Tesco backs Henry Dimbleby's £100M food venture fund
What's the deal? TescoDealroom has a profile for this one. Try Dealroom →, Britain's biggest food retailer, has committed £20 million ($26.5 million) to The Bramble Fund IDealroom has a profile for this one. Try Dealroom →, a venture capital fund launched by Leon RestaurantsDealroom has a profile for this one. Try Dealroom → co-founder Henry Dimbleby. The fund is targeting £100 million and will back companies making food healthier, more sustainable, and more affordable.
Who's backing it? The fund's first close also drew support from business leaders including former Schroders chief executive Peter Harrison and Adam Wells, co-founder of ingredients business Belazu.
Who's behind it? Dimbleby, who authored the UK government-commissioned National Food Strategy, established the fund. Its first investment is KluraLabs, a British technology company whose packaging helps keep food fresh for longer.
What's the endgame? Under a Tesco-Bramble partnership, promising businesses can test products and services across Tesco's supply chain, with support to scale the most successful ventures.
The signal: A major retailer wiring its supply chain directly into an early-stage fund gives food startups something rare — a route to market alongside the capital. It signals growing appetite to fix affordability, health, and sustainability through venture bets rather than shelf space alone.
Image credit: SodanieChea
