Munich Startup
Foodji raises €21.4 million in Series A

Foodji raises €21.4 million in Series A

Maximilian Feigl

Maximilian Feigl

Munich-based food-tech company Foodji has completed its Series A funding round of €21.4 million ($23 million). Movendo Capital and DLF Venture lead the funding round, with Triple Point Capital, Kraut Capital, and existing investor Foodlabs also participating.

March 14, 2023

2 min. read time

Foodji operates food vending machines that offer fresh and healthy meals. The startup focuses on locations such as offices, universities, and hospitals, but also on travel at hotels and airports as well as in production facilities. Customers can purchase desired products directly at the machine via touchscreen or reserve and pay via app up to 12 hours in advance.

The vending machines themselves are characterized by intelligent algorithms that forecast individual demand at each location and can automate the entire supply chain as much as possible. Foodji thus promises significantly less food waste than is typical in the industry average.

“Over 90 percent of German companies do not operate their own canteen. The past year has shown that the demand for high-quality and flexible around-the-clock catering – especially in the German mid-market – is enormous,”

explains Felix Munte, co-founder and CEO of Foodji.

“Foodji has managed to reduce food and packaging waste to a minimum”

“With our strong team and our proprietary technology platform, we quadrupled our business results in 2022. With this investment, we have created the foundation to further strengthen our position as market leader,”

adds Daniel von Canal, also co-founder and CEO of Foodji.

With the newly raised capital, the startup plans to invest in its own team and, above all, further develop its technology. Additionally, the user experience for customers will be made more personalized. In addition to technical development, Foodji also wants to expand its food offerings to respond to current food trends.

“In Germany alone, 1.7 million tons of food waste are generated in out-of-home catering each year. Foodji has managed to reduce food and packaging waste to a minimum while simultaneously offering restaurant-quality food,”

says Patrick Huber, General Partner at existing investor Foodlabs.

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