Mlkman is delighted to announce an investment by VBites Ventures which will see it in a position to upscale production of its range of 100% vegan, dairy-free, plant-based milk alternatives for national and international distribution.
Jamie Chapman, founder of Mlkman, has confirmed that the investment will be used to invest in innovative production techniques to reduce the costs of its leading 12%-nut-content ‘m*lks’, and to allow it to meet the anticipated orders of a number of national and international distributors.
Sold in glass bottles, delivered directly to your door, Mlkman is committed to a plastic-free future and was the first nut milk brand to adopt the traditional values of yesteryear in designing its product offering.
Speaking at the investment closing ceremony hosted at bankers Coutts & Co. in London, vegan investor Heather Mills said:
“My team and I at VBites Ventures are delighted to assist the wonderful Jamie in expanding his innovative Mylkman concept beyond London, throughout the UK and into our existing international distribution network.”
VBites Ventures is a private, direct-investment portfolio established by Heather Mills, owner of VBites and a pioneering vegan entrepreneur, to assist early-stage plant-based businesses (including, but not limited to those in the food, clothing, cosmetics and toiletry sectors).
Heather is dismayed by the plight suffered by so many innovative and promising plant-based brands, in particular with the soaring costs of property and the real scarcity of 100% vegan manufacturing operations. To address this, VBites Ventures has invested heavily in three new completely plant-based factories to allow it to assist its investments in achieving their fullest potential but retaining their small-company feel and, most importantly, retaining the majority shareholding for the ambitious founders who have started them.
VBites Ventures will be announcing two further investments in the coming weeks.
Early-stage plant-based businesses who might be interested in receiving investment from VBites Ventures should complete the form at vbitesventures.com.