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XOXO Soda

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A brand of plant-based functional sodas

London, United KingdomFounded 2021eCommerce & Marketplaces
Valuation $25–50M Last recorded · 2025
Headcount <100 Current team size
Total funding $0–10M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for XOXO Soda and the history behind them.

About XOXO Soda

XOXO Soda, operating under MF Food & Beverage Ltd., is a UK-based beverage company positioning itself as a key disruptor in the functional soft drinks market. Founded in October 2022 by Rory Paterson and Nick Janssen, the company has demonstrated rapid growth by focusing on a health-conscious consumer base that has been underserved by legacy soda brands. The business has secured significant investment, including a notable £4 million round in April 2025 from firms like Lever VC and Slingshot Ventures, and backing from JamJar, the investment fund started by the founders of Innocent Drinks. This capital is aimed at expanding the team, increasing brand awareness, and scaling distribution.

The company's core business revolves around the production and sale of prebiotic sodas that are plant-based, low in sugar and calories, and high in fiber. Each 330ml can contains 6-8g of prebiotic plant fiber—derived from sources like tapioca dextrin and Jerusalem artichoke—designed to support gut health by nourishing beneficial gut bacteria. The product line features a variety of bold flavors, including Watermelon, Orange, Ginger & Lemon, Red Berries, and Tropical. This positions XOXO at the intersection of taste and wellness, appealing to a younger demographic seeking healthier alternatives to traditional sugary soft drinks.

XOXO Soda employs a B2B and B2C retail business model, generating revenue through the sale of its canned beverages. The company has achieved a significant retail footprint in a short period, with distribution across thousands of stores in the UK and Europe. Key retail partners include major players like Co-op, Whole Foods, Planet Organic, and the REWE group in Germany. This rapid expansion into mainstream retail, including securing a spot in Co-op's meal deal, underscores the strong consumer uptake and high repeat purchase rates. The company has also had to adapt to market challenges, relaunching in the EU as "Xo Soda" following a trademark dispute.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
London, United Kingdom
Employees
44
Open positions
None listed
Dealroom signal
84.5/100
Industry
Food
Sub-industry
Innovative Food
Sector
eCommerce & Marketplaces, Beverage, Plant-Based, Functional Beverages
Business model
Marketplace & ecommerce
Client focus
B2C

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Apr 2025 $5.3M $21M Lever VC · Slingshot Ventures ↗
SEED✓Equity / VC Aug 2023 $2M $7.9M APX Ventures · Nextblue ↗
Showing the latest 2 of 2 recorded eventsBook a demo for the full funding history →

Growth signals

XOXO Soda website traffic

Latest recorded traffic for XOXO Soda is 7.4K monthly website visits, down 26% over the last three months. XOXO Soda's team grew 158.8% over the past year.

Latest monthly visits7.4K 3-month web change-26% 1-year team growth+158.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

XOXO Soda in the London ecosystem

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Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • APX Ventures
  • Nextblue

Series A2 investors entered at this stage

  • Lever VC
  • Slingshot Ventures

Other known investors3 additional known investors

Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇬🇧 United Kingdom73.1%
🇩🇪 Germany19.2%
🇳🇿 New Zealand3.9%
🇦🇪 United Arab Emirates3.9%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about XOXO Soda on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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