WNWN Food Labs, a UK-based startup that produces cocoa-free alternative chocolate made from plant-based ingredients, has secured $5.6 million in a Series A funding round led by PeakBridge. Other investors included HackCapital, Investbridge AgriTech, Martin Braun-Gruppe, and PINC. The company’s unique fermentation process converts ingredients such as British barley, legumes, and carob into a chocolate alternative that mimics the taste, texture, and baking properties of conventional chocolate, while producing 80% less carbon emissions. The funding will be utilized to expand the company’s manufacturing capabilities, increase the workforce, and launch its products in a UK retailer later this year.
WNWN Food Labs has successfully raised $5.6 million in a Series A funding round led by PeakBridge. Other investors include PINC, HackCapital, Investbridge AgriTech, and Martin Braun-Gruppe. The funding will be used to scale up the company’s manufacturing capabilities for its line of dark choc thins and Waim! bars, a variation of Mondelez International Inc.’s Daim bar. Additionally, the company plans to increase its workforce ahead of its launch in an unspecified UK retailer this year.
According to Johnny Drain, co-founder and chief technology officer at WNWN, the funding round is a testament to the company’s scientific expertise and ability to scale up operations. The demand for chocolate is increasing year over year, and WNWN’s cocoa-free alternative offers a plant-based, vegan, and low-sugar option while reducing carbon emissions. The company’s innovative fermentation process can convert ingredients such as British barley, legumes, and carob into a chocolate alternative that mimics the taste, texture, and baking properties of conventional chocolate.
WNWN’s alternative chocolate is made from British barley, carob, legumes, and other plant-based ingredients using a proprietary fermentation process that produces 80% less carbon emissions, as per the company’s internal lifecycle analysis. The company’s products are plant-based, vegan, and low-sugar, catering to the growing demand for sustainable and healthy food options. WNWN’s fundraising round is led by PeakBridge, an investment firm that focuses on food technology startups with a sustainable and health-focused approach.
WNWN’s innovative approach to producing cocoa-free alternative chocolate is gaining recognition from investors as it successfully raises $5.6 million in a Series A funding round. With the funding, the company plans to expand its manufacturing capabilities and launch its products in a UK retailer later this year. WNWN’s products cater to the growing demand for sustainable, plant-based, and healthy food options, and the company’s innovative fermentation process produces 80% less carbon emissions, making it an attractive option for conscious consumers.
