Modern Milkman Ltd announced that it has received £22 million in funding from Insight Venture Management, LLC, ETF Partners LLP, Praetura Ventures Limited, Avery Dennison Corporation
November 23, 2022
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Modern Milkman Ltd announced that it has raised £22 Million in a round of funding led by existing investors, Insight Venture Management, LLC and ETF Partners LLP on November 24, 2022. The transaction also included participation from new investors such as Praetura Ventures Limited and Avery Dennison Corporation.
Avery Dennison Corporation specializes in the development, manufacturing and marketing of pressure-sensitive materials and self-adhesive products. Net sales break down by family of products as follows:
- adhesive materials and specialty products (71.9%): papers, plastic films, metal foils and fabrics coated with adhesives, reflective films, polymer adhesives, specialty tapes, highly engineered films, inlays, self-adhesive battery labels, postage stamps, etc.;
- price marking and identification products (28.1%): printed labels, graphic tags, barcode tags, price tickets, carton labels, etc. intended for retailers, apparel manufacturers, and distributors. The group also provides copiers, ink-jet and laser printer labels and printer cards, binders, dividers, sheet protectors, markers, adhesives, etc.
Net sales are distributed geographically as follows: the United States (30.8%), Asia (30.4%), Europe /Middle East/ Africa (27.6%), Latin America (7%) and other (4.2%).
Modern Milkman Ltd announced that it has received £22 million in funding from Insight Venture Management, LLC, ETF Partners LLP, Praetura Ventures Limited, Avery Dennison Corporation
AVERY DENNISON CORPORATION 
