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APETEAT: ONLINE FOOD SERVICE FOR OFFICES


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Integral service around a transaction
BY : Diego GutiérrezOctober Tue, 2019

ApetEat is a startup selected to participate in Lanzadera, the accelerator of Mercadona duel Juan Roig, has just sold part of its shares in a financing round valued at €1M. The company has been backed by new investors such as Spanish investment funds Big Sur Ventures and All Iron Ventures.

The so-called food delivery/food-tech is a growing segment. However, its potential in B2B has not yet been fully exploited. Even so, corporate finance is reporting some movement in the B2B market.

WHO IS APETEAT

Companies are increasingly demanding healthy food for their employees, and while meal delivery platforms have become commonplace, no major player has yet to disrupt the daily meal segment.

This changed with the arrival ApetEata firm specialising in office catering services which wants to lead the lunch service for companies that want to take care of their employees through food.

To this end, it has a online serviceknown as Lunch As A BenefitThe company has built a solid model that combines high quality food with the flexibility of delivery platforms.

It was founded in 2015 but did not start operating until September 2016. In these three years it has served more than 250,000 lunches in more than 2,000 companies.

It helps them to take care of their employees through food, thereby improving their reputation and the performance of their workers.

It also contributes to creating a Mediterranean product that allows them to eat healthy, balanced and varied food in the office, as a nutritionist is in charge of preparing the recipes.

Of course, among the different dishes you can also find food for allergy sufferers, vegetarians and vegans.

It should be noted that last year it closed the year with a growth of more than 250% and a turnover of almost €1M.

NEW INVESTORS FOR GROWTH

In order to reinforce its expansion and growth strategy, Apeteat has recently taken on the following new clients 1M€ in a financing round in which has sold part of its shareholdings to new investors, such as Spanish investment funds. Big Sur Ventures y All Iron Ventures.

These two new partners have taken joint control between 10% and 15% of the company.

In this way, it intends to establish itself in the Spanish market and strengthen its sales and technology teams.

At the moment, the company has a team of 25 people. It only operates in Madrid, but plans to start operating in Barcelona and Valencia in a few months, and then move on to other European countries.

OTHER RELEVANT OPERATIONS IN THE SECTOR

VENVIROTECH BIOTECHNOLOGY

It is a biotech company producing environmentally biodegradable and human-compatible bioplastics.

Follow three basic principles to achieve this:

  • Use of bacteria to produce bioplastics
  • Transforming bioplastic into sustainable packaging
  • Feeding of bacteria with organic waste

Recently, VEnvirotech Biotechnology has captured 2M€ for its growth in its first round of financing.

CUBIQ FOODS

Cubiq foods develops and produces cultured fat from animal cells that are tailored to the needs of industrial customersIt has a unique technology to address the need to find an affordable alternative to questionable ingredients such as palm oil.

In its latest round of financing, it has raised 12M€, The company will use these funds to continue its expansion by setting up an R&D laboratory and opening new production plants.

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