KoRo funding news – Berlin-based KoRo has Raised €35 Million in Series C Round Funding

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The funds will support it's expansion, focusing on growth in France, Italy, and the Benelux region.

Florian Schwenkert, CEO of KoRo said, “We are delighted to have Coefficient Capital on board and thank our existing investors who continue to support KoRo’s mission to revolutionise the snacking industry and lead the way as an innovative and transparent player in the food space. Thanks to the excellent work of our team, we are well on the way to building an omnichannel love brand with a pan-European presence. Many exciting projects and partnerships are already planned for the coming year – there are still many exciting things to come from KoRo,”.

It has built a customer base of over two million across Europe and earned a B-Corp™ certification this year. The company expects more than 50% sales growth and profitability in 2024. Its European expansion includes a partnership with Dutch retailer Albert Heijn and Olympic gold medalist Teddy Riner as its brand ambassador in France.

Arpon Ray, Partner at Coefficient Capital said, “It is with great enthusiasm that we support KoRo in this important phase of its journey. The company’s strong growth, commitment to sustainability, digital approach and innovation in the snack sector set it apart from others. KoRo has a truly differentiated strategy and we believe it has the potential to become a global leader in healthy snacks. We are excited to support its continued expansion into new markets,”.

KoRo also recruited the ex-CEO of Oatly, Toni Petersson, as the newest member of the Advisory Board. “KoRo’s omnichannel model is one of the most impressive I have seen in the industry. By seamlessly connecting online and offline experiences, it creates a powerful flywheel effect that drives brand visibility, customer loyalty and long-term growth. This unique approach and KoRo’s ability to pick up consumers at exactly the right moment is key to the company’s success. I am delighted to be a part of it,”.

About KoRo

KoRo is changing the food industry with its wide range of high-quality innovative products. Its offerings include natural foods like nut butters and dried fruits, as well as clean-label snacks and functional foods.