© Foodji

Foodji receives 21.4 million euros in Series A

Munich-based food tech company Foodji has closed its Series A financing round of €21.4 million ($23 million). Movendo Capital and DLF Venture are leading the financing round, with Triple Point Capital, Kraut Capital, and existing investor Foodlabs also investing.

Foodji operates vending machines that offer fresh and healthy food. the startup The Munich-based company is present at locations such as offices, universities, and hospitals, as well as on trips in hotels or airports, and in production facilities. Customers can purchase the desired products directly from the vending machine via touchscreen or reserve and pay up to 12 hours in advance using the app.

The vending machines themselves feature intelligent algorithms that can predict individual demand at each location and automate the entire supply chain to the greatest extent possible. Foodji thus promises significantly less food waste than the industry average.

"Over 90 percent of German companies do not have their own canteen. The last year has shown that the need for high-quality and flexible around-the-clock catering – especially among German medium-sized companies – is enormous,"

explains Felix Munte, Co-founder and CEO of Foodji.

“Foodji has managed to reduce food and packaging waste to a minimum”

"With our strong team and our proprietary technology platform, we were able to quadruple our business results in 2022. With this investment, we have laid the foundation to further expand our position as market leader,"

supplemented Daniel von Canal, also co-founder and CEO of Foodji.

With the newly raised capital, the startup plans to invest in its own team and, above all, further develop its technology. Furthermore, it aims to personalize the user experience for customers. In addition to technical development, Foodji also plans to expand its food offerings to respond to current food trends.

"In Germany alone, 1.7 million tons of food waste are generated each year in the out-of-home catering sector. Foodji has managed to reduce food and packaging waste to a minimum while offering restaurant-quality food,"

says Patrick Huber, General Partner at the existing investor Foodlabs.

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