Foodpunk has completed an undisclosed financing round. The Munich-based startup will use the capital to advance the development of its nutrition app and its own baking mixes.
The Swiss Dotcom Ventures Holding and a private investor are injecting an unknown sum into the Munich startup FoodpunkThe investors also participate in the company as strategic partners.
According to the company, it has been profitable since 2015. Founder Marina Lommel says:
"We found the ideal partners at the beginning of 2018 and were able to discuss the details of the deal calmly, as we weren't in urgent need of capital. Strategic partners who are highly committed and recognize the potential are important to me."
Nutritionist and low-carb bread
The investment will now advance the development of a nutrition app. Lommel says:
"This new development will offer many positive surprises for our customers. We'll become the nutritionist in your pocket and finally make nutritional advice cool and effective again."
Sebastian Schneider, Managing Partner of Dotcom Ventures Holding, says:
"We were enthusiastic about Foodpunk's idea and the team from the very first meeting. We see great opportunities in the international market and will therefore aggressively pursue internationalization next year. Our expertise in blockchain and artificial intelligence also perfectly matches the needs of this young company."
The company is also developing its own food products and has been selling low-carbohydrate baking mixes for bread and sweet baked goods since this year.
