Pasta Evangelists Limited

Pasta Evangelists Limited is a UK-based company specializing in the production and delivery of fresh, artisan pasta, providing a unique culinary experience to individual consumers and restaurants alike. Founded in 2016 in London, UK, Pasta Evangelists Limited is dedicated to offering fresh pasta products. The company has not undergone significant changes in its business model. The founders, Alessandro Savelli, Chris Rennoldson, and Finn Lagun, have previously contributed to the culinary scene.

In January 2021, Barilla acquired a majority stake in the company from Guinness Asset Management and Pembroke VCT. The company has raised a total of GBP 3. 360 mn, with its most recent funding being a Series B round, reflecting its current valuation of GBP 17. 867 mn.

Pasta Evangelists specializes in artisan pasta production and delivery, offering a diverse range of dishes like Orecchiette with Pistachio Pesto and traditional Lasagna and Tagliatelle. Their pasta, crafted by expert chefs, ensures an authentic Italian dining experience at home or in their physical locations. The company also provides recipe kits for customers to recreate their classic dishes. Operating mainly in urban markets such as London, Manchester, and York, Pasta Evangelists caters to over 1 million customers.

In the most recent fiscal year, Pasta Evangelists generated revenue of GBP 40,113,377. 80 with an EBITDA of GBP -9,602,838. 40. Revenue is derived from direct-to-consumer sales of fresh pasta and subscriptions for recipe kits, primarily through a B2C model, with meals starting at GBP 7.

50. The company also offers experiences like pasta-making classes to enhance customer engagement. Pasta Evangelists plans to leverage its recent Series B funding round to expand its product offerings and enter new markets. The company aims to introduce additional pasta varieties and enhance its meal kits by the end of 2023.

Plans are in place to expand beyond the UK into European markets by 2024, capitalizing on Barilla's distribution network following their acquisition in January 2021.