CleanCo: Secures £7M in Funding

CleanCo, a London, UK-based premium low-alcohol spirits startup, secured £7m in funding
Backers included Ursula Burns and Stonebridge PLC, a digital-first consumer brand investment firm set up by DTC entrepreneur James Cox
The latest investment also takes the total now raised by the business to £9.1m
The capital will also support the brand’s international expansion, including plans to launch a number of significant new markets in H1 2021 and marketing investment
The company has ammassed over 50,000 customers in 15 months with initial distribution via Sainsbury’s, Holland & Barrett and Dunnes Stores of Ireland
The company’s latest funding success follows a £2.1m seed funding round led by investment firm Lightspeed Venture Partners in 2020 taking the total raised to £9.1M

January 19, 2021