The vegan fried ‘chick*n’ start-up VFC Foods Ltd has raised £7.5 million in a seed round led by Veg Capital.
The company, which launched 13 months ago, had previously raised £3 million in pre-seed funding, also via Veg Capital. A Series A round to bring in outside investment is being considered for mid-2023.
VFC achieved its first major listing at Tesco in October 2021, with three of the company’s chicken-alternative products stocked in the frozen aisle.
Stewart McGuckin, VFC’s commercial director, said that the reception to date has far exceeded his ambitious expectations and has given the company the confidence to accelerate its plans.
The latest round of funding will support greater capacity, team building, marketing, R&D and scaling up of the business internationally. VFC is currently hiring a US general manager to fast-track growth in North America.