180%

Pink Albatross makes, sustainable, plant-based ice creams. Present in 3 countries and in more than 400 points of sale, the company has increased YoY revenue by 5x in the first 9 months of 2021. The company has already raised €850K in previous rounds and is looking to raise additional funding to scale.

  • Achieved revenue of €182k in the first 9 months of 2021, 5x growth vs. same period of 2020
  • Social media follower growth of 2.6x in 2021, between January and September
  • 85% preferred Pink Albatross vs our leading competitor, from a sample of 103 individuals
  • Sold in Spain, Portugal, and shortly in The Philippines

Idea

Our roots/beliefs:

Dairy ice cream can be delicious but it comes with health, environmental & ethical issues:

-65% of the global population is lactose intolerant

-Dairy is less sustainable than plant-based alternatives

-Dairy farming exploits animals

We challenged the notion of ice cream made from dairy and asked ourselves: Who says you need cream in your ice cream?

What we do:

Pink Albatross makes plant-based ice creams with natural ingredients that have all the goodness of dairy, without any of its drawbacks. We make ice cream for consumers that demand products that are healthier & kinder to the environment & animals.

Plant-based ice cream - high growth food category:

Ice cream is a €61bn global market, €21bn in Europe, expected to grow 5% until 2025.

Plant-based ice cream in Europe is valued at €325 million, expected to grow 9.2% CAGR to €500 million in 2026.

2 billion consumers prefer sustainable consumption; with 15% of the world's GHG emissions coming from animal agriculture, consuming dairy & sustainability clashes.

Traction:

-5x sales growth (Jan.-Sept. '21 vs '20)

-12m to Oct‘21, revenue €211K & EBITDA: -€372K

-Multiplied our distribution by 4x reaching 390 points of sale

-23K social media followers

-85% of consumers prefer us to the leading competitor brand (out of a sample of 103).

Use of funds:

Develop new products, hire talent and invest in sales, marketing and internationalisation.

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