Food startup Sessions announces $10 million Series A round
Sessions, a startup which provides UK foodie entrepreneurs with a platform to sell their products, has raised $10 million in a Series A round.
Founded by Dan Warne, formerly MD of Deliveroo, CFO Ian Banks, formerly CFO of Soho House, and leisure industry specialist Chairman, Graham Turner, Sessions has secured the cash from a syndicate of investors led by Guinness Asset Management.
The business comprises physical consumer facing locations (the Shelter Hall in Brighton being the first of several planned), delivery kitchens and an accelerator model.
Sessions currently partners with such brands as Lost Boys Chicken, SoBe Burger and Oxblock.
And it works with over 50 kitchens nationwide, where customers can order from the range of food brands that it has teamed with.
The investment raised will help the company with its aim of partnering with 15 more chefs and opening 500 more kitchens within the next 12 months. It will also be used to expand its team.
Warne comments: “We are proud to take investment from such a forward thinking, collaborative fund as Guinness. Our purpose is to be a voice for the independents, championing change and empowerment, and it’s great to see our new partners entirely bought into that mission.”
Ashley Abrahams of Guinness comments: “We are very excited by this investment and Session’s mission, which is made even more compelling by the quality of the team behind it.”
“True disruptors in the hospitality sector, the hybrid physical and digital model of Sessions is of intense interest to us and we’re looking forward to watching our partnership grow.”