Kale United

Mans Ullerstam. © Kale United
Fundraising

Kale United Aims to Raise 12M SEK in Preparation for IPO

Leading Nordic plant-based investor Kale United has started a new funding round with the goal of raising 12 million SEK (€1.03 million). The round will be active until December 1, with a third of shares already booked. It comes as Kale United prepares for an IPO in Q2 2025. Some of the capital raised will be used to launch a fund for sustainable investments, which will cater to large institutional investors. The fund will also provide capital to Kale United’s portfolio companies, increasing the investor’s assets under management by 150 million SEK (€12.9 million). Following the raise, Kale United plans to continue investing in both new and existing portfolio companies. The investor says it foresees high growth for its subsidiary, Kale Foods, which distributes its …

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Kale United acquires Lily & Hanna's

© Lily & Hanna's
Investments & Acquisitions

Kale United Acquires Over 95% of Swedish Vegan Ice Cream Brand Lily & Hanna’s

Plant-based holding company Kale United has announced its acquisition of Lily & Hanna’s, a vegan ice cream brand based in Sweden. Kale United said it had agreed to purchase just under 70% of the shares in Lily & Hanna’s from the founder, and had also offered to purchase all other shares in the company from the remaining shareholders. As a result, Kale United will acquire over 95% of the business. The holding company said the acquisition would increase its turnover by more than 50% at group level, and increase its net asset value by around 10%. Lily & Hanna’s products are available at all major retailers in Sweden and are also sold in several other European countries. The coconut-based ice creams come in flavours such …

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kaleunited logo

©Kale United
Investments & Acquisitions

General Public is Invited to Participate in €4M Kale United Round

The Swedish holding company Kale United invites the general public to a €4M round to expand investment opportunities in sustainable plant-based businesses.  According to Kale United, the current invitation to acquire shares coincides with a 1.8 million euro investment from institutional investors. UK-based IP Group, dedicated to evolving great ideas into world-changing businesses, is among the larger investors in this round. The financial advisor Pepins will manage the public round, and retail investors are welcome to acquire new shares valued at €2.3M. The share price will be 24.9 euros with a minimum tradable lot of ten shares, announced Kale United. “Meat and dairy represent about one-third of the world’s climate challenges. That’s why we’re inspired by Kale United’s business and its ambition of lowering thresholds …

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One Planet Pizza lifestyle shot

©One Planet Pizza
Company News

One Planet Pizza Launches in Sweden With Help of Kale United

One Planet Pizza‘s product range is now available in Sweden through a distribution agreement with Kale Foods, a subsidiary of well-known Swedish vegan VC firm Kale United, headed by Måns Ullerstam. The full portfolio of frozen pizzas is now available to Swedish consumers from online retailer Vembla in Stockholm and Malmö, as well as in food service for restaurants. “The Swedish market is demanding a vegan premium pizza and we are particularly pleased to have One Planet Pizza in our plant-based portfolio. We are currently in dialogue with a number of different grocery retailers in Sweden and hope for a nationwide launch soon”, says Anders Nilback, CEO of Kale Foods. Kale Food organised a teaser launch in collaboration with Swedish PR agency Redget Communications, with …

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Kale Foods hires new CEO

Anders Nilback. © Nordicpic by Lars
People

Kale Foods Hires New CEO With 25 Years’ Experience in the Food Industry

Kale Foods hires new CEO Anders Nilback as it extends major investments in the Swedish food industry. Swedish plant-based company Kale Foods, a subsidiary of vegan investment company Kale United, has hired industry veteran Anders Nilback as its new CEO. Previously, Nilback was CEO at bread brand Brödverket. He has also worked in a range of other notable positions, including marketing and export manager at Fria Bröd and oat product consultant for Lantmännen Swedish Oats. “Anders is an ideal recruitment for Kale Foods since he has a diverse knowledge of the industry, with a holistic approach. We welcome him as a strong addition to the family,” said Måns Ullerstam, founder and CEO of Kale United. Meeting growing demand Nilback will help Kale Foods to expand …

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Brandplant

©Brandplant
Investments & Finance

Plant-Based Industry to Flourish in Benelux With Support From Veg Capital & Kale United

UK’s Veg Capital and Sweden’s Kale United, two game-changers in the world of vegan and ethical investment, have invested in Brandplant, a Netherlands distributor of plant-based products, signalling the acceleration of vegan product availability in the Netherlands, Belgium and Luxembourg. The partnership between these three ethically aligned companies with an impressive combined international vegan network has huge potential for the growth of plant-based business in the three markets. The funds will be utilised to accelerate the growth of current Brandplant brands, in addition to portfolio brands of Veg Capital and Kale United, who in return will support Brandplant’s own brands in the UK and Scandinavia. “It really is a win-win situation,” states Veg Capital’s Managing Director Matthew Glover, who also co-founded Veganuary and VFC, “as …

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Interview with VBites CEO Heather Mills and Kale United CEO Måns Ullerstam
Interviews

Heather Mills & Måns Ullerstam – Giants of Vegan Investment Speak of Collaboration

VBites CEO Heather Mills and Kale United CEO Måns Ullerstam
VBites CEO Heather Mills and Kale United CEO Måns Ullerstam

Heather Mills and Måns Ullerstam are two prolific investors in the world of vegan business. Ms Mills operates meat and dairy alternative producer VBites, and her lengthy list of achievements in the field includes constant and steady expansion in the UK, the acquisition of a Procter and Gamble factory to create a “plant-based silicone valley”, and collaborations with One Planet Pizza and Goodfellas Pizza in advancing the development of vegan cheeses.

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Kale Invest

©Kale United
Company News

Kale United launches EUR 1 Million Funding Round

Plant-based company Kale United AB (Kale United) today announces the launch of its second funding round; raising EUR 1 million in capital to invest in or acquire new brands that are supporting global change. Kale United is harnessing its international reach to help global companies to enter Scandinavia and to support Scandinavian companies as they grow globally.

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Geri Mileva

Guest writer Geri Mileva
Market & Trends

Here’s Why You Should Invest in the Vegan Market in 2019

Guest post from freelancer writer Gergana Mileva.
Veganism’s surging popularity is now a global phenomenon. Big chains such as Marks & Spencer, Pret a Manger, and Pizza Hut are introducing a wide range of vegan options to their loyal patrons. Others are taking the plunge into veganism. Guinness, for example, decided to stop using fish bladders in their brewing process, after two and a half centuries of carrying out this practice.

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