'Unlock a new generation': Lancashire-founded grocery delivery service secures £10m investment
Grocery delivery service Modern Milkman has secured a £10m investment to support its expansion plans. It brings the total funding secured by the business to more than £60m.
Leveraging its established delivery infrastructure, the company plans to introduce a broader suite of integrated services. The funding comes from Salica Investments, the UK-based investment firm, marking Modern Milkman as the first direct-to-consumer business in Salica’s Growth Debt Fund portfolio.
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Founded in Colne, Lancashire by Simon Mellin in 2019, Modern Milkman now serves more than 100,000 households across the UK. In January 2024, the company expanded into the US through a strategic acquisition and currently operates across Connecticut, Massachusetts, Rhode Island, Ohio, and New York.
Mellin said: "Modern Milkman has a strong, distinctive and convenient offering for households across the UK. This timely investment from Salica enables us to go beyond customer expectations and unlock a new generation of integrated doorstep services.
"Our growth and customer satisfaction demonstrate a clear consumer appetite for sustainable alternatives. With this backing, we’re well-positioned to scale while helping households reduce their environmental impact."
Usman Ali, partner in Salica’s Growth Debt Fund, added: "Modern Milkman is a business with exceptional leadership and a clear strategy. Its commitment to sustainability and the circular economy creates long-term value while addressing global environmental challenges."