Dentons has advised Berlin-based food startup KoRo on a €20 million strategic growth financing round. The investors in the financing round included HV Capital, Five Seasons Ventures, Associated British Foods, Partech, SevenVentures, Haub Legacy Ventures and other venture capital investors. The funding will enable KoRo to strengthen its position as a food brand market leader in the DACH region and accelerate its profitable growth in Europe.
KoRo was founded in Berlin in 2014 and has grown to 260 employees. The company’s makes innovative vegetarian and vegan foods accessible to a broad base of customers. By skipping trade stages, implementing efficient logistics processes and using simply designed bulk packaging solutions, KoRo saves on transport emissions and packaging waste. In addition to Germany, the products are sold in 16 other European countries through the company’s own e-shop as well as in other retail and online stores. KoRo is currently listed by the Financial Times as one of the ten fastest growing e-commerce companies in Europe.
A Dentons team led by partner Thomas Schubert and supported by senior associates Max Purnhagen and Matthieu Emonet (all Corporate/M&A/Venture Technology, Berlin) as well as partner Dr. Axel Schlieter (Banking and Finance, Düsseldorf) advised the client on the financing round. Dentons has previously advised KoRo on its Series B financing in early 2022, in which the company raised about €50 million.
Source : Legal Desire
