# Hoxton Farms

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hoxton-farms

- Industry: Biotechnology
- Headquarters: London, UK
- Website: www.hoxtonfarms.com
- Total disclosed funding: $28M
- Latest round: Series A (Aug 9, 2022)
- Investors on record: 12

## About

Hoxton Farms Ltd., based in the UK, is focused on developing cultivated fats that replace animal-derived fats, driving innovation in sustainable food technology.Founded in 2020 and headquartered in London, UK, Hoxton Farms Ltd. specializes in cultivating fats for sustainable food solutions. The company's founders, Ed Steele and Max Jamilly, have a background in creating impactful food innovations. In August 2022, Hoxton Farms raised GBP 20.22 million in a Series A funding round, co-led by Collaborative Fund and Fine Structure Venture, supported by returning investors including Backed VC and Founders Fund. This funding has raised the company’s valuation to GBP 64.91 million.Hoxton Farms specializes in the development and production of cultivated fats, aimed at transforming sustainable food technology. Their innovative fat products replicate the taste and texture of animal-derived fats, catering to the growing demand for plant-based alternatives. These cultivated fats are applicable in various sectors, including plant-based meat alternatives and gourmet culinary products, targeting both B2B and direct-to-consumer markets, including food manufacturers, restaurants, and health-conscious consumers. The company aims to expand its reach into global markets, particularly targeting North America and parts of Europe.Hoxton Farms generates revenue through direct sales and partnerships with food manufacturers and retailers. Their revenue model includes B2B transactions and long-term contracts that facilitate the integration of cultivated fat solutions into client offerings. Pricing is structured based on volume and application, offering flexibility across customer segments. By focusing on flagship products, Hoxton Farms aims to address the rising demand for innovative food solutions while emphasizing sustainability.Following the Series A funding round on August 9, 2022, Hoxton Farms plans to utilize the GBP 20.22 million to build its pilot production facility and enhance its customer partnerships. The company is designing new products to launch in the coming year, with an eye towards expanding into North America and Europe by 2023. This strategic positioning aims to capitalize on the increasing consumer interest in sustainable food options.

## Funding rounds

- Series A, Aug 9, 2022, $24M — Founders Fund, Collaborative Fund, AgFunder, Backed VC, SystemiQ, Presight Capital, CPT Capital, Sustainable Food Ventures, MCJ, Fine Structure Ventures
- Seed, Feb 9, 2021, $3.7M — Founders Fund, Backed VC, Presight Capital, CPT Capital, Form Ventures, Sustainable Food Ventures, Nucleus Capital

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed, Series A
- Backed VC (https://capitalatlas.ai/funds/backed-vc) — Seed, Series A
- Presight Capital — Seed, Series A
- CPT Capital — Seed, Series A
- Form Ventures (https://capitalatlas.ai/funds/form-ventures) — Seed
- Sustainable Food Ventures (https://capitalatlas.ai/funds/sustainable-food-ventures) — Seed, Series A
- Nucleus Capital (https://capitalatlas.ai/funds/nucleus-capital) — Seed
- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Series A
- AgFunder (https://capitalatlas.ai/funds/agfunder) — Series A
- SystemiQ (https://capitalatlas.ai/funds/systemiq) — Series A
- MCJ (https://capitalatlas.ai/funds/mcj) — Series A
- Fine Structure Ventures (https://capitalatlas.ai/funds/fine-structure-ventures) — Series A