GERMANY – YFood, a Munich, Germany-based startup offering complete food solutions in the form of drinks, bars and powder, raised €15m in Series B financing.
The round was led by Felix Capital with participation from New Zealand-based global dairy co-operative Fonterra, and existing investors Five Seasons Ventures and New Ground Ventures. The company intends to use the funds to increase its presence across key European markets. Co-founded by Ben Kremer and Noël Bollmann, YFood provides drinks, bars and powder products, which contain all the essential micro- and macronutrients that the body needs. The company is currently generating multi-million euros in revenue per month while remaining profitable in Germany, Austria and Switzerland. It already launched in UK. YFood currently serves over 200,000 online customers, is available at over 13,000 retail outlets and has over 70 employees. 25/04/2020
