Movendo Capital and DLF Venture join Foodji in $23 million Series‑A deal

Photo: Menu selec­tion from a fodij vending machine
15. March 2023

Berlin/ Munich — To further expand its posi­tion as the market leader in Germany in the field of fresh, auto­no­mous food and beverage deli­very, Foodji has raised money from inves­tors: The Munich-based food tech company raises USD 23 million in its Series A finan­cing round. Dutch inves­tor Movendo Capi­tal and DLF Venture from Luxem­bourg have joined as new partners.

The fresh capi­tal will be used to streng­then the team and expand the foodji tech­no­logy. Dutch inves­tor Movendo Capi­tal and DLF Venture from Luxem­bourg have joined as new part­ners. U.S. inves­tor Triple Point Capi­tal and Kraut Capi­tal from Germany also parti­ci­pa­ted in the finan­cing round, as did exis­ting inves­tor FoodLabs from Berlin.

Foun­ded in 2016, Foodji opera­tes smart food vending machi­nes that offer fresh and healthy food at any time and exactly where people spend their daily lives. In the office, on the shop floor, at the univer­sity, in the hospi­tal or while trave­ling in a hotel or at the airport. More than 90 percent of German compa­nies do not have their own canteen. The past year has shown that the demand for high-quality and flexi­ble round-the-clock cate­ring — espe­ci­ally in the German SME sector — is high.

About DLF Venture
Foun­ded in Luxem­bourg in 2016, DLF Venture is a family-owned, consu­­mer-focu­­sed private equity firm with offices in Brussels and London, inves­t­ing prima­rily in Europe and focu­sing on four key sectors: Food & Beverage, Health & Care, Edtech and Inno­va­tive Retail.

About Movendo Capi­tal B.V.
Movendo Capi­tal B.V. is an invest­ment company specia­li­zing in invest­ments in inno­va­tive food and inno­va­tive retail. Behind Movendo is a fourth gene­ra­tion entre­pre­neu­rial family with a long tradi­tion in retail and food produc­tion. Movendo is a long-term inves­tor and active shareholder.

About Foodji

Foodji, the young food tech market leader from Munich, was foun­ded in 2016 by Felix Munte, Daniel von Canal, Moritz Munte, Dr. Oliver Fried­mann and Nico­las Luig. Foodji enables small and medium-sized compa­nies without a canteen to provide their employees with a fresh and healthy food offer. At the heart of the company is its proprie­tary tech­no­logy plat­form and smart food vending machine, “Foodji,” which provi­des fresh, healthy, high-quality food around the clock. These are charac­te­ri­zed by parti­cu­larly high quality and can be reser­ved via app as well as purcha­sed via touch­screen without regis­tra­tion. The food offe­red is tail­o­red to the wishes of the employees using speci­ally deve­lo­ped arti­fi­cial intel­li­gence. In addi­tion to a perso­na­li­zed offe­ring, this results in signi­fi­cantly less food waste than is common in the food indus­try. Thanks to 24/7 avai­la­bi­lity, the food­jis can also be used more flexi­bly than conven­tio­nal canteens and also cater to workers in shifts and at night. Further infor­ma­tion:

Advi­sors Movendo Capital/DLF Venture: YPOG
Dr. Benja­min Ullrich (Co-Lead) (Corpo­rate, Tran­sac­tions), Part­ner Matthias Kres­ser (Regu­la­tory & Finance, Tran­sac­tions), Part­ner Dr. Johan­nes Janning (Corpo­rate, Tran­sac­tions), Partner
Dr. Bene­dikt Flöter (IP/IT, Tran­sac­tions), Asso­cia­ted Partner
Nina Ahlert (Co-Lead) (Corpo­rate, Tran­sac­tions), Senior Asso­ciate Laura Franke (Corpo­rate, Tran­sac­tions), Project Lawyer

About YPOG
YPOG is a specia­list tax and commer­cial law firm opera­ting in the core areas of Funds, Tax and Tran­sac­tions. The YPOG team advi­ses a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. YPOG is one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. Today, YPOG employs more than 100 expe­ri­en­ced lawy­ers, tax advi­sors, tax specia­lists and a notary in three offices in Berlin, Hamburg and Cologne.

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