Novish

Completed Date

2021-01-14

Sector

Consumer

Deal Type

Fundraising

Value

Not disclosed

Company bio

Novish develops, produces and commercializes plant based seafood products for the global retail and foodservice markets. These products are based on natural ingredients, 100% vegan and do not contain soy. The existing product range consists of coated products such as burgers, bites/nuggets, filets and sticks/fingers. Recently, tuna flakes were added to the range. Novish plant based products offer a tasty, healthy and sustainable alternative.

Deal Summary

During its 1st full year, it became clear very quickly that the opportunities for Novish are significant. The market for plant based products is growing rapidly and it is only just starting for seafood alternatives. Therefore, it was necessary to seek investment in order to fully capitalize on these opportunities. The QSR Platform (Kharis Capital) has been the main subscriber of the 1st funding round of Novish. QSRP is a quick-service restaurant platform under the umbrella of Kharis Capital. It currently controls 1,000 restaurants over four brands (Burger King, Quick, O’Tacos, Nordsee) in seven key countries including Italy, Belgium, Luxemburg, France and Poland. Ref. encl press release.

The Novish founders, Paul den Dulk, Katja Busser and undersigned are thrilled that we can now accelerate the growth trajectory which has been put in motion throughout 2020. We would like to thank all of you for your positive and encouraging feedback. Finally we want to express our appreciation of the Oxeye team (Daniel Fryns and Thom van der Linde) for their relentless efforts during 2020 to find the most appropriate funding for Novish.

Deal Contacts

Daniel Frijns

OXEYE Advisors is the exclusive Benelux partner of Mergers Alliance

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