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.
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.
-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.