Young Manchester trio secure investment of £110,000 and set sights on America
Following a stellar first year in business selling over 10,000 bottles equaling over 600,000 gummies in the first year, the young entrepreneurs, have now set their sights on the American market. Their success has attracted the attention of FYG Syndicate Limited, a recently formed angel investment company, led by Philip Jones & Jon Kalmar, who have made a significant investment in the business. This month Yumi took up 1,100 sq ft of office space in North Manchester with plans to grow their team and expand their product line with an additional 6 products ready for market in early 2019 - when they are already on course for £1,000,000 turnover.
Manchester based nutrition supplement startup Yumi was founded under two years ago by friends, fitness and nutrition enthusiasts Sebastien Vanderlinden, Adam Barker & Joshua Margetts after spotting a gap in the market for chewable gummy vitamins and supplements. Whilst all still working full-time jobs the friends took a chance on their first two products, sleep and multivitamin gummies - which proved popular enough to spur the trio into quitting their jobs and broadening the product offering to include a hair and probiotic gummy.
Sebastien Vanderlinden, CEO said
“It’s been an incredible 18 months in business so far, especially the last few months, from moving into our own office space and partnering with our new investors. The investment is going to allow us to grow at a much quicker pace, not only building out our product line but to move faster into the American market - which has always been our dream. 1$ out every 3$ spent on the global supplements and vitamin market is spent in America so the opportunities for growth are huge. We’re all extremely excited for what this next part of our journey holds.”
This was posted in Bdaily's Members' News section by Alice Woods .