Germany-based nutrition drink producer YFood received €15m ($16.3m) in series B funding from investors including daily cooperative Fonterra on Tuesday.
Venture capital firm Felix Capital led the round, which also featured VC firm Five Seasons Ventures and investment platform New Ground Ventures.
Founded in 2017, YFood develops and produces a range of nutritious food products, particularly a range of drinks it refers to as ready-to-drink meals, which combine high levels of protein with a blend of 26 vitamins and minerals.
The company also sells protein bars and bags of powder that enable customers to make their own YFood drinks at home. Part of the capital secured in the series B round will go to research and product development.
YFood’s products are available across 13,000 locations in Germany, Austria and Switzerland, and it intends to use the series B proceeds to expand its reach across the rest of Europe, having recently launched an online shop serving UK customers.
Five Seasons Ventures had led the company’s $4.7m series A round in June 2019, participating alongside New Ground Ventures. Its seed-stage investors included VC fund Freigeist Capital.
Image courtesy of YFood Labs GmbH.
