Sweden
Sproud is a plant-based dairy startup founded in 2018 in Malmö, Sweden. In 2022, the company achieved a turnover of 36 million SEK, with a presence in over 30 countries including the Nordics, the UK, Europe, USA, Canada, and Asia. The company's flagship product, THE ALT-ALT M*LK, is positioned as a low-sugar, high-protein alternative with a reduced climate impact compared to other plant m*lks.
One of Sproud's milestones was becoming the first food company verified according to ISO 26000 in 2023, emphasizing its commitment to sustainable and socially responsible practices. This demonstrates its focus on not only delivering an innovative product, but also doing so in a way that aligns with global standards for ethical business conduct.
Sproud's growth journey has seen a £4.80M Venture Round investment led by VGC Partners on 24 January 2021, showcasing investor confidence in the company's vision and potential within the Food and Beverage industry. The company's capacity to capture a substantial market share and innovate sustainably positions it as a compelling venture for potential venture capital investment.
