Tiba Tempeh Secures £1 Million Investment from Maven
Deal News | Mar 10, 2025 | Maven Capital Partners
NPIF II - Maven Equity Finance has invested £1 million in Tiba Tempeh, a rapidly expanding plant-based food company. This funding will help Tiba Tempeh to boost its marketing, increase sales, and develop new products, which are set to be launched in 2025. Founded in 2019 by Alexandra and Ross Longton, Tiba Tempeh is a B-Corp that offers natural, organic, and high-protein tempeh products that align with growing consumer preferences for healthier and less processed food options. With its headquarters in Newcastle, the company is poised for further expansion in the UK and Europe as demand for meat-free alternatives surges. The investment reflects Maven's commitment to nurturing high-potential businesses and driving regional growth, evidenced by its support of various innovative companies. Tiba Tempeh's success highlights the increasing market trend towards plant-based nutrition.
Sectors
- Plant-Based Foods
- Private Equity
Geography
- United Kingdom – Tiba Tempeh is headquartered in Newcastle, and the investment by Maven aims to support its expansion in the UK market.
- Europe – Tiba Tempeh plans to expand its market presence across European countries, aided by Maven's investment.
Industry
- Plant-Based Foods – Tiba Tempeh operates within the plant-based food industry, offering meat-free, nutrient-rich products in response to rising consumer demand for sustainable and healthy food options.
- Private Equity – Maven Capital Partners, through its NPIF II Maven Equity Finance, is a key player in providing growth capital to promising companies, exemplified by their investment in Tiba Tempeh.
Financials
- £1,000,000 – The investment amount provided by Maven to support Tiba Tempeh's growth and product development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tiba Tempeh | Target Company | Company | A plant-based food company offering natural, organic tempeh products, founded by Alex and Ross Longton. |
| Maven Capital Partners | Bidding Company | Company | A private equity firm providing growth capital, investing £1 million in Tiba Tempeh through NPIF II Maven Equity Finance. |
| Alexandra Longton | CEO and Co-Founder | Person | CEO and Co-Founder of Tiba Tempeh, instrumental in leading the company's growth. |
| Ross Longton | Co-Founder and Marketing Director | Person | Co-Founder and Marketing Director at Tiba Tempeh, responsible for driving marketing efforts. |
| Rebecca MacDermid | Investment Manager | Person | Investment Manager at Maven who expressed confidence in Tiba Tempeh's potential. |
| Sarah Newbould | Senior Investment Manager | Person | Senior Investment Manager at British Business Bank, supporting growth-focused investments. |