By JIM ARMITAGE
A start-up company selling drinks claimed to boost brainpower has raised £9 million from some of the City’s top investment bankers.
Anthony Gutman of Goldman Sachs and Rothschild’s Akeel Sach are among bankers who have invested in serial entrepreneur David Spencer-Percival's No1 Rosemary Water brand. Other backers include ex-Capita boss Paul Pindar.
Spencer-Percival, who made millions from his recruitment businesses Huntress and Spencer Ogden, claims extract of rosemary improves brain function.
He said a forthcoming peer-reviewed study from scientists at Northumbria University to be published shortly confirms his claims.
The brand is already shifting 70,000 bottles a month through Marks & Spencer, Waitrose and other stores but its new funding will fund the launch of a range of new drinks developed with Kew Gardens featuring other healthgiving herbs including basil and fennel.