Thursday, April 18, 2024
HomeFunding Paris-based Jow Secures $13Million in a Series A Extension Round Funding

[Funding alert] Paris-based Jow Secures $13Million in a Series A Extension Round Funding

Paris-based Jow secures $13million in a series A extension round funding. The company plans to use the extra funds to bolster its entry into the US market.

Paris-based Jow secures $13million in a series A extension round funding. The company plans to use the extra funds to bolster its entry into the US market.

Expanding on a previously disclosed, but unclassified, Series A funding round that invested $20 million in the firm from Eurazeo, Stride, Headline, and DST Global, the $13 million expansion brings Northzone to the venture capital table with participation from current backers Eurazeo included.

Read also – Copenhagen-based Pluto.markets Secures €2.4 Million in Funding

Jow defies its description, even if the foodtech industry has witnessed a healthy dose of consolidation in recent months.

It’s not a cooked dinner service, nor is it a grocery delivery service. After completing a series of inquiries about the number of adults, kids, and pets in your home, your goals, dietary preferences, and any allergies or dislikes, Jow gets to work creating a customised meal.

Read also – Vilnius-based Axiology Secures €2 Million in Funding

Jow CEO and co-founder Jacques-Edouard Sabatier elaborates: “A digital personal shopper, kitchen help, and life coach, Jow helps families eat well, and reduce cost as well as waste. Over 150 million meals have been prepared thanks to Jow, and each typically includes 25 per cent more fresh ingredients and 15 per cent less waste. We are extremely proud to offer families a way to eat better, reduce waste, and lighten the mental load of meal preparation.”

Northzone partner former co-founder at HelloFresh, Jessica Schultz adds: “Jow is the next evolution of meal kits and online super markets combined, which is a very attractive proposition. They are taking a software-only approach to meal planning and grocery shopping and by doing that they are improving the experience for both the consumer and the retailer. We have been so impressed by the Jow team and after seeing their success in France we are very excited to partner with them for their international expansion, starting with the US market.”

About Jow

Jow is the top grocery and meal planning app in France, and its popularity is rapidly expanding in North America. The Jow platform, which collaborates with brands and merchants, combines consumer data, retail media, and state-of-the-art algorithms to assist users in meal planning and grocery shopping efficiently.

Read also – Stockholm-based MANTLE Raises over €2.8 Million in Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular