16.9 C
September 27, 2022
2020 – 2022 © MO.CO.HU Magyarország Hírek, Hungary News
Image default
CRC Partnership HÍREK Honest Food Company Investment News london Peckwater Brands VILÁG ANGOL

Peckwater acquires Honest Food Company’s foreign operations

Virtual Brand company Peckwater has acquired the operations of Honest Food Company in four European countries, expanding as an operator of virtual food brands.

Founded in 2019, London-based Peckwater Brands helps develop the virtual brand of restaurant chains operating a delivery-only service without the need for a physical location.

Already operating in the UK, France, US, Belgium, and the UAE, Peckwater will be using the acquisition of Honest Food services to expand its operations into Finland, Sweden, Hungary, and Czechia.

“We announced our intention to accelerate international expansion with our Series A funding, and this represents a massive step forward for Peckwater Brands,” said Leo Bradshaw, executive chair of Peckwater.

“Having opened our French and Belgian operations organically in the three months since our funding round, we’re delighted to be adding operations in four more mature markets.”

Peckwater raised £15m in a Series A funding round in June from Stonegate Group and SoftBank.

Sam Martin, CEO of Peckwater added: “The HFC team have shown the same level of focus, talent, and opportunity in building their impressive position in the European market. With their brands now under our banner, I am sure that our rate of growth won’t just be sustained – it will accelerate further.”

The post Peckwater acquires Honest Food Company’s foreign operations appeared first on UKTN | UK Tech News.

Related posts

London’s online grocery service Zapp zooms to Manchester, aims to cater ‘need it now’ occasions


With £1.6M, Newcastle proptech One Utility Bill completes second fundraise this year


UK’s Singapore trade deal promises fintech and data flow boost


DMCA.com Protection Status