IW Capital, an investment house, has invested in the premium cold-pressed juice and functional drinks business, Daily Dose.
IW Capital has invested £5 million for the growth and further development of the company.
Daily Dose is the UK’s fastest-growing cold-pressed juice and functional drinks business with sustainability at its core.
With a farm-to-fridge ethos, Daily Dose partners directly with British farmers taking waste produce that would otherwise be thrown away and turning it into high-quality cold pressed juice sold under its own brand ‘Daily Dose’ and through private label contracts with high-profile retailers.
All production is at the company’s own site in Cambridgeshire, where it utilises high-pressure processing to increase the shelf life of the cold-pressed juice whilst maintaining taste and nutritional value.
Since launching in 2016, the company has grown its revenue to nearly £5 million and has been EBITDA positive for the last two years.
The investment from IW Capital will help in expanding production facilities and supporting the procurement of required machinery to increase capacity and drive efficiency improvements.
Luke Davis, CEO of IW Capital, said: “At IW Capital, we are drawn towards entrepreneurs who are disrupting their industries, and Daily Dose is a prime example of this. The company is sustainable and forward-thinking, and we are excited to be backing Daily Dose as they continue to grow and expand their facilities.”
George Hughes-Davies, founder and director of Daily Dose, said: “From the business’s early days in my parents’ house in 2016, to now our own site in Cambridgeshire, Daily Dose has grown significantly; we play an important role in produce sustainability. We would like to thank IW Capital for its support as Daily Dose continues to grow.”