UK-based dairy-free yogurt producer The Coconut Collaborative has recently finalized a Series B funding round, securing a noteworthy £1.5 million investment.
The company says it will use the investment – which comes from existing shareholders, including Ground Force Capital – to support its transition from its initial ’start-up’ phase to a scaling phase, using “existing momentum to accelerate growth in the coming years”.
Founded in 2013 by James Averdieck, the creator of Gü desserts, The Coconut Collab has experienced significant growth since its establishment. Averdieck attributes this success in part to the increasing demand from consumers for sustainable dairy-free options.
Averdieck explained, “We take a unique approach within the category: our Coconut Yog is luxuriously thick and creamy, with a sweetness originating solely from the natural sugars found within the coconut and fruits we use. We know that one of the things consumers love about our products is the health benefits, such as how low in sugar they are, combined with the taste and texture.”
“Unlike most of our competitors, we do not add water to our products. Our yogs are made of over 95% coconut, so we do not need to use heavy stabilisers. No nasties and no shortcuts create the creamy and indulgent texture we are known for.”
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