Market Leads & Opportunities
Sports nutrition business secures funding for expansion
A sports nutrition business run by two former Welsh rugby stars has secured a £650,000 equity investment from Finance Wales to support its expansion plans.Ex-Cardiff Blues and Newport Gwent Dragons lock Scott Morgan started Nutrivend with a £50,000 loan from Finance Wales and investment from a Xénos business angel.The company, which also has former Welsh rugby player Barry Davies on board, supplies gyms across the UK with vending machines stocking branded sports nutrition items for clients such as The Gym Group and Xercise4less.It has now secured follow-on equity and mezzanine investment from Finance Wales.
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