The Grocer published an excellent excerpt about our recent investment that will help us increase our distribution:
Luxury gelato supplier Remeo has received a £500k cash injection as it looks to boost its presence in the grocers. The supplier, which is currently listed in Waitrose and Ocado, said sales had increased three-fold this summer.
An Italian VC fund and a number angel investors, including Nando’s Grocery CEO Georg Gruber, contirbuted to the £500k fundraise, ahead of a listing with a major UK retailer starting in autumn 2018.
Funds from the push will be used to increase distribution, as well as recruitment, international growth and NPD. Remeo raised £150k in an early stage funding round, followed by another £350k funding round last year.