The Modern Milkman announced securing a new funding round led by Insight Partners.
The Modern Milkman, a Manchester, UK-based groceries e-commerce provider, announced closing a deal for getting a new capital raise in the company.
Proceeds will be used for geo expansion and tech infrastructure improvements.
The Modern Milkman (TMM), founded in 2018 by CEO Simon Mellin, started out as a milk delivery service and now sells a whole range of groceries from independent and local suppliers directly to customers’ doorsteps in returnable and reusable packaging.
The company employs approximately 150 headquarters staff and more than 300 milkies, operating in Lancashire, Yorkshire, Manchester, Stafford and Merseyside.
The Modern Milkman raised £5 million from ETF Partners in January 2021.
The company is one of the many online grocery startups from Europe funded by venture money.