Tiba Tempeh Secures Over £1.1M in Funding Following 736% Surge in Retail Sales Value
UK tempeh brand Tiba Tempeh has raised over £1.1 million in funding. The round was led by Maven Capital Partners through its Northern Powerhouse Investment Fund II, supported by the British Business Bank. Perfect Redd, the venture capital arm of Samworth Brothers, also made a follow-on investment. The funding will be used to enhance Tiba Tempeh’s marketing, sales, and product development, with new product launches planned for 2025. The news comes after Tiba Tempeh saw its retail sales value increase by a huge 736% in the past year, reportedly becoming the fastest growing brand in the UK chilled meat-free category*. The company has contributed £1.2 million in retail sales value over the past year, as demand for less processed meat alternatives continues to rise. Tiba …