KoRo, a Berlin, Germany-based snacking brand, raised €35M in Series C funding.
The round was led by Coefficient Capital, with participation from existing investors Five Seasons Ventures, HV Capital, Partech, Haub Legacy Ventures and SevenVentures, among others.
The company intends to use the funds to further accelerate its profitable growth strategy, enhance its product innovation pipeline, and expand its European footprint, particularly in France, Italy, and Benelux.
Founded in Germany in 2014, and built up by Constantinos Calios and Piran Asci, KoRo offers a wide range of products, which extends from natural foods, such as nut butters and dried fruit, to clean label snacks and functional foods. An ongoing commitment to transparency and product innovation drives the company to explore new food frontiers, with a singular goal of offering products to the conscious eater that are convenient, enjoyable, and, as always, better and different.
Florian Schwenkert (CEO) and Dr Daniel Kundt (CFO) joined the management team in 2020 and 2022, respectively. The company, which employs more than 300 people, now counts over 2 million customers across Europe, and has more than 13,000 points of sale across major European chains like Edeka, Rewe, and Albert Heijn.
FinSMEs
29/11/2024