The German foodtech startup Nu3, an e-commerce platform specializing in superfood and dietary supplements, reports that it took in a “high-seven figure sum” from several investors.
The investors are unknown, however previous investors in the company include Lake Star, Project A and Black River Ventures.
Nu3 plans to use the new millions to expand in Germany, Switzerland, Austria and France, as well as for introducing its own new products.
The startup had to dismiss 35 employees in the middle of October, thus shrinking to 115 employees. One reason they stated for the cutback was that, “Scandinavia could not meet high expectations.”
Nu3 was established in November 2011 by founders Robert Sünderhauf , Felix Kaiser and Kassian Ortner.
Read more: Grunderszene (In German)