Felix Capital et al. back €15m series-B for YFood

YFood plans to use the fresh capital for further international expansion and to grow its product range, having launched its UK store in 2020.

Felix Capital closed its latest fund, Felix Capital Fund III, on its hard-cap of $300m in January 2020, as reported by Unquote. The fund writes equity tickets of $500,000-10m for early-stage investments and up to $15m for growth capital.

Five Seasons Ventures specialises in investments in food technology companies. Its previous investments in Germany include online spice and meal kit retailer Just Spices.

Previous funding
New Ground Ventures Five Seasons took part in a €4.2m round for YFood in June 2019.

Company
Munich-based YFood produces nutritional bars, drinks and powders intended to act as meal replacements that require no refrigeration. Founded in 2017, the company has a network of 13,000 retailers in the DACH region that sell its products. It has 61 employees, according to LinkedIn.

The company is valued at around $100m and has grown its revenues by 300% in the past year, according to a statement from Five Seasons, meaning the proceeds from its previous funding round are still in the bank as the company is profitable.

People
YFood Labs – Ben Kremer, Noël Bollmann (co-founders)

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• Topics
• Expansion
• DACH
• Consumer
• Venture
• Germany
• Felix Capital