![]() ![]() Michael Kleindl, Founder and Managing Partner of Blue Horizon Ventures confirmed: “We are extremely pleased to welcome LoveRaw to the Blue Horizon portfolio. In signing the seven-figure investment deal, Blue Horizon Ventures will now support Rimi and Manav in successfully disrupting the vegan confectionery industry, a strategy supported by newly appointed Non-Executive-Director, Juliet Barratt, Co-Founder and previous Chief Marketing Officer of Grenade® – a healthy snacking FMCG brand offering high protein and low sugar nutrition bars. Having successfully achieved a 98% year-on-year growth rate, combined with a 200% increase in monthly sales, the entrepreneurial duo approached Blue Horizon Ventures for investment in early 2019, inspired by the venture capitalist’s vision to create the largest ecosystem for tastier, healthier and sustainable food across the globe. Since declining this deal, Rimi and her business partner and husband, Manav Thapar, have worked hard to hone the brand’s 100% natural, vegan chocolate buttercup product, now manufactured in five flavours and sold in major supermarkets and other retail chains across ten different countries worldwide. This comes just two years after Rimi Thapar, Founder and Managing Director of LoveRaw, rejected a £50,000 investment offered by Dragon’s Den star and serial investor, Deborah Meaden, in determination to maintain a higher equity stake in the business. The overwhelming interest and final fund size combined with our pace and quality of portfolio building reflect the enormous potential of our investment thesis: financial performance paired with an attractive risk return profile and tangible impact”, says Kleindl.Blue Horizon Ventures, a venture capitalist renowned for investing in ‘game-changing’ plant-based food brands as well as cultivated meat has announced a multi-million-pound investment into innovative vegan confectionery firm, LoveRaw.īlue Horizon Ventures, already financial backers for Beyond Meat, a US-based producer of plant-based meat substitutes and many others, has signed an investment deal with LoveRaw. We are delighted to have reached the final close for our first flagship fund. ![]() ![]() This allows more and more entrepreneurs to start their ventures in the food sector. “The global capital, accelerated by the global Covid-19 pandemic, is moving towards impact at great speed. The venture fund capitalizes on long-lasting industry access and networks, and developing partnerships with like-minded, mission aligned co-investors as well as incubators, accelerators and universities. With multiple experts predicting the impending cultured meat revolution, Blue Horizon Ventures also secured a €55 million Series B funding round for Netherlands-based cultured meat pioneers Mosa Meat last year. Managing Partner Michael Kleindl states: “Our investment thesis builds on the strong belief that we as a society will eat differently in the (very) near future.” ©Alpha Foods In 2020 it announced a deployment of over €50 million of acceleration capital, bringing brands such as Spain’s CUBIQ and Mexico’s Heartbest on board. The current portfolio includes Veestro, Alpha Foods, Love Raw, and Clara Foods, amongst others. ![]()
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