Only six months after its launch, German Lemoncat, an online marketplace for business catering, has closed a second financing round of €6 million, bringing the total capital raised by the startup to €9 million. The international VC fund Northzone has taken part in this new round of financing, along with previous investors.
“Lemoncat has built an impressive product, and is perfectly positioned to lead the digitalisation of the business catering sector. This is a natural progression from the developments we have seen in the consumer food space in the last few years,” said Jessica Nilsson, Partner at Northzone, in a statement.
The Berlin startup specialises in catering for companies, and its online marketplace offers a selection of more than 400 caterers in over 80 cities. Through Lemoncat, businesses can find catering services for 10-person meetings as well as for 2,000-strong summer parties. The company only works with caterers that fulfil the highest quality standards.
“Business customers order catering with a specific purpose, whether it’s to close deals, to impress important partners, or to motivate staff. Mediocrity won’t help them achieve these goals, so we make it our mission to ensure companies shine in these important moments. We call that “Food For Success”," said Doreen Huber, CEO of Lemoncat, in a statement.
Business catering is a market worth billions in Germany. Currently €7 billion is spent each year on food and drinks at conferences, workshops or client meetings.
“The market is there, and the question isn’t if it will be digitised – it’s when. We want to build the best product and offer our business customers an online marketplace that quickly and easily helps them find the best local food for meetings, events and every day in their companies,” explained Huber.
Read more: Northzone (Press release)