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Goodrays raises £5m in a Series A funding round backed by Vernon Kay and Tess Daly to support its growth in the CBD market.

Jul 10, 20253 months ago

Amount Raised

£5 Million

Round Type

series a

LondonFood and Beverage

Investors

Ben SkinnerEd LeighGuinness VenturesTess DalyVernon Kay

Description

Goodrays, a London-based CBD brand, has secured £5m in a Series A funding round aimed at future growth. The investment includes support from Guinness Ventures and participation from existing and new institutional investors. The company has doubled its revenue for three consecutive years, emphasizing its commitment to improving mental wellbeing. Founder Eoin Keenan highlighted the milestone this funding represents for building a leading premium functional drinks brand.

Company Information

Company

Goodrays

Location

London, England, United Kingdom

About

Goodrays is a CBD brand dedicated to creating premium functional drinks aimed at improving mental wellbeing. Founded by Eoin Keenan, the company has experienced significant growth, doubling its revenue and profitability over three consecutive years. Goodrays strives to disrupt the food and drink industry, traditionally dominated by unhealthy options, by offering effective solutions for busy minds. With support from notable investors, including Vernon Kay and Tess Daly, Goodrays is poised for its next phase of expansion.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers