A Bristol-based healthy snack company has secured £1m of investment and is planning to use the funding to expand internationally.
Nuts and seeds retailer Boundless, which is based in Stokes Croft in the city, secured the funding from existing Angel investors and a syndicate of high-net-worth individuals.
The funds will be used to drive the brand’s next phase of growth, launch new products and support further expansion into Europe and the Middle East.
Cathy Moseley, a commodities trader-turned-entrepreneur who founded Boundless in November 2017, said: “This is such a significant fundraise for us and one we believe will really help support our growth as we move into the next phase of the business.
“Our aim is to bring all the natural health benefits of activated nuts and seeds to the nation, and to do this at an accessible price point, whilst injecting bags of flavour and personality into the category.”
The news comes less than a year after the company landed a lucrative deal with Sainsbury’s after appearing on the BBC’s Inside the Supermarket.
The brand launched into Sainsbury’s full estate of stores last summer following a successful trial in its 'Taste of the Future' bay.
Its products are also sold in hundreds of Holland & Barrett branches around the country and independent retailers across the 海角视频.
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Altogether Boundless now supplies 3,000 stores in Britain as well as nine international markets, including Hong Kong and Taiwan.
In the last six months alone, the online business has seen more than 2,000 per cent growth, with retail sales increasing 600 per cent year on year, according to the company.
"We’ve got a huge vision for new product development and with gut health higher on the agenda than ever, our long-term growth potential is huge," added Cathy.
"We’ve had a strong start to 2020, and are absolutely delighted to have secured this additional investment for the next stage of our journey.”