Buymie, a Dublin, Ireland-based same-day grocery delivery company, raised an extra €5.8m in new funding.
Wheatsheaf Group, the food and agriculture investment arm of the Grosvenor Estate, joined as a new investor with participation from existing shareholders Act Venture Capital, Sure Valley Ventures, Haatch Ventures, HBAN, as well as Keith Weed, former Chief Marketing and Communications Officer for Unilever, and Scott Weavers Wright former Managing Director of Morrisons.com.
The company, which has raised €8m in total funding, intends to use the capital for rapid expansion across the UK and Ireland, first in Bristol with 15 other UK cities currently being considered, and focus on its mission of reducing the environmental impact of grocery shopping. Initiatives include limiting the use of secondary plastic packaging, reducing private car journeys, as well as designing incentive programmes to help facilitate a switch to electric vehicles.
Founded in 2016 by serial entrepreneur Devan Hughes (CEO), and Art Sokhikyan (CTO), Buymie is a same-day grocery delivery company focused on reducing the environmental impact of grocery shopping. The company works closely with retail partners including Lidl and The Co-op to help provide a unique same-day ‘concierge’ delivery service to their customers. Its flagship partnership with Lidl has enabled value-conscious consumers in Ireland to access same day grocery delivery. Buymie has just launched in the UK. The service is initially available in the Bristol metropolitan area in partnership with The Co-op and other UK retailers. The company has operations in the UK, Ireland and Armenia.
FinSMEs
15/06/2020