Investment house IW Capital has announced a £5 million investment in premium cold-pressed juice and functional drinks business, Daily Dose.
IW Capital’s investment will help Daily Dose to expand its production facilities and will support the procurement of machinery to increase capacity and drive efficiency improvements.
According to IW Capital, UK-based Daily Dose is the country’s fastest-growing cold-pressed juice and functional drinks business with sustainability at its core.
Daily Dose partners with British farmers taking waste produce that would otherwise be thrown away, and turning it into cold-pressed juice sold under the Daily Dose brand and through private label contracts with “high-profile” retailers.
Luke Davis, CEO of IW Capital, said: “At IW Capital, we are drawn towards entrepreneurs who are disrupting their industries, and Daily Dose is a prime example of this. The company is sustainable and forward-thinking, and we are excited to be backing Daily Dose as they continue to grow and expand their facilities.”
All production takes place at Daily Dose’s site in Cambridgeshire, UK, where it utilises high-pressure processing that increases shelf life and maintains taste and nutritional value.
George Hughes-Davies, founder and director of Daily Dose, added: “From the business’ early days in my parents’ house in 2016, to now our own site in Cambridgeshire, Daily Dose has grown significantly; we play an important role in produce sustainability. We would like to thank IW Capital for its support as Daily Dose continues to grow.”
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