Peckwater Brands raises £3m in seed funding to expand operations
The company offers delivery-only food brands to neighbourhood restaurants.
Virtual brand company Peckwater Brands announced that it has secured £3 million in a new seed funding round, led by Fuel Ventures.
Peckwater says it has grown 20% month-on-month over the past year and is set to hire additional roles across their sales, operations, and brand development functions.
It also aims to expand its operations into the US and plans to set up a base in Australia and New Zealand.
Peckwater currently has a mix of owned and licensed brands spanning several categories including chicken (Seoul Chikin, Flip the Bird, Wham Bam Wings, Katsu), burgers (Dukes, Proper Tasty) and a vegan offering called Ding Dog, in partnership with Unilever.
Other brands include Chicken Sees A Salad and Say Queso.
Fuel Ventures has invested in Peckwater Brands alongside Pembroke VCT in return for a minority stake.