14 million euros for Nu Company

Lisa Marie Münster Lisa Marie Münster | 31.08.2021

Nico Rosberg invests, Tina Müller advises: Nu Company not only receives 14 million euros in its Series A financing round, but also renowned investors and board members.

Nu Company is already an established brand on Instagram with its vegan chocolate bars, and now the Leipzig-based company has raised 14 million euros in its Series A financing round. The round is led by DLF Venture, based in Brussels and London, and also includes Five Seasons Ventures, DX Ventures, BackBone Ventures and Austrian venture capitalist Square One Foods. Money is also coming from DHDL judge and Formula 1 world champion Nico Rosberg. In addition, notable minds such as Douglas CEO Tina Müller and strategy consultant Andrea Gislee Joosen are joining Nu Company's board of directors.

"Series A helps us bring more products to market that can make a real positive difference in the mass market. We also want to be even more easily available - whether across Europe in the supermarket around the corner or with a click online," explains co-founder Christian Fenner. To this end, the start-up's team is also to be expanded.

Founded in 2016 by Fenner, Thomas Stoffels and Mathias Tholey, the company focuses on sustainability and environmental awareness in every detail of its products: unrefined sugar, organic, sustainable packaging and one tree planted per bar sold. By its own account, the Nu Company 2021 is seeing double-digit sales growth in its third year and has its products in 10,000 markets.

"the nu company shows how you can make the world more sustainable with healthy, environmentally conscious consumption," Douglas CEO Müller says with conviction. Clément Helinck explains what moved DLF to invest: "What convinced us was that the team would never cut corners." And he sees a "very involved buyer base and enormous growth rates" at the Leipzig-based company, which, according to the Senior Associate, is evidence of "a clear market fit and a lot of potential".


Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts