Nutrivend Secures £150k in Funding

Nutrivend, a Llantrisant, Wales, UK-based sports nutrition company, secured a £150k loan from Tata Steel subsidiary UK Steel Enterprise.

The company will use the funds to continues to expand its services around the UK, set up an online ecommerce sales platform, and advance touch-screen vending and other technical innovations in their products.

Launched in 2012 by former Welsh rugby internationals Scott Morgan and Barry Davies, Nutrivend supplies gyms with vending machines stocking a range of branded, top quality sports nutrition products for clients such as The Gym Group and Xercise4less.
The company, which aims to double turnover to £6.5m over the next three years, received a substantial investment 12 months ago from Development Bank of Wales (then Finance Wales) and existing shareholders, to increase storage capacity and staff levels.



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