Next Food Capital won as an investor: Foodji expands Series A financing to 28 million US dollars

• Foodji receives 5.3 million US dollars in an extension of its Series A financing.

• The round is led by Next Food Capital - a European food tech fund from Kharis Capital.  

• The scale-up is thus gaining a strategically important partner with extensive food tech and supply chain expertise to further increase operational efficiency along its supply chain.  

• With its intelligent food vending machines, Foodji is responding to the growing cost pressure in companies and the associated canteen closures.

Munich, January 15, 2025 - Foodji, the food tech market leader from Munich, today announces the expansion of its Series A financing to 28 million US dollars. The scale-up has gained Next Food Capital, a European food tech venture capital fund managed by Kharis Capital, as a new investor. Existing investors Movendo Capital (Netherlands) and DLF Venture (Luxembourg) also participated. In the oversubscribed financing round, Foodji raises a total of 5.3 million US dollars, increasing its Series A financing, which the scale-up closed in March 2023 with 23 million US dollars.  

The Next Food Capital team has extensive experience in the food and restaurant industry. Kharis Capital's portfolio includes QSRP, a quick service restaurant platform operating in seven markets with well-known brands such as Quick, Burger King and the German fish restaurant chain Nordsee. "We have been following the rapid rise of Foodji for some time now and are delighted to now be on board alongside the founders and co-investors," says Laurent Vermer, Partner at Next Food Capital. "Foodji has proven that its technology is able to address an acute pain point in the large catering market. The industry needs innovation to meet changing eating habits and expectations. We want to use our extensive catering expertise to help Foodji continue to grow with its disruptive platform."  

"In Next Food Capital, we have found a strategic partner with whom we have had a long-standing relationship and who has valuable expertise in the areas of food tech and supply chain," says Daniel von Canal, co-founder and Managing Director of Foodji. "Efficiency and sustainability along the entire value chain are core components of our value proposition. With the new financing, we want to further optimize the operational process steps in our supply chain and make our growth sustainable and future-proof."  

Foodji further expands its market leadership

Foodji has developed an intelligent food vending machine that offers fresh food around the clock. Founded in 2016, the scale-up has been on the market since 2019 and has almost quadrupled its turnover in the past two years. Its focus is particularly on small and medium-sized companies in Germany, for which the operation of a traditional canteen is often not profitable. In March 2023, Foodji completed its Series A financing, which was led by Movendo Capital and DLF Venture. Triple Point Capital (USA), Kraut Capital and FoodLabs (both from Germany) also participated at the time. In November 2024, the scale-up also secured hybrid financing of up to EUR 25 million from Swedish investor P Capital Partners. With this and the newly acquired capital, Foodji is currently expanding its leading presence in the German market for company catering.  

"At a time when many companies need to use their resources particularly efficiently and consciously in the face of rising costs and economic uncertainty, employee catering is increasingly being scrutinized," explains Felix Munte, co-founder and Managing Director of Foodji. "In the last six months in particular, we have seen growing pressure on costs and efficiency in company catering. Canteen closures are often the result. This is exactly where we come in: We want to offer companies a flexible and cost-efficient catering solution that is also profitable in hybrid working models and can be scaled to meet demand. Healthy and fresh food in the workplace should be accessible to all employees - regardless of the size of the company."  

Image material (© Foodji Marketplace GmbH) can be downloaded here. You can see the Foodji executive team, from left to right: Moritz Munte, Andreas Schnell, Felix Munte, Daniel von Canal and Dr. Oliver Friedmann.  

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