With the offering, eighty-two investors acquired a 15% stake in the company.
Righteous intends to use the capital to implement its growth and development plans for the brand. The company intends to build strong sales in the UK and overseas, especially in the US, in the next 3 years.
Founded in 2010 by Gem Misa, Righteous sells “All Natural” salad dressings, which are preservative-free, gluten-free, and vegetarian.
The company’s products are listed in Harrods, Selfridges, Harvey Nichols, Whole Foods Market, Tesco, and Waitrose.