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.
