Bone broth brand Freja secures £2m investment from Harry Kane and more

Bone broth brand Freja has announced a new £2m fund raise. The brand, which was founded by husband and wife team Jess Higgins and Ed Armitage in March 2020, has seen significant success since launch growing at 400 per cent per year and selling 1 million units to date.

The raise, which signals the increasing recognition of Bone Broth as a “foundational nutritional product”, has attracted investment from high profile sports figures Harry Kane and Alistair Brownlee.

The raise sees FMCG industry leaders Paul Polman (Unilever) and Giles Brook (Innocent & Vita Coco), and brand founders Joanna Jensen (Child’s Farm) and Sally Preston (Kiddylicious), investing alongside institution investors including Active Partners, Founders Capital, Syndicate Room and Mint Ventures.

The funds are set to fast-track the brand’s mission to become Europe’s No.1 Bone Broth brand, driving international expansion and supporting the launch of NPD, as well as bolstering the team. Closed this week, this is the second investment round for Freja, which has a revenue forecast of £6m for the current financial year (2023-2024).

On a mission to bring back bone broth as a household staple, Freja prides itself on a product range that is made from entirely natural ingredients, with a “delicious homemade-style flavour”, and a 24 month shelf-life. Packed with protein and collagen, the broths are a rich source of amino acids and minerals such as calcium and magnesium.

Bone broth is sought after by wellness-focused consumers for a multitude of health concerns, including gut health, immune system support, fertility and menopause symptoms, and by beauty consumers for improving skin quality and strengthening hair and nails thanks to the rich collagen content of Freja bone broth.

Investor Harry Kane commented: “The natural health benefits of bone broth are undeniable and as someone with a keen interest in health and nutrition, Freja felt like the perfect investment opportunity for me.

“It’s clear that bone broth is a growing trend that’s here to stay and I’m delighted to be on the journey with such an exciting brand and one that’s leading the category.”

Founder Jess Higgins added: “This is our most significant fundraise, and one we believe will not only help us accelerate our growth here in the UK, but support our international expansion, taking us one step closer to our goal of becoming the number one Bone Broth brand in Europe.

“We have had the most phenomenal start to our journey, but it’s just the beginning for us, and to have so many incredible people on board as we embark on the next phase, demonstrates the size of the exciting opportunity ahead.”

By Matthew Neville – Senior Correspondent, Bdaily

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