WNWN Raises $5.6 Million to Launch Cocoa-Free Choc in Retailers Across the UK
Cocoa-free chocolate brand WNWN Food Labs announces it has raised $5.6 million (£4.5m) in financing to launch its vegan, cocoa-free chocolate range into UK retail in 2023. The round was led by PeakBridge, a foodtech VC firm and core member of EIT Food. Other participants in the round included Geschwister Oetker Beteiligungen Group via its subsidiary Martin Braun-Gruppe, Mustard Seed Maze, PINC, Investbridge AgriTech, and HackCapital. FoodLabs (formerly Atlantic Food Labs) extended its commitment with follow-on investment. “This blend of VCs gives us deep and strategic food tech experience to make a significant positive impact, and with PeakBridge’s partnership and team, we are well on our way to create a tastier, more ethical future of food,” said WNWN’s CEO, Ahrum Pak. With the newly raised funds WNWN will increase its manufacturing capabilities and hire additional staff …