Swedish FoodTech N! CK’S Raises $ 100 Million
Swedish company FoodTech N! CK’S, which makes healthy snacks and ice cream, announced Thursday, October 28 that it has completed a $ 100 million Series C fundraiser that will fuel European and North American growth, expansion and doubling of the product portfolio. its number of stores in 2022, according to a UK Tech News report.
Kinnevik, Ambrosia Investments and Temasek led the fundraising effort, which also included support from Gullspång, with early investors Oatly, Peak Bridge, Capagro and Nicoya completing the round.
N! CK’S plans to make “significant investments in R&D efforts focused on innovative solutions that make the world a healthier place,” and will also hire new employees and step up its marketing efforts.
“Healthier lifestyles and nutritional science have just received a boost of $ 100 million,” Niclas Luthman, founder and head of R&D, said in the UKTN report. “My dream is to change our relationship with snacking into something totally positive.
“This round of investment will deliver our message and fuel the R&D effort that lies ahead to make more and more snacks that are better for you and for the planet,” he said.
N! CK’S products are available in 16 markets including the UK and US. They have grown from 4,500 stores in the United States in 2020 to 6,700 in 2021.
Related: Indian food delivery start-up Zomato files $ 1.11 billion IPO
In April, the Indian food delivery platform Zomato went public in Mumbai with an initial public offering estimated at $ 1.1 billion. Zomato, backed by the Chinese group Ant, has more than 5,000 employees and is available in 10,000 cities in 24 countries.
The startup recently partnered with Indian FinTech InCred on a program that provides access to credit to partner restaurants. InCred provides loans to small businesses, including channel financing, term debt, and equity debt.
Zomato acquired the Indian food delivery unit from Uber Eats last year, giving Uber Eats India a valuation of between $ 160 million and $ 200 million.