Choco, a Berlin, Germany-based technology company building a connected global food system, raised $100m in Series B funding.
The round, which brought funding to a total of $171.5m, was led by Left Lane Capital, who was joined by venture capital and private equity firm Insight Partners, with further participation from existing investors Coatue Management and Bessemer Venture Partners.
The company intends to use the funds to continue to expand operations, development efforts, continue adding new functionalities that respond to real-time changes in the food services industry, and its business reach growing its existing customer footprint in its six current markets: the United States, Germany, France, Spain, Austria, and Belgium.
Founded in 2018 by serial tech entrepreneurs Daniel Khachab, Julian Hammer and Rogerio da Silva Yokomizo, and also led by newly added Vikas Gupta, CTO, Choco provides a digital ordering workflow and communication tool for restaurants and suppliers to facilitate food procurement. Choco has over ten thousand active restaurants and suppliers on its platform across the US and Europe.
FinSMEs
20/07/2021