ape2o raises £500k from Henley Business Angels members to expand its water vending network.
The funding will support the installation of 25 dispensing units in central London and technology development.
Share allotment filed at Companies House
ape2o operates a network of purified water dispensers designed to replace single-use plastic bottles for consumers on the move. The firm offers chilled and sparkling filtration options through automated kiosks.
ape2o has secured £500k in a funding round involving members of Henley Business Angels. The capital will support the deployment of 25 water dispensing units in central London.
The company aims to tackle plastic waste by providing filtered still, chilled, and sparkling water at a lower cost than bottled alternatives. Proceeds from the raise will also fund the development of a technology platform to manage inventory and assist network expansion across the UK.
From the founder
"It has been a great pleasure to pitch to Henley Business Angels and be connected with angel investors that see the potential in backing a mission focused business like ape2o. We look forward to showing consumers across the UK that they now have a more affordable and sustainable alternative to getting pure water on the go, without the use of plastic bottles."
Anthony Newman
Founder and CEO at ape2o
Investor perspective
"ape2o offers a simple idea with great appeal. We are delighted to participate in the company’s funding round and seeing more and more of the company as it rolls out its vending machines."
Jurek Sikorski
Founder and Director, Henley Business Angels
Use of funds
- 01Continue product development
- 02Build out infrastructure
- 03Expand into international markets
