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004 - Business Express

The best funded vegan companies in Europe

  • British company AllPlants takes the first place with more than one billion dollars of funding
  • Simple Feast, from Denmark, takes the second spot
  • The United Kingdom takes the charge, registering 16vegan companies in the top 30

British plant-based products company AllPlants is Europe’s best funded vegan company of 2021, a new study has found.

The study, conducted by professional kitchen suppliers Maxima Kitchen Equipment, analysed the funding received by more than 100European based companies which specialize in the production of vegan and plant-based food.

AllPlants, founded in 2016 and based in London, takes top spot on the list with €63,047,234 of funding, coming from 54 investors. The company specializes on plant-based substitutes for meat, dairy, and fish products.

The top five continues with two continental-based companies: Simple Feast, based in Denmark and founded in 2015 is second with €51,754,871 from just nine investors; and Planet Foods is third with funding totalling €47,268,210 from 18 investors since being founded in 2019 in Switzerland. 

In fourth comes The Meatless Farm, founded in 2016 and based in the United Kingdom, with €32,739,572 in funding. 

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Another British company based in London closes the top five, THIS, founded in 2018 and investments which amount to €25,027,289 from 18 investors.

A total of 16 British companies feature in the top 30 of Europe’s best funded vegan companies. Worthy of mention among these there are Huel in sixth place, founded in 2014 and with €22,919,859 of funding from only one investor, and Neat Burger, in 17th place, founded in 2019 and recipient of €6,160,000in funding.

A spokesperson from Maxima Kitchen Equipment commented, saying: “Plant-based is the future of nutrition, with more people switching to a vegan diet in order to preserve the planet and decrease their carbon footprint. Our study shows how much effort there is behind this pledge, with plenty of investors – 134 among our top five alone – confident that making sure plant-based alternatives are available for everyone, everywhere is a lucrative business strategy.”

The research was carried out by Maxima Kitchen Equipment, which has more than 40 years of experience in the supply and maintenance of professional kitchen equipment.

Top 30 best funded plant-based products companies of 2021


Organization Name Funding in EUR Founded Date Location Number of Investors
1 AllPlants 63,047,234 2016 United Kingdom 16
2 Simple Feast 51,754,871 2015 Denmark 9
3 Planted Foods 47,268,210 2019 Switzerland 18
4 The Meatless Farm 32,739,572 2016 United Kingdom 1
5 THIS 25,027,289 2018 United Kingdom 11
6 Huel 22,919,859 2014 United Kingdom 1
7 Heura Foods 21,326,525 2017 Spain 4
8 Simris 20,695,669 2011 Sweden
9 Activate 16,439,109 2008 Sweden 13
10 Strong Roots 16,104,000 2015 Ireland 1
11 Nourished 12,850,788 2019 United Kingdom 6
12 VeganNation 8,800,000 2017 United Kingdom
13 The Cheeky Panda 8,040,386 2016 United Kingdom
14 SagaNatura 7,177,009 2000 Iceland 2
15 Vegetarian Express 6,285,289 1987 United Kingdom 1
16 BYBI 6,160,000 2017 United Kingdom 3
17 Neat Burger 6,160,000 2019 United Kingdom 1
18 The Collaborative 6,160,000 2014 United Kingdom 1
19 Sproud 5,780,869 2018 Sweden 1
20 Olygose 5,250,722 2009 France 3
21 TheVeganKind 5,072,20 2013 United Kingdom 1
22 Hooked Foods 4,660,304 2019 Sweden 11
23 Plant Jammer 4,308,810 2016 Denmark 5
24 Three Spirit 3,890,480 2018 United Kingdom 1
25 Alver World SA 3,860,189 2017 Switzerland 1
26 VFC Foods 3,024,230 2020 United Kingdom 2
27 Epycure 2,909,886 2019 France 1
28 Better Nature 2,815,456 2018 United Kingdom 2
29 Kazidomi 2,500,560 2016 Belgium 1
30 Ready Burger 2,428,749 2020 United Kingdom 1


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