Tuesday, March 2, 2021

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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

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