Thanks Plants founder Aisling Cullen pictured with chair Rose Hynes. Venture capitalist Redesdale has invested in the companyFood company Thanks Plants has secured an investment of €400,000 from venture capital firm Redesdale.
Redesdale Food Fund confirmed on Sunday that it has invested in the business. Neither side revealed the figure but it is understood to be about €400,000. Rose Hynes will join Thanks Plants’ board as chair. Ms Hynes sits on several boards. She chairs the Irish Aviation Authority and Origin Enterprises while she is a director of fresh fruit giant, Dole plc. Jacqui Marsh, a founder of The Butlers Pantry, is also on the board.
Ms Cullen noted that Redesdale shared her plan to establish an international business. “The demand for meat alternatives is growing rapidly with a compound annual growth rate of 7.3 per cent in the UK,” she noted.