THIS™
Financials
Estimates*
GBP | 2021 | 2022 |
---|---|---|
Revenues | 11.7m | 13.0m |
% growth | - | 11 % |
EBITDA | (5.9m) | (9.6m) |
% EBITDA margin | (50 %) | (74 %) |
Profit | (6.0m) | (9.4m) |
% profit margin | (51 %) | (72 %) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
£900k | Seed | ||
N/A | £500k | Angel | |
$1.0m | Seed | ||
£4.7m | Seed | ||
£4.5m | Convertible | ||
* | £11.0m | Series A | |
* | £5.7m Valuation: £150m 12.8x EV/LTM Revenues -25.5x EV/LTM EBITDA | Series B | |
* | £10.0m Valuation: £150m 11.5x EV/LTM Revenues -15.6x EV/LTM EBITDA | Series B | |
* | £1.5m Valuation: £150m 11.5x EV/LTM Revenues -15.6x EV/LTM EBITDA | Media For Equity | |
* | £1.3m | Convertible | |
* | £12.0m Valuation: £50.0m | Series C | |
* | N/A | £8.0m | Secondary |
Total Funding | $69.7m |
Related Content
Recent News about THIS™
EditTHIS is a pioneering company in the plant-based food sector, offering a range of vegan meat alternatives that closely mimic the taste, appearance, and texture of real meat. Founded in 2019 by two former meat lovers who previously ran a beef restaurant chain, THIS aims to cater to meat enthusiasts who are looking for high-protein, plant-based options without compromising on flavor or experience. The company operates in the rapidly growing plant-based food market, targeting health-conscious consumers, vegetarians, vegans, and flexitarians who are reducing their meat consumption for health, ethical, or environmental reasons.
THIS generates revenue through the sale of its plant-based products, which are available in supermarkets, online platforms, and various food service outlets. The business model focuses on creating high-quality, innovative products that appeal to a broad audience, leveraging their founders' expertise in the food industry to ensure superior taste and texture.
Key to their success is their commitment to product development and consumer engagement, often using humor and transparency in their marketing to build a loyal customer base.
Keywords: plant-based, vegan meat, high-protein, meat alternatives, taste realism, food innovation, flexitarians, health-conscious, ethical eating, environmental sustainability.