The news from 49 vegan publishers and animal rights charities are automatically posted here
News feed updated every 5 minutes

Neat Burger Plans to Triple in Size After Funding Round Increases Its Value to $70m

October 19, 2021
From Vegconomist

Neat Burger Plans to Triple in Size After Funding Round Increases Its Value to $70m – vegconomist – the vegan business magazine

  • October 19, 2021


    Voiced by Amazon Polly

    UK vegan restaurant chain has raised $7 million in a funding round led by , CEO of Softbank Investment Advisors. Misra heard about the chain from his children, who inspired him to invest in it.

    Following the round, Neat Burger is now valued at $70 million. The funding will allow the chain to continue with its plans to triple in size — it says it intends to open roughly one restaurant per month through to the end of 2022.

    Currently, it has five London locations, but it aims to increase that to 19 dine-in sites and 16 delivery kitchens. The company was able to accelerate its expansion after the pandemic caused rents to fall.

    Filet no Fish Neat Burger
    Filet no Fish Burger © Neat Burger

    As the new locations open, Neat Burger expects sales to increase by 300% YOY, reaching the tens of millions as early as next year. It also has plans to expand into the US, Italy, and the Middle East, as well as launching its burgers at supermarkets in the UK.

    In January, Neat Burger took on McDonalds by launching what it claimed was the in a UK fast-food chain. Last year, it became the official sponsor of the , and also had after it began offering deliveries via Deliveroo.

    “The fact that there is now such a high demand for a totally plant-based offering is really encouraging and exciting to us,” Director Zack Bish told the . “Even meat-eaters are going out of their way to choose plant-based options as the awareness of the effect it has on the world grows and grows.”

    Discuss In The Forum


    PETA-Certified Vegan T-shirts ★ Free Shipping

    Vegan revolution
    How about i eat you, fucker?
    Vegan anarchist
    Eat plants and no one gets hurt!
    Tofu killer
    No cages - no gods - no masters
    Meat is murder
    Meat is murder
    Friends not food
    Love animals don't eat them

    vegan shirts

    All content sourced from external websites. Opinions are those of the contributors and are not necessarily endorsed by or its partners. [Disclaimer]