Peckwater Brands Raises £15M in Funding
Summary
Peckwater Brands, a London, UK-based developer of a technology platform that enables kitchen operators to succeed at delivery, raised £15m in Series A Seed funding. The round was led by Stonegate Group with participation from SoftBank Investments (SBI), Fuel Ventures and Pembroke VCT. The system helps restaurants and kitchens streamline the process of embracing virtual brands and multiple-franchise solutions. The business operates a mix of licensed brands spanning several categories including chicken (Seoul Chikin, Flip the Bird, Wham Bam Wings, Katsu), burgers (Dukes, Proper Tasty) and have also run shared brands with partners such as Unilever, Buzzfeed, and Heinz. This latest funding, which follows a £3m seed round in October 2021, brings the business’ post-money valuation to £65m.