UK’s ‘Fastest-Growing’ Meat-Free Brand Tiba Tempeh Secures £1.1 Million In Funding

UK-based meat-free brand Tiba Tempeh has secured £1.1 million in funding to support its rapid expansion in the chilled meat-free category. The investment will aid in marketing, sales, and product development, with new products expected to launch in 2025. The funding round was led by Maven Capital Partners and supported by the British Business Bank, with additional funding from Perfect Redd, the investment arm of food manufacturer Samworth Brothers.

Since its founding in 2019, Tiba Tempeh has seen significant growth, with a 736 percent increase in retail sales value over the past year. The company offers a range of tempeh products in UK supermarkets, as well as expanding its presence in the European market. With consumers increasingly seeking less processed, plant-based protein options, Tiba Tempeh's minimally processed tempeh products have gained popularity.

Tempeh, a fermented soy product, has surged in popularity in the UK and Europe as consumers look for more natural and healthier meat-free alternatives. Tiba Tempeh's accessible tempeh products cater to consumers unfamiliar with the food, providing higher nutritional and protein content compared to traditional meat analogues.