YFood, a Munich-based developer of on-the-go nutrition products, has raised €15 million Series B round, led by London-based Felix Capital. New Zealand-based global dairy cooperative Fonterra, as well as existing investors Five Seasons Ventures and New Ground Ventures, also invested.
The German foodtech startup sells “complete food” in the form of drinks, bars and powders, designed for busy lifestyles. According to the company website, the products are developed by food technologists, combining balanced nutrition with flavor, satisfying hunger for up to five hours. Founded in 2017, the startup has grown throughout the DACH region and raised a €4.2 million Series A last summer. With 200,000 online customers and products in 13,000 retail outlets, the company’s revenue has grown 300 percent in the last year, according to a press release.
The latest investment will help YFood expand into seven other European markets, including the UK, where it recently launched an online shop. Supported by the expertise of Fonterra, the German company also plans to invest more in research and development.