Vitruvian Partners and other minority shareholders will exit their stakes, cashing out.

The fresh funding round was led by Fuel Ventures and Founders Factory.

The pre-seed saw support from SMOK Ventures and Movens Capital.

The round saw support from HTGF and Bayern Kapital as lead investors, with additional backing from AgriFoodTech Venture Alliance.

The seed round was led by Northzone, with support from Y Combinator, SSE Business Lab, and 20VC.

The round was led by Indico Capital Partners, with participation from Rabobank, Beringea, Shoe Investments, and Knight Capital.

The fresh funding of £10 million, led by Salica Investments, brings Modern Milkman’s total funding to over £60 million.

The new Fund was supported by institutional investors, media groups, family offices, industrial holdings, and legal and tax professionals.