In a new financing round, the Munich startup Yfood a Investment of 4.2 million euros. Among the investors are the French group Five Seasons Ventures and the VC New Ground Ventures from the USA.
The two founders of YFood, Ben and Noël, want to use their Liquid meal from the bottle will revolutionize the food industry. Regarding the origin of the idea of a complete meal in beverage form, the founders say:
"Before YFood, we were exposed to a very stressful work environment in the financial industry. When our health began to suffer after some time, we decided to look for solutions."
Noël Bollmann and Benjamin Kremer founded Yfood at the end of 2017 and were able to convince not only retail customers but also investor Frank Thelen from “The Lion’s Den” Convince at the end of 2018.
New investment for Yfood
Yfood is now building on this success with another major investment. Lead investor Five Season Ventures, which has previously supported other food startups, pledged its support last year. Now, together with New Ground Ventures and existing shareholders, the group is investing a total of €4.2 million. The young company intends to use the money to strengthen its market position and further expand internationally. Additional product lines in the form of bars and powders are also planned. To this end, the Yfood team also plans to increase its workforce from 35 to 60 by the end of 2019.
