London-based nappy brand Peachies has secured £1.4 million, led by Anotherway Ventures and Antler. The investment will help Peachies grow its team and expand into new markets across Europe.
- Established in 2023 by Rima Suppan and Morgan Mixon, PEACHIES offers environmentally friendly nappies on a subscription basis. The company, which has B Corp. Pending status, aims to further enhance the environmental sustainability of their products. The B Corp Certification is granted to companies with at least twelve months of operation, based on verified practices and policies from the past year, allowing start-ups and smaller companies time to prepare for full certification.
- According to Climate KIC, Peachies' nappies will save 93 tons of CO2 for every 1,000 babies wearing them and are now available in the UK through a website subscription service, allowing parents to purchase and receive their nappies directly to their homes.
Details of the deal
- The investment in Peachies was led by Anotherway Ventures, a venture capital firm that supports startups combining arts and science, and Antler, a Singapore-based venture capital firm partnering with people across six continents to launch and scale high-potential startups.
- The funding round also saw participation from business angels, including the founders of the children’s bicycle brand Woom and a former senior leader at Kimberly-Clark, the owner of Huggies.
- With the fresh capital, Peachies plans to enter new markets in Europe and expand its team.
