ITV invests in Feel
August 20, 2021
ITV has concluded an investment in Feel, a UK-based digital health startup. ITV has agreed to subscribe for up to £3 million convertible loan notes in Feel in three tranches. Feel will commence its tailored media campaign across ITV’s channels later this year.
Operating on a direct-to-consumer subscription model, Feel’s science-led approach in developing products with potent ingredients and no additives has resonated with the modern consumer, resulting in significant growth in the past 12 months. The company now aims to expand its product range into other nutrition verticals while growing its London-based team.
The ITV investment follows the recent announcement of Feel’s equity partnership with singer and TV personality Cheryl, who is working closely with the brand on its future products.
Launched earlier this year ITV AdVentures Invest is building a diversified portfolio of high-growth and innovative brands, having previously invested in the location app what3words, the online menswear brand Spoke and the household bills saving platform ismybillfair.
Niko Waesche, Fund Manager of ITV AdVentures Invest, said: “From the moment we met Boris and the Feel team, we realised their commitment to creating accessible and top-quality nutritional supplements coupled with a first-rate consumer experience. As an innovative, digital consumer brand at scale-up stage, it’s a perfect fit for ITV’s investment, and we look forward to helping Feel grow through the power of TV advertising.”
Feel’s Founder and CEO, Boris Hodakel, added: “To achieve our next stage of development, we looked for a leading media partner with a trusted brand and the broadest commercial reach in the UK. We are not here to create a brand for a select few; we want everyone in the UK to be able to benefit from our science-based nutritional supplements.”