MIGHTY founders, Tom and Nick Watkins

Image courtesy of Mighty

Investments & Finance

Mighty Plant-Based Milk Raises £8M for International Expansion

Mighty plant-based milk has raised £8 million in new capital as the fast-growing UK alt dairy brand looks to invest in international expansion. Mighty will also launch its new cutting-edge fermentation technology as it looks to lead the next generation of plant-based milks.  Pea-based pioneers Originally known for its pea-based milks, Mighty has expanded its product range which now features oat-based products, vegan protein powders, and shakes. Mighty has the goal of simplifying and democratising the plant-based milk segment, with the brand’s research showing over 70 different types of plant milk on the market, from soy- to potato-based. This complexity of choice, Mighty believes, can prove a barrier to entry for first-time buyers.  The Yorkshire-based brand now has its sights set on expanding into EU …

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Company News

Sweden: Sproud Appoints Global CEO, Continues to Work Towards £50M Revenue Target

Sproud, the Swedish company behind the eponymous low-carbon pea milk, announces that Sara Berger, the current CEO of Sweden’s largest fruit and vegetable supplier SydGrönt, will be appointed Global CEO of Sproud from August. The company is now entering a new phase of significant growth, with the goal of reaching SEK 500 million (almost £50 million) in sales within three years.

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VLY Foods Team

© VLY Foods

Investments & Finance

Vly Raises €6.1M For Yellow Pea-Based Milk That “Matches Cow’s Milk for Nutrients, Taste & Functionality”

Vly, a German producer of pea-based milk, today announces an investment of €6.1M led by Five Seasons Ventures, alongside previous investors Global Founders Capital and Good Seed Ventures. The company will use the fresh funds to upscale in DACH and new European markets, including the UK, further product development and key talent. “We have started with milk, but we want to create a range of new dairy alternative products” Vly was founded in 2018 by Niklas Katter, Moritz Braunwarth and Nicolas Hartmann, who after 400 iterations in research and development, created the milk using yellow split pea protein. The finished product is said to be neutral in taste, high in nutrients, low in sugars, and is functional, meaning it can be used for everything from …

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Wunda / Nestle

©Wunda / Nestle

Products & Launches

Is Nestlé Too Late to the Alt Milk Party with Launch of Wunda Brand?

Nestlé – the world’s largest food and beverage company – has launched Wunda, a new pea-based milk alternative. Although arriving late to the plant-based milk segment, Nestlé looks set to take on the major players in the rapidly growing sector, with Wunda selling out quickly on its limited-edition launch.

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Heartbest Foods milk

© Heartbest Foods

Company News

Heartbest Foods’ Innovative Plant Milks to be Available Throughout Mexico

Mexican foodtech company Heartbest Foods, whose investors include Blue Horizons Ventures, recently announced that its plant-based milks will be available nationwide across Mexico, according to its co-founder and CEO, Aldo González. The company produces a range of vegan milk, cheeses and creams including unique drinks such as pea & amaranth.

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Sproud pea milk is now stocked at Sprouts Farmers Market

© Sproud

Startups, Accelerators & Incubators

Pea-Milk Pioneer Sproud Raises £4.8, Plans to Take Over UK Market

Swedish pea-based milk producer, Sproud, which launched in 2018 and expanded to 15 markets in just two years, announces it has raised £4.8 million in funding. Sweden’s hottest pea protein drink successfully moved into the US and Canada last year, and now has eyes on further expansion into the UK market.

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Mighty Pea

©Mighty Pea

Market & Trends

Pea Milk Market to Surpass US$138M By End of 2030

The global pea milk market is anticipated to surpass a valuation of US$ 138 million by the end of 2030, according to a recent study which states that that in the short term, COVID is bringing about declining supply of pea milk due to global lockdowns, however the market is expected to experience a serious comeback.

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© Good Karma Foods

Market & Trends

Vegan Flax Milk Company Good Karma Foods Regains Ownership from Dairy Giant Dean Foods

Good Karma Foods, Boulder Colorado-based producer of milk and yogurt from flaxseed, has re-bought its ownership after dairy giant Dean Foods filed for bankruptcy. The move comes after an undisclosed investment from the early-stage food fund Valor Siren Ventures, along with their existing investors.

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Sproud pea-protein milk

©Sproud

Company News

Sproud: “We Believe Plant Milk Will Acquire 50% of the Milk Market Share in Ten Years”

It’s day three of our celebratory series about the wonderful world of plant milks, leading up to World Plant Milk Day this Saturday 22nd. Our second brand today is the delectable Sproud. Here we see how Sproud is celebrating and how the company envisions the future of the milk industry.

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Mighty Pea

©Mighty Pea

Company News

Mighty Pea: “World Plant Milk Day is a Great Opportunity to Make a Change”

It’s day three of our celebratory series about the wonderful world of plant milks, leading up to World Plant Milk Day this Saturday 22nd. We are featuring different plant milk brands every day this week to see how they are celebrating and how they envision the future of the milk industry. Today we have two wonderful brands — Mighty Pea from the UK and Sproud from Sweden, both specialising in pea protein.

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Mighty Pea

©Mighty Pea

Company News

UK’s Leading Pea Milk Brand Mighty Pea Secures £1 Million

UK pea milk producer, Mighty Pea, which uses yellow split peas in the creation of its beverages, has secured over £1M in funding from both its existing investor base and the UK Government’s Future Fund. Launched in April 2019, the startup previously raised funds on Seedrs where it reached its target of £300k in under a week.

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Christian Christensen, Direktør Dryk ApS

© Dryk ApS

Interviews

Dryk: “Our Sole Aim is to Make it Simple for Everybody to Convert From Animal-Based to Plant-Based Milk”

Dryk is a dairy alternative brand seeing success in its native Denmark where it produces a large range of plant milks with ingredients including hemp, quinoa, pea, and of course the ubiquitous oat. The company develops its products in close cooperation with leading food manufacturers who take pride in creating the best quality.

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