
Tossed
On a mission to show healthy eating isn't boring.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
investor investor investor | €0.0 | round | |
N/A | £1.3m | Early VC | |
Total Funding | 000k |
GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | 14 % | (7 %) | 42 % | 5 % | - | 8 % | - |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | (6 %) | (1 %) | (1 %) | - | - | - | - |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | (2 %) | (16 %) | (6 %) | - | - | - | - |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
R&D % of revenue | 58 % | 89 % | - | - | - | - | - |
Source: Company filings or news article, Dealroom estimates
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Tossed, a London-based healthy-eating chain, was established in 2005 by Vincent McKevitt. McKevitt, a former management consultant with PricewaterhouseCoopers, identified a gap in the market for fresh, made-to-order healthy food after finding limited options while working in the City of London. His vision was to create a food retail brand that was not only healthy but also fun and engaging.
The company operates in the fast-casual dining sector, targeting health-conscious consumers with a menu of salads, wraps, hot food, and smoothies, all prepared on-site. Tossed positioned itself as a provider of fresh, custom-made meals, allowing customers to choose their own ingredients. Revenue is generated directly from the sale of food and beverages through its physical store locations and online ordering for delivery.
A significant milestone for the company occurred in 2016 when it raised £1.3 million through a crowdfunding campaign on Seedrs, which was used to fund expansion and technological enhancements. This funding supported the rollout of cashless stores featuring self-service kiosks, aiming to improve efficiency and customer experience. In 2017, Zest Food, a franchisee of the Welcome Break service stations, acquired a majority stake in Tossed, facilitating its expansion into UK motorway services and transport hubs. However, the business faced significant challenges, leading to a pre-pack administration deal in 2020 where the assets were sold to a new entity, officially dissolving the original company in May 2023.
Keywords: healthy eating, fast-casual dining, food retail, made-to-order salads, cashless kiosks, restaurant chain, corporate catering, fresh food, grab-and-go, London food scene