KoRo expands Series B to 20 million euros

The food brand KoRo receives € 20 million in fresh capital from new investors and existing shareholders. The aim is to build a product-focused omnichannel brand.

The company has received € 20 million in fresh capital from new investors, including SevenVentures, Associated British Foods and Haub Legacy Ventures, as well as from all existing institutional shareholders such as HV Capital, Five Seasons Ventures and Partech. The company aims to become the European category leader, focusing on established food markets with high growth potential such as France, Italy and Scandinavia.

We see great potential in merging the various channels and countries into a common platform and brand.

Florian Schenkert, KoRo GF

The company's aim is to make high-quality and innovative food products accessible to a wide audience. KoRo saves on transport and packaging emissions through efficient logistics processes and simply designed bulk packaging solutions. Last year, the company was able to save 57 tons of plastic packaging. KoRo plans to make the CO2 emissions of the entire retail chain of around 100 products transparent in 2023 and to use the first plastic-free packaging for the snack category. The range is currently 60% vegan and 40% organic.

With our high-reach TV and digital channels of the ProSiebenSat.1 Group, we will support KoRo in increasing awareness of the brand

Florian Hirschberger, CEO SevenVentures

About KoRo

KoRo is a Berlin-based food brand founded in 2014 by Constantinos Calios and Piran Asci. It now employs around 260 people. Florian Schwenkert joined the management team in 2020. The products are sold via the company's own online store as well as in retail stores and other online platforms in many European countries.