Melitta and Burda acquire majority stake in Roastmarket

Burda subsidiary The Enabling Company and coffee manufacturer Melitta acquire a majority stake in the coffee start-up. Melitta is now the Frankfurt-based company's largest shareholder with a stake of 72 percent.

The Melitta Group and The Enabling Company (TEC) have been involved in Roastmarket since 2019 and have now acquired a majority stake: As the Lebensmittel-Zeitung reported, Melitta now owns 72 percent and TEC, the investment arm of Burda Verlag, 28 percent. Melitta previously held around 25 percent of Roastmarket.

As an online platform, the coffee start-up offers over 100 types of coffee, but also sells coffee-related products. Founded in 2015 by Boris Häfele and Philip Müller, the company now employs 122 people. Müller left his start-up at the beginning of this year, but Häferle will remain on board after the takeover and continue to work on the development of Roastmarket.

Nothing about the platform is set to change, Melitta announced to start-up scene "With our strategic financial investment, we want to offer the platform a development framework that supports the further expansion of roastmarket.de," Gründerszene quotes the company as saying.