# PWB

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pwb

- Industry: Travel & Leisure
- Headquarters: London, UK
- Website: www.peckwaterbrands.com
- Total disclosed funding: $23M
- Latest round: Series A (Apr 1, 2022)
- Investors on record: 4

## About

Peckwater Investments Ltd, dba PWB, founded in 2019, is based in London, UK. The company focuses on producing virtual food brands that enable kitchens to generate income through delivery services. In April 2022, Peckwater Investments Ltd raised GBP 15 million in series A funding led by new investor Stonegate Group, with participation from another new investor SBI Investment. Returning investors Fuel Ventures and Pembroke VCT. The series A funding values Peckwater Investments Ltd at GBP 71.90 million post-money. The leadership includes co-founders Leo Bradshaw and Sam Martin, with Sam Martin also serving as CEO. Peckwater Brands specializes in the development and management of virtual food brands that operate exclusively through online delivery platforms. Their model allows existing kitchens—from restaurants to hotels—to create additional revenue streams through delivery without a physical dining space. By utilizing existing kitchen setups, Peckwater enables partners to expand their offerings with various virtual brands like Seoul Chikin, Flip the Bird, and Papi Taco, catering to customers across metropolitan regions in Europe, including the UK, Germany, and Austria. The company supports partners to set up virtual kitchens in as little as 14 days, enhancing their profitability and market reach. Peckwater Brands generates revenue by collaborating with food service operators who pay to utilize its virtual brand offerings. This partnership model typically involves a revenue-sharing agreement where Peckwater provides marketing and operational support in exchange for a percentage of sales.

## Funding rounds

- Series A, Apr 1, 2022, $18M — SBI Investment, Pembroke VCT, Fuel Ventures, Stonegate Group
- Seed, Sep 30, 2021, $4.3M — Pembroke VCT, Fuel Ventures

## Investors

- Pembroke VCT (https://capitalatlas.ai/funds/pembroke-vct) — Seed, Series A
- Fuel Ventures (https://capitalatlas.ai/funds/fuel-ventures) — Seed, Series A
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series A
- Stonegate Group — Series A