"Modern Milkman has secured a £10 million investment to accelerate growth across the UK, expand its US footprint and develop new sustainable doorstep services, taking its total funding to more than £60 million. The Manchester-based business said the funding will support the continued evolution of its doorstep delivery model, as it builds out a broader logistics platform designed to make sustainable grocery shopping easier and more convenient for households. The investment comes from Salica Investments, marking the first direct-to-consumer business backed by Salica's Growth Debt Fund."
"Founded in 2019 by Simon Mellin, Modern Milkman now delivers to more than 100,000 households across the UK, supplying milk and groceries in reusable packaging. The company expanded into the US in January 2024 through a strategic acquisition and currently operates in Connecticut, Massachusetts, Rhode Island, Ohio and New York. Mellin said the investment would allow the business to move beyond its original milk round concept and introduce a new generation of integrated services."
""Modern Milkman has built a strong, distinctive and convenient offering for households across the UK," he said. "This timely investment from Salica enables us to go beyond customer expectations and unlock a broader range of integrated doorstep services. Our growth and customer satisfaction show there is clear demand for sustainable alternatives. With this backing, we're well positioned to scale while helping households reduce their environmental impact.""
Modern Milkman received a £10 million investment, bringing total funding to over £60 million, to accelerate UK growth, expand its US footprint and develop sustainable doorstep services. The funding will support evolution of the doorstep delivery model and build a broader logistics platform to make sustainable grocery shopping easier and more convenient for households. The investment came from Salica Investments and marks the first direct-to-consumer business backed by Salica's Growth Debt Fund, reflecting investor confidence in circular-economy models. Founded in 2019 by Simon Mellin, Modern Milkman serves over 100,000 UK households, uses reusable packaging, and now operates in multiple US states following a January 2024 acquisition. The company plans to leverage existing delivery infrastructure to add integrated services that reduce waste and emissions while improving customer convenience.
Read at Business Matters
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