The Coconut Collab Raises £1.5M in Series B Funding After Seeing 15% YOY Growth
The Coconut Collab, a UK producer of coconut-based dairy alternatives, has raised £1.5 million in its Series B funding round. The funding comes from existing shareholders, including US-based Ground Force Capital (formerly PowerPlant Ventures). This investment management firm previously funded The Coconut Collab’s $7 million Series A round, which was used to help the company expand within the UK and internationally. The new capital will be used to help The Coconut Collab transition from startup to scaling phase, accelerating growth and establishing a more mainstream presence throughout the UK and Europe. The company is already seeing double-digit year-over-year growth, with 15% growth in 2023. “The Coconut Collab has demonstrated rapid growth in the ten years since its inception,” said founder James Averdieck, “which has been …