Contact 15/01/2021 Pembroke VCT exits its investment in Pasta Evangelists News / Pembroke VCT exits its investment in Pasta Evangelists Majority stake in innovative pasta delivery business acquired by Italian food giant Pembroke VCT, the venture capital trust focused on building the consumer brands of tomorrow, has successfully exited its investment in Pasta Evangelists, which delivers restaurant-quality pasta direct to customers by post. The innovative meal kit business has agreed a deal whereby Italian firm, Barilla Group, will acquire a majority stake. The value of the deal is undisclosed. Since 2016, Pasta Evangelists has been delivering boxes of fresh, high quality pasta across the UK, to enable customers to prepare five-star homemade dishes in five minutes, using only the freshest ingredients, and Italian where possible. Pembroke VCT invested £2million in Pasta Evangelists in January 2020. Since then, the home delivery sector has thrived during the pandemic, as consumers have sought interesting ways to cook at home during lockdown. Pembroke VCT has sold its stake in Pasta Evangelists as part of the deal with Barilla. The exit represents a 2.3x return in the twelve months since Pembroke initiated its investment. Andrew Wolfson, CEO of Pembroke commented; “Pasta Evangelists is a success story for UK entrepreneurship. Pembroke backs exceptional founders and this outcome demonstrates that innovative companies with strong leadership can flourish in even the most challenging of times. This is an exciting start to the next chapter for Pasta Evangelists and we wish it every success in the future.” Press Office Zoe Powell e: zpowell@sharecomms.co.uk dd: 020 7071 3932 m: 07866 639014 Sarah Plevnik e: splevnik@sharecomms.co.uk dd: 020 7074 3571 m: 07789 725585 More News Filter by 19/11/2021 Half-yearly Report for the six months ended 30 September 2021 The Directors are pleased to attach the Company’s Half-yearly Report for the six months ended 30 September 2021. Click on, or paste the following link into your web browser, to view the associated PDF document. https://pembrokevct.com/wp-content/uploads/2021/11/Pembroke-Interim-RA-2021.pdf The Half-yearly Report may also be downloaded from the Company’s website at https://pembrokevct.com/current-offer/ For further information, please contact: Andrew Wolfson […] 22/10/2021 Pembroke VCT is lead investor in £2.6m JustWears fundraise The company making functional, sustainable, high-quality basic wear. Pembroke VCT, the venture capital trust focused on backing early-stage businesses with exceptional founders and management teams, has invested £2m into JustWears, the men’s basic wear brand focused on comfortable, sustainable and high-performance fabrics. JustWears was launched in 2018 by co-founders Yang Liu and Alex Walsh to […] 05/10/2021 Pembroke VCT invests £1m into food delivery disrupter Peckwater Brands Data driven, delivery-only virtual food brands increasing revenue for local restaurants Pembroke VCT has invested £1m into Peckwater Brands, the creator of data-driven virtual food brands, which develops delivery-only, fully-serviced food concepts to increase revenue for existing restaurants, its franchisees. Launched by co-founders Leo Bradshaw and Sam Martin in June 2020, Peckwater’s solution allows independent […] 04/10/2021 Results of Annual General Meeting Pembroke VCT plc (the ”Company”) At the Annual General Meeting of the Company held on Thursday 30 September 2021 at 9.00am, the following resolutions were duly passed. Ordinary Resolutions To receive the Directors’ and the Independent Auditor’s Reports and the Company’s Financial Statements for the year ended 31 March 2021. To approve a final dividend […] © 2021 PembrokeVCT. All Rights Reserved Explore About Team Portfolio Founder Stories Seeking funding Current Offer Investors News Contact Legal Privacy Policy Cookies Legal Information Risks Contact us +44 (0) 20 7766 6900 info@pembrokevct.com instagram twitter LinkedIn new server Cookie Control Your choice regarding cookies on this site We use cookies to optimise site functionality and give you the best possible experience. AcceptCookie Preferences