London-based small batch kombucha brand, Momo Kombucha, has successfully raised £4.5 million across six funding rounds since its inception in 2018.
The brand is backed by a total of 24 angel investors, including Brixton Brewery co-founder Jez Galaun. Following this latest investment round, founders Josh and Lisa Puddle maintain majority ownership, jointly holding 57% of the business.
The funds will be allocated for fitting out a larger brewery, investing in new production equipment, and supporting broader growth initiatives.
Over the last four years, Momo Kombucha has consistently doubled its revenue annually. Notably, it produces the three bestselling single-format soft drinks on Ocado and is stocked by retailers such as Booths, alongside foodservice outlets like Nando’s and Gail’s.
Looking ahead, the B Corp-certified brand aims to capitalize on the increasing demand for alcohol alternatives, low-sugar options, and healthy energy drinks.
“This is by far our largest fundraise to date, and I’m deeply grateful to the individuals who backed us, most of whom first discovered Momo as loyal customers and have since become long-term believers in our brand,” stated Josh Puddle, managing director.
“In fact, our four biggest shareholders are all top five D2C customers. Their support is a real testament to the strength of the community around Momo. The funds will enable us to significantly scale our production capacity, the main factor limiting our growth since we launched in 2018, and allow us to continue investing in the quality of our kombucha. Ultimately, this raise will help bring us closer to our ambition of becoming the UK’s favourite kombucha.”
In 2025, Momo Kombucha announced the expansion of its leadership team with the appointments of Katie Jewitt, formerly of Trip and Greggs, as chief operating officer, and Murray Smyth, ex-AlixPartners, as head of finance.