo’s mission to help sustainable businesses flourish and become resilient, by enabling conscious consumers to discover sustainable products and brands that promotes independent business."
Manchester-based sustainable marketplace Veopolis raises £300k from Solid Bond Venture Builder and Innovate UK.
"We’re delighted to support Veo in securing this funding. The RAIA project is focussed on helping innovative North businesses secure finance for growth by attracting co-investment from Angels. Manchester and the wider North are a hotbed of innovation, and I’m delighted we’ve been able to help another disruptive business grow their offer and reach new markets."
SFC Capital led the seed investment round to support product innovation and market expansion at Jack & Bry.
"We know consumers are seeking out meat alternatives in ever greater numbers, but they are also seeking higher quality in the plant-based foods they buy. Key to that is authentic recreation of taste and texture, and we’re proud to have developed a full retail range of branded jackfruit products to mimic all the meats to satisfy that demand."
The funding round was backed by the Development Bank of Wales, an angel syndicate, and the Wales Angel Co-investment Fund.
"Menopause can be life-changing for so many. By empowering women to consider body, mind and lifestyle –and giving them the tools to improve their experience – we hope to really change millions of women’s lives for the better."