Marley Spoon raises $17m from QD Ventures et al.

Existing backer Lakestar, a European VC, and US-based hedge fund Kreos Capital also participated in the round. In addition to the funding, the startup secured $44m media-for-equity from German advertising fund GMPVC.

With the fresh capital, Marley Spoon plans to expand to the US west coast, opening a new San Francisco-based facility. Parallel to the US expansion, Marley Spoon will launch a new membership app in the first quarter of 2016.

Pan-European venture capital firm Lakestar held a final close for its sophomore fund on €350m in August 2015. The VC invests in technology and tech-enabled companies across a wide range of segments. It mainly writes cheques of $20-30m.

Previous funding
In April 2015, recipe box delivery service Marley Spoon raised a $3.5m extension for its series-A funding round from US investor Lakestar. Point Nine Capital and the Samwer Brothers' Global Founders Capital co-led a €4m series-A funding round for Marley Spoon in November 2014. The company had previously raised €1.5m.

Company
Launched in August 2014, Marley Spoon delivers ingredients and recipes to customers in recyclable packaging. It offers a choice of seven different meals per week. Customers can order their preferences via website or app. Marley Spoon was launched in Germany and has since set up operations in the US, the UK, the Netherlands, Austria and Australia.

People
QD Ventures – Olga Zhilinskaya (partner).
Marley Spoon – Fabian Siegel (CEO).

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• Topics
• Expansion
• DACH
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• Germany