BDO advises The Turmeric Co. on Series A fundraiser
BDO advises The Turmeric Co. on Series A fundraiser
The Turmeric Co. has closed a Series A funding raise, after attracting investment for growth from a number of high-profile investors including comedian and TV presenter, Joel Dommett, with Rubicon Drinks confirmed as a cornerstone investor.
The fundraise was supported by BDO LLP and Pinsent Masons who advised The Turmeric Co. on this funding round. The capital invested will go towards exploding global expansion, further developing the brands retail proposition and investing into marketing, which has been very limited to date.
Former Wales international and Premier League footballer, Thomas Hal Robson-Kanu, founded the company after finding turmeric shots invaluable in recovering from a potentially career-ending knee injury. Despite being prescribed medication from doctors, Thomas had severe inflammation and chronic pain whenever he played, so began to research alternatives with his dad. Research led to raw ingredients with anti-inflammatory properties including pomegranate, ginger, and turmeric as a more natural approach to relieving symptoms. This discovery enabled Thomas to return to football stronger and healthier than ever before, as well as inspiring the launch of The Turmeric Co., which he did alongside playing. Now with run-rate revenues of more than £5m, The Turmeric Co. has established a unique position in the market through its effective, fuctional product range supported by clinical research. Made with raw ingredients, the nutritionally dense drinks range of turmeric shots are a convenient and great tasting way to support wellness-conscious individuals and sportspeople.
Tangibly making a difference to customer health, growth to date has been underpinned by monthly recurring subscriptions, UK-wide placement in David Lloyd Clubs and strategic partnerships with sports teams such as Everton F.C., Premiership Rugby team Sale Sharks and British Gymnastics.
Founder and CEO, Thomas Hal Robson-Kanu, said: “We’ve achieved significant traction to date, but the opportunity for growth is huge. We’ve developed a range of drinks which are endorsed by nutritionists, backed by athletes and supported by clinical trials. We have hand-picked a number of strategic investors to support the global growth of the brand, and we can’t wait to explode the growth of the brand and to positively impact the wellbeing and health of millions of people globally.”
Lorna Hopkinson at BDO added: “Thomas and the team have built a remarkable brand which has significant potential to scale. The calibre of investors taking part in this round is testament to the excitement around the business and we look forward to supporting the team as they go to the next level.”
ENDS
The fundraise was supported by BDO LLP and Pinsent Masons who advised The Turmeric Co. on this funding round. The capital invested will go towards exploding global expansion, further developing the brands retail proposition and investing into marketing, which has been very limited to date.
Former Wales international and Premier League footballer, Thomas Hal Robson-Kanu, founded the company after finding turmeric shots invaluable in recovering from a potentially career-ending knee injury. Despite being prescribed medication from doctors, Thomas had severe inflammation and chronic pain whenever he played, so began to research alternatives with his dad. Research led to raw ingredients with anti-inflammatory properties including pomegranate, ginger, and turmeric as a more natural approach to relieving symptoms. This discovery enabled Thomas to return to football stronger and healthier than ever before, as well as inspiring the launch of The Turmeric Co., which he did alongside playing. Now with run-rate revenues of more than £5m, The Turmeric Co. has established a unique position in the market through its effective, fuctional product range supported by clinical research. Made with raw ingredients, the nutritionally dense drinks range of turmeric shots are a convenient and great tasting way to support wellness-conscious individuals and sportspeople.
Tangibly making a difference to customer health, growth to date has been underpinned by monthly recurring subscriptions, UK-wide placement in David Lloyd Clubs and strategic partnerships with sports teams such as Everton F.C., Premiership Rugby team Sale Sharks and British Gymnastics.
Founder and CEO, Thomas Hal Robson-Kanu, said: “We’ve achieved significant traction to date, but the opportunity for growth is huge. We’ve developed a range of drinks which are endorsed by nutritionists, backed by athletes and supported by clinical trials. We have hand-picked a number of strategic investors to support the global growth of the brand, and we can’t wait to explode the growth of the brand and to positively impact the wellbeing and health of millions of people globally.”
Lorna Hopkinson at BDO added: “Thomas and the team have built a remarkable brand which has significant potential to scale. The calibre of investors taking part in this round is testament to the excitement around the business and we look forward to supporting the team as they go to the next level.”
ENDS
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Accountancy and business advisory firm BDO LLP provides integrated advice and solutions to help businesses navigate a changing world. The organisations we work with are Britain’s economic engine –entrepreneurially-spirited, high-growth businesses that fuel the economy. We understand the ambitions and entrepreneurial mindset of those we work with and have the global reach, integrity and expertise to help people and businesses succeed. BDO LLP BDO LLP operates in 17 offices across the UK, employing 7,500 people offering tax, audit and assurance, and a range of advisory services. BDO LLP is the UK member firm of the BDO international network. BDO’s global network The BDO global network provides business advisory services in 164 countries and territories, with 111,300 people working out of 1,803 offices worldwide. It has revenues of US$12.8bn. |
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