Following on from an incredible first year in business selling over 10,000 bottles equalling over 600,000 gummies in the first year, the young entrepreneurs have now set their sights on the American market. Their success has attracted the attention of FYG Syndicate Limited, who recently formed the angel investment company led by Philip Jones and Jon Kalmar. This month, Yumi took up a 1,100 sq ft office in Northern Manchester with the plan to grow their team and expand their product line with an additional six products all of which should be ready for the market in early 2019, where they are already on destination for to hit a market of £1 million turnover.
The Manchester-based nutrition supplement start-up Yumi was founded two years ago by friends, fitness and nutrition enthusiast Sebastian Vanderlinden, Adam Barker and Joshua Margetts after spotting a gap in the market for chewable gummy vitamins and supplements. Whilst they were all still working full-time jobs the friends took a chance on their first two products, sleep and multivitamin gummies, of which proved to be popular enough to encourage the trio into quitting their jobs and broadening the product offering to include a hair and probiotic gummy.
Sebastian Vanderlinden, the CEO said:
“It’s been an incredible 18 months in business so far, especially the last few months, from moving into our own office space and partnering with our new investors. The investment is going to allow us to grow at a much quicker pace, not only building out our product line but to move faster into the American market – which has always been our dream. 1$ out every 3$ spent on the global supplements and vitamin market is spent in America so the opportunities for growth are huge. We’re all extremely excited for what this next part of our journey holds.”