Qualityfry raises €1m from Kereon et al.

The round, led by Kereon, featured capital from a number of business angels as well. The funds will be used by Qualityfry to develop new equipment lines alongside its flagship product Fast Chef Elite.

In addition, the business will invest to speed up commercial deployment of its existing products, both in Spain and abroad; its frying machines are currently sold in Europe, South America, Asia and Oceania.

The investment is the second to bring together Kereon and Caixa Capital Risc in recent months.

In mid-November 2015, the duo of Spanish venture capitalists injected a combined €1.5m into Barcelona-headquartered organ transportation specialist Transplant Biomedicals. As with Qualityfry, Kereon led the investment, while Caixa drew equity from its €17m seed-focused Caixa Capital Micro II fund, according to unquote" data.

Company
Founded in 2013, Qualityfry manufactures automated frying machines for restaurants and hotels, among other clients.

Headquartered in Madrid, the company distributes its core product, Fast Chef Elite, in Spain, France, the UK, Norway, Sweden, the Netherlands, Colombia, Australia and Singapore, among others.

The business employ 10 staff and claims to have experienced strong revenue growth since inception.

People
Qualityfry – Javier Fernández (founder, CEO).

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• Topics
• Expansion
• Industrials
• Southern Europe
• Venture
• Spain
• Caixa Capital Risc