VC firms in €22m round for Foodspring

The corporate venture division of New Zealand-based dairy products exporter Fonterra also took part in the round. Fonterra had previously supplied Foodspring with the dairy ingredients for its products.

Foodspring said the new partnership with Fonterra Ventures will help it push product innovation and drive its international expansion strategy.

Previous funding
Foodspring was co-founded by Berlin-based entrepreneurial holding company Econa, which also provided the company with seed capital.

B-to-V and Ringier invested €6m in Foodspring to fund its expansion into other European countries in May 2017.

Company
Foodspring was founded in 2013 by Tobias Schüle and Philipp Schrempp. The company manufactures and sells sports and fitness foods; the ingredients are sourced globally but the product is produced in Germany. The company employs 100 people and operates in 17 countries.

People
Ringier Digital Ventures – David Hug (managing director).
Foodspring – Tobias Schüle (CEO).

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• Topics
• Expansion
• DACH
• Consumer
• Germany
• Venture