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Quorn secured £18 million ($24 million) from its parent company to support its turnaround efforts. This funding aims to enhance Quorn's growth and market presence.

Jul 24, 20259 days ago

Amount Raised

$24 Million

StokesleyFood ProcessingFood and BeverageRetail

Investors

Filipino Parent Company

Description

Mycoprotein pioneer Quorn has successfully secured an £18 million ($24 million) investment from its Filipino owner. This influx of capital is intended to support the company's turnaround efforts and growth strategy. The funds will be used to bolster Quorn's position in the competitive food market. This funding round reflects the growing interest in plant-based protein solutions.

Company Information

Company

Quorn

Location

Stokesley, North Yorkshire, United Kingdom

About

Quorn Foods is a pioneering food company that believes we all need to make changes to what we eat. The obesity epidemic’s growing burden of disease, and the impacts of the accelerating climate crisis mean that we need to rethink our diets and in particular the sources of protein we choose. Since 1985, via our brands Quorn and Cauldron, we have been providing delicious food that is healthy for both the planet and its people, with protein cultivated from non-animal sources. Our 2030 ambition is to be a net positive business that provides 8 billion servings of food every year, the equivalent of one serving for every person on planet Earth.

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