# VFC Foods

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vfc-foods

- Industry: Food
- Headquarters: York, UK
- Website: www.vfcfoods.com
- Total disclosed funding: $22M
- Latest round: Seed (Apr 21, 2023)
- Investors on record: 1

## About

Based in York, UK, and founded in 2020, VFC Foods Ltd is a vegan food producer that provides fresh plant-based protein foods. In March 2021, VFC Foods Ltd raised GBP 3 million in seed funding led by new investor Veg Capital, with participation from Johnson Resolutions. With the deal, co-founder Matthew Glover became CEO. Glover is also the managing director of vegan investment fund Veg Capital, as well as the co-founder for the Veganuary charity. Co-founder Adam Lyons also leads the company as COO and chef. In April 2023, VFC Foods Ltd raised GBP 6 million in seed funding led by returning investor Veg Capital.
VFC Foods operates as a sustainable vegan chicken producer. The company offers various vegan products, including Chick*n Bites, Chick*n Fillets, and Popcorn Chick*n, all made with original recipes. The plant-based meat is made from soy. VFC can be purchased online and in various stores. The company has partnered with Tesco in the UK, and stores such as Central Market, Jungles Jim’s, and Raley’s in the US.

VFC Foods Ltd plans to use the 2021 and 2022 funding to support greater capacity, team building, marketing, R&D and scaling up of the business internationally. The company is currently hiring a US general manager to fast-track growth in North America where major listings are already in the pipeline, as they are within the EU and other territories, too. By the end of 2023, VFC is targeting sales of £20m, equivalent to three million chickens, and £50m in the financial year 2025, or 7.5 million chickens.

## Funding rounds

- Seed, Apr 21, 2023, $7.5M — Veg Capital
- Seed, Jan 18, 2022, $10M — Veg Capital
- Seed, Mar 25, 2021, $4.1M — Veg Capital

## Investors

- Veg Capital (https://capitalatlas.ai/funds/veg-capital) — Seed