Choco becomes a unicorn

Two investors ensure that the company is now worth 1.12 billion euros.

The Berlin start-up Choco has reached a valuation of 1.12 billion euros. This means the company can now call itself Unicorn and is one of the few billion-euro start-ups in Germany. The company has developed a messenger app for the hospitality industry. Last July, the valuation was 500 million euros - and has now doubled. According to founder scene because two existing shareholders invested an additional 102 million euros in the company.

The most recent financing round was led by Californian growth investor G Squared, which had also previously backed Airbnb and Uber. The fund had already invested in Choco in 2021. G Squared has now teamed up with investor Insight Partners. Together, the investors have invested more than 100 million euros. Insight Partners invested in Choco in the summer.

Daniel Khachab, Julian Hammer and Rogério da Silva Yokomizo founded Choco in 2018. Since then, the company has raised 275 million euros. The Choco app connects restaurateurs and suppliers via a messenger. This is intended to replace individual calls. Ultimately, the app should result in as few delivery errors as possible. The aim is to waste as little food as possible. According to the company, 15,000 restaurant owners and 10,000 retailers are already using the app.