allplants secures £38m in Series B funding led by Draper Esprit to scale production and expand its team.
The funding round was led by Draper Esprit and will support kitchen expansion, team growth, and product innovation.
allplants is a direct-to-consumer plant-based food company delivering chef-prepared meals across Great Britain. Founded in 2017, it operates Europe's largest plant-based kitchen and focuses on accessible, sustainable eating.
London-based plant-based food company allplants has secured £38m in a Series B funding round led by Draper Esprit. The financing represents the largest Series B raise for a European plant-based food business to date and follows previous crowdfunding and Series A campaigns. The company will direct the capital towards expanding its production kitchen in Walthamstow, scaling distribution channels, growing its team across multiple departments, and developing new product categories.
The round attracted participation from new backers including The Craftory, TriplePoint Capital, and several individual investors, alongside existing supporters Felix Capital and Octopus Ventures. The business has experienced rapid revenue growth over three consecutive years, driven by increasing demand from flexitarian consumers.
From the founder
"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."
Jonathan Petrides
Founder and CEO at allplants
Investor perspective
"This is an extremely exciting investment for Draper Esprit. allplants is uniquely positioned at the intersection of some of the fastest growing areas in food consumption today: high quality, plant-based meals that deliver on taste, sustainability and nutrition in an incredibly convenient way for consumers."
Nicola McClafferty
Partner, Draper Esprit
Use of funds
- 01Build out infrastructure
- 02Grow the team
- 03Continue product development
