Angel Meals, believed to be New Zealand’s #1 plant-based meals model, has introduced its newest crowd funding elevate, which can launch on PledgeMe on Monday June 19.
Angel Meals is trying to elevate a minimal of $200,000 (for a share of 4.17% of the corporate) with a most elevate of $500,000 (for a share of 9.8% of the corporate). The minimal funding is $331.00 (for 10 shares at $33.10 per share). The share supply will shut on 3 July (or when totally subscribed, if earlier).
The capital raised might be used for funding in advertising, innovation (together with the continued enchancment of current merchandise and new product growth), and expertise useful resource (together with the procurement of an skilled GM), whereas additionally serving to the model put together for its launch into Australia in 2024.
Angel Meals is Aotearoa’s largest and most skilled plant-based cheese firm, going robust for 17 years. Founder and CEO of Angel Meals, Alice Shopland (an entrepreneurial vegan activist), and her workforce have been championing the advantage of embracing plant-based meals lengthy earlier than plant-based and vegan diets had been mainstream.
The companys says the model and merchandise resonate with ‘flexitarians’, a more moderen and far bigger market, who’re discovering that Angel Meals’s merchandise make plant-based consuming straightforward.
Angel Meals’s core product focus is dairy-free cheese alternate options, with a manufacturing of greater than 130 tonnes of cheese per 12 months. Angel Meals determined to focus its product vary on dairy-free cheese on condition that it’s a key ingredient in all kinds of recipes and meals, and so they launched their first plant-based cheese commercially made in Aotearoa in 2015.
Angel Meals has distribution throughout an estimated 1000+ meals service iutlets throughout New Zealand, together with all grocery chains plus cafes, eating places, and quick-service eating places.
Angel Meals is trying to export its merchandise, beginning with Australia, and hopes to grow to be the main plant-based meals model in Australia inside the subsequent few years. Angel Meals anticipates that its Australian launch would require $1m NZD funding, and this elevate would be the first stage of a stepped method to make sure that they’ll maximise worth for his or her shareholders at every stage of funding.
The corporate has a present valuation of $4.6m NZD.* Angel Meals’s crowdfunding rounds in 2015 and 2019 have enabled the corporate to develop quick and set up its management place inside the plant-based meals sector whereas the class was in its infancy. To be constantly worthwhile, Angel Meals is aiming for its income to exceed $5m NZD, which they consider they’ll obtain.
*Founder and CEO of Angel Meals, Alice Shopland, mentioned: “We’re excited to supply potential buyers the chance to assist our purpose-led model. Regardless of a number of powerful years, we’re nonetheless #1 in retail and stay New Zealand’s main plant meals model. Our buyers will assist us to proceed our optimistic trajectory, whereas giving us the assets we have to develop and evolve the enterprise to ship the best influence. Now greater than ever, we stay dedicated to our mission of making it simpler for extra folks to decide on plant-based meals extra typically. The place different plant-based classes – like milks, yoghurt, and ice cream are mature and crowded, plant-based cheese continues to be in its infancy – there continues to be a number of room for development. Now we have nice distribution in Aotearoa, and we need to share our vary of scrumptious plant-based merchandise with the world, beginning with Australia.”
MAYO CHEESE SAUCE RECIPE FROM ANGEL FOOD
½ C vegan mayo
½ C plant-based milk
½ C Angel Food plant-based cheddar, grated
Salt to style
- Soften all components collectively. You’ll be able to mix with a stick blender or in a meals processor for a super-smooth consequence.
- Style for seasoning and add salt as desired.
- Serve scorching.