About The Modern Milkman
The Modern Milkman is a company based in Burnley (United Kingdom) founded in 2018 by Becky Hilton.. The Modern Milkman has raised $82.6 million across 5 funding rounds from investors including Avery Dennison, Insight Partners and ETF Partners. The company has 148 employees as of December 31, 2021. The Modern Milkman has completed 1 acquisition, including Modern Milkman. The Modern Milkman operates in a competitive market with competitors including Dizzie, WowBoxMe, Doorstep Dairy and Your Student Box, among others.
- Headquarter Burnley, United Kingdom
- Employees 148 as on 31 Dec, 2021
- Founders Becky Hilton
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Modern Milkman Ltd
- Date of Incorporation 24 Oct, 2018
- Jurisdiction MANCHESTER, ENGLAND
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Annual Revenue
$33.98 M (USD)209as on Dec 31, 2021
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Net Profit
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EBITDA
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Total Equity Funding
$82.6 M (USD)
in 5 rounds
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Latest Funding Round
$13.73 M (USD), Series C
Jan 28, 2026
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Investors
Avery Dennison
& 5 more
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Employee Count
148
as on Dec 31, 2021
- Investments & Acquisitions
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Funding Insights of The Modern Milkman
The Modern Milkman has successfully raised a total of $82.6M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $13.73 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $13.7M
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First Round
First Round
(13 Jan 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series C - The Modern Milkman | Valuation | Salica Investments |
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| Nov, 2022 | Amount | Series C - The Modern Milkman | Valuation |
investors |
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| Jul, 2022 | Amount | Series B - The Modern Milkman | Valuation | Praetura Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The Modern Milkman
The Modern Milkman has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Avery Dennison, Insight Partners and ETF Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Early-stage investments in tech and energy sectors are targeted.
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Founded Year | Domain | Location | |
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Venture capital funding is provided by Praetura Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by The Modern Milkman
The Modern Milkman has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Modern Milkman. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Limited information available
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - The Modern Milkman
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Modern Milkman Comparisons
Competitors of The Modern Milkman
The Modern Milkman operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dizzie, WowBoxMe, Doorstep Dairy and Your Student Box, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet first brand of rice, snacks, baking mixes, tea, and spices
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| domain | founded_year | HQ Location |
Monthly subscription service delivering surprise snack boxes to consumers.
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| domain | founded_year | HQ Location |
Home delivery service for fresh dairy, produce, and baked goods from local vendors.
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| domain | founded_year | HQ Location |
Serves as an online grocery retailer targeted at students.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on The Modern Milkman
Frequently Asked Questions about The Modern Milkman
When was The Modern Milkman founded?
The Modern Milkman was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is The Modern Milkman located?
The Modern Milkman is headquartered in Burnley, United Kingdom. It is registered at Burnley, England, United Kingdom.
Is The Modern Milkman a funded company?
The Modern Milkman is a funded company, having raised a total of $82.6M across 5 funding rounds to date. The company's 1st funding round was a Series B of $2.67M, raised on Jan 13, 2021.
How many employees does The Modern Milkman have?
As of Dec 31, 2021, the latest employee count at The Modern Milkman is 148.
What is the annual revenue of The Modern Milkman?
Annual revenue of The Modern Milkman is $33.98M as on Dec 31, 2021.
What does The Modern Milkman do?
The Modern Milkman was founded in 2018 and is headquartered in Burnley, United Kingdom. Operations focus on online retailing of everyday grocery items, including milk, fruit juices, eggs, butter, cream, bakery goods, coffee, meat, and yogurt. Subscription-based delivery services are offered to customers. A mobile application is provided for Android and iOS platforms to facilitate orders and management.
Who are the top competitors of The Modern Milkman?
The Modern Milkman's top competitors include Dizzie, WowBoxMe and Doorstep Dairy.
How many acquisitions has The Modern Milkman made?
The Modern Milkman has made 1 acquisition, including Modern Milkman.
Who are The Modern Milkman's investors?
The Modern Milkman has 6 investors. Key investors include Avery Dennison, Insight Partners, ETF Partners, Praetura Ventures, and Simon Murphy.