Funding

[Funding alert] Amsterdam-based Grocery App Crisp Secures €35 Million in Funding

Nov 16, 2023 | By Startup Rise EU

Amsterdam-based grocery app Crisp secures €35 million in funding. With a new capital injection of 35 million euros online supermarket Crisp has the necessary resources to further build on its mission to make better food possible for more people.

Amsterdam-based grocery app Crisp secures €35 million in funding. With a new capital injection of 35 million euros online supermarket Crisp has the necessary resources to further build on its mission to make better food possible for more people.

Crisp is supported in this new round by both existing and new investors, including top Dutch entrepreneurs and family funds. Despite an online grocery sector, which is currently barely growing, Crisp has achieved a turnover growth of 30% with greatly improved margins.

The grocery app was founded in 2018 and was in 2020 already profitable at the level of orders and expected in the home market of the Netherlands to break even in the summer.

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To further increase the impact, their own operation has been discontinued CO2 neutral by the end of this year and Crisp submitted the application for the B Corp last month sustainability label submitted.

Tom Peeters, co-founder and CEO at Crisp. “We are proud of this round, even though it cost us it's more difficult in the current climate. However, investors have been able to see that we with Crisp we can keep a clear course with a healthy product and a sustainable model, in one turbulent economy. That gives confidence.”

Growing awareness for tasty and affordable food Despite the current economic situation, Crisp sees growing consumer awareness for tasty food.

About the ambitions for the future, Peeters says: “We are now focusing first on our current one markets, realizing our sustainability ambitions and our operating results. Our our own technology enables us to supply ingredients as well as meals and meal boxes can offer, from one efficient technological platform. I expect the Netherlands to do so
the summer will be profitable. Belgium follows the year after, as we have only been there for a year be operational.”

The investors behind Crisp The impact that Crisp makes on the road to a more tasteful world is highlighted in this round almost 60% supported by, once again, broad participation from existing investors.

Read also - Chasse sur Rhône-based Recyc’ELIT Raises €3.2M in Funding

About Crisp

Crisp is the supermarket app for fresh food. Crisp was selected by research agency GfK in both 2022 and 2023 named Best Online Supermarket in terms of offering, service, price and quality (research among >35,000 consumers; Formula report FMCG E-commerce).

Read also - Finnish-based Cleantech Startup SpinDrive Raises €3.8 Million in Series A Round Funding

The service delivers in the Netherlands and Flanders 7 days a week groceries at a time that suits you. The range consists of more than 900 products local farmers, makers and growers.

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