Biomel to focus on expanding capacity for gut-health boosting products after investment
Biomel, which produces plant-based gut-health products, is expanding its capacity after an investment by IRIS Ventures. The brand, which produces probiotic and prebiotic drinks and cereal bars, wants to grow.
After an investment of £5.5mn, Biomel is focusing in expanding its West London-based production facility, with a boost in R&D.
“We have an exciting innovation pipeline. We are increasing R&D investments to enhance our leadership in plant-based gut health and deliver novel solutions that support digestive and immune health,” Steven Hegarty, Co-founder and CEO of Biomel, told FoodNavigator.
“We are expanding capacity to meet soaring demand for our products. Sales have grown at a compound annual rate of 80% since launch of our products. We are anticipating demand to more than double next year.”
Image Source: Biomel