Financials

Estimates*

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Revenues, earnings & profits over time
GBP20212022
Revenues11.7m13.0m
% growth-11 %
EBITDA(5.9m)(9.6m)
% EBITDA margin(50 %)(74 %)
Profit(6.0m)(9.4m)
% profit margin(51 %)(72 %)
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DateInvestorsAmountRound
-

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

Recent News about THIS™

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More about THIS™info icon
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THIS 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.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.