Yfood raises $234M funding round from Nestlé at a $469M valuation

 

Yfood has raised a $234M funding round from Nestlé at a $469M valuation.   Nestle now owns 49.95% of the food company. Yfood is a meal replacement company offering energy bars, vegan drinks, and meal powders. The investment means that Yfood's previous investors, such as Felix Capital, Fonterra, and Five Seasons, have sold their shares to Nestlé. Yfood had 100% YoY revenue growth and $131M in sales in 2022. The company says it is currently focusing on the European market, where it has sold 95 million meals. Since its inception in 2017, the company has raised around $22M in funding. Yfood is based in Munich, Germany.