Modern Milkman

Modern Milkman, the Manchester-based sustainable grocery delivery business, has successfully raised £10 million in investment from Salica Investments. This latest funding round brings the company's total capital raised to over £60 million, earmarked for the continued expansion of its doorstep delivery model and the development of a broader logistics and services platform across the UK.

Summary of transaction details:

• Value: £10 million (taking total funding to £60 million)
• Sector: Sustainable Grocery Delivery, EnviroTech, RetailTech
• Advisor: Not disclosed
• Key Entities: Modern Milkman (Target), Salica Investments (Investor)
• Location: Manchester, UK (Target); London, UK (Investor)

Note: This investment marks Salica's first direct-to-consumer deal from its Growth Debt Fund, highlighting a strategic focus on backing scale-up strategies and long-term sustainability within the circular economy. The funding will enable Modern Milkman to enhance its existing delivery infrastructure, roll out integrated services, and cater to growing consumer demand for low-waste, convenient household solutions.