Sessions has raised a further £3m from Guinness Ventures to fuel its growth, according to Sky News.
The food brand licensing platform is said to announce this week that it will use its new seven-figure backing to launch a franchising arm with brands including SoBe Burger.
Founder, and former Deliveroo executive, Dan Warne told Sky the funding came after Sessions had “navigated a tricky couple of years” and was now “delivering strong, sustainable growth”.
“Sessions is well-placed to take advantage of the increasing demand for high quality, authentic food from talented chefs across the country, at the same time supporting the wider kitchen partner ecosystem through the creation of complementary revenue streams,” Ashley Abrahams, head of origination at Guinness Ventures, added.
Last year, the business raised £3.25m from Virgin Money to invest in the development of its technology while acquiring and scaling more brands.
It follows £8.1m Series A round closed in 2022, led by Guinness Asset Management.
The food brand licensing platform grew to more than £47m in annualised sales in less than three years of operation
The business identifies food brands and scales them by launching them in existing kitchens. Unlike traditional dark kitchen models, it adopts a multi-channel approach to licensing, making its brands available on delivery platforms and to consumers in physical venues.
