Vegan fried chicken brand, VFC Foods, has secured £7.5 million in a seed round led by Veg Capital.
The plant-based meat alternative company launched 13 months ago and plans to use the seed money to scale up production and expand to international markets.
Veg Capital, the specialist animal charity fund, has previously raised £3 million in funding for VFC.
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The fund invests in companies who work to free animals from the industrial meat system, and donates all profits to UK and European charities that raise awareness for animal suffering.
“There has been huge interest from investors and we’re very grateful for that,” VFC co-founder Matthew Glover said.
“By working with Veg Capital we’ve been able to focus purely on scaling the business as fast as possible to take advantage of the opportunity.”
The news comes as VFC achieved its first major listing at Tesco last October, which has allowed the company to secure listings in more Big 4 grocers and food service wholesalers.
“Expansion within the UK has been phenomenal, and we are also seeing strong international demand, particularly from the US,” VFC commercial director Stewart McGuckin added.
Currently, VFC is hiring a US general manager to over-see growth in North America where major listings are already set in place.
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