UK hemp milk producer Gaia’s Farming Co. has raised £500,000 in seed funding. The raise follows a £200,000 pre-seed round last year.
Gaia says it will use the funding to “keep building and keep innovating in the hemp space”, with a particular emphasis on expanding its team.
Furthermore, the brand recently partnered with Pledge 1%, a global movement encouraging companies to donate a proportion of their staff time, product, and/or profit to a charity of their choice. Gaia will be pledging 1% of both its sales and its time.
“I believe the Food & Beverage category has the greatest opportunity to disrupt the hemp space,” said Gaia’s CEO Michael Kyriakou. “Truly untapped with great potential for innovation. There obviously comes great barriers that anyone in the hemp space can testify to, but what gives me the greatest pride is building a team to spearhead that innovation and change. After all, it’s in our hands.”
