BDO advises The Turmeric Co. on a Series A fundraise

Deal typeM&A
IndustryRetail & Consumer
Sub-industryConsumer & Retail
The Turmeric Co. is a fast-growing producer of the highest quality, clinically backed, turmeric-based functional beverages. The Turmeric Co. has established a unique position in the market through its effective, functional product range supported by clinical research. Made with raw ingredients, the nutritionally dense range of turmeric shots are a convenient and great tasting way to support wellness-conscious individuals and sportspeople. Tangibly making a difference to customer health, growth to date has been underpinned by monthly recurring subscriptions, UK-wide placement in David Lloyd Clubs and strategic partnerships with sports teams such as Everton F.C., Premiership Rugby team Sale Sharks and British Gymnastics. The business has also launched nationwide across the Sainsbury’s retail estate and is exploring more avenues for retail roll outs globally.

Founder and CEO, Thomas Hal Robson-Kanu, said: “We’ve achieved significant traction to date, but the opportunity for growth is huge. We’ve developed a range of drinks which are endorsed by nutritionists, backed by athletes and supported by clinical trials. We have hand picked a number of strategic investors to support the global growth of the brand, and we can’t wait to explode the growth of the brand and to positively impact the wellbeing and health of millions of people globally.”

Lorna Hopkinson at BDO added: “Thomas and the team have built a remarkable brand which has significant potential to scale. The calibre of investors taking part in this round is testament to the excitement around the business and we look forward to supporting the team as they go to the next level.”

Thomas Hal Robson-Kanu commented “It has been an incredible experience working with Lorna, Laura and the entire BDO team through the first ever investment round into The Turmeric Co. having been fully bootstrapped to this point. Jumping straight into a Series A round meant that the level of investor was different to “friends & family” type investors, which meant it was imperative we have both an extremely well-prepared proposition supported with an extremely robust financial model. BDO supported from start to finish and allowed us to continue to run the operations of the business while also running and completing a successful series A round at the same time. At all times they truly wanted and delivered what was best for us and we are excited to embark on this next phase of our journey with their continued support.”