Switzerland-based baby food brand Yamo has raised €10.1m ($11.5m) in a series A round featuring packaged food producer Müller and media group Ringier, TechCrunch reported yesterday.
The corporates invested through subsidiaries Müller Ventures and Ringier Digital Ventures, joining Five Seasons Ventures, Swiss Entrepreneurs Fund, Btov Partners, Polytech Ventures, BackBone Ventures, Investiere Venture Capital and Fundament in the round.
Yamo provides healthy food for babies and small children that it sells directly through its online platform and in selected grocery chains. The capital will support the growth of its product range and an expansion from Switzerland and Germany into France.
The round boosted Yamo’s overall funding to approximately $13.6m according to TechCrunch, including an investment of undisclosed size by Ringier Digital Ventures in mid-2018.
The company initially pulled in an undisclosed amount from angel investors Andrea Jansen, Dario Fazlic, Myke Näf and Adrian Bührer in 2017, and Marcau Partners and Econa are also among its backers.
Image courtesy of Yamo Food GmbH.
