Nutrivend is a Llantrisant, Wales–based sports nutrition company that supplies gyms with vending machines stocked with branded sports nutrition products. Founded in 2012 by former Welsh rugby internationals Scott Morgan and Barry Davies, it serves clients such as The Gym Group and Xercise4less. The company plans to expand its services across the UK, set up an online ecommerce sales platform, and advance touch‑screen vending and other technical innovations. Nutrivend secured a £150k loan from UK Steel Enterprise, a Tata Steel subsidiary, to support those initiatives. Twelve months earlier it received a substantial investment from Development Bank of Wales (then Finance Wales) and existing shareholders to increase storage capacity and staff. The company aims to double turnover to £6.5m over the next three years. Nutrivend provides gyms across the UK with vending machines that stock a range of branded sports nutrition items. The company was set up in 2012 and is led by former Welsh rugby players Scott Morgan and Barry Davies. Its customer base includes The Gym Group and Xercise4less. Nutrivend operates from Llantrisant and has a staff of 16. The company expected to turnover £3m in the year of the report. It plans to use new funding to recruit staff, expand storage facilities and ramp up sales of its vending machines.

Total raised

$1M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Apr 2018