EUR 5.9 million for neotaste

Burda Principal Investments leads €5.9 million funding round for voucher app Neotaste, which enables restaurants to offer exclusive deals via B2C platform.

Osnabrück, Germany - Burda Principal Investments (BPI), the growth capital arm of Hubert Burda Media, has led the latest financing round for voucher app company Neotaste. Neotaste enables restaurants to offer exclusive deals through their B2C platform, giving users the opportunity to discover new places to eat. A total of €5.9 million was raised in this Series A round, which also included existing investors such as Kajetan Uhlig, founder of Userlane, and Niklas Plath and Christopher Huesmann, co-founders of Flaschenpost and current CEOs.

We are very proud to have BPI as lead investor for our latest funding round. It is a very good sign for us to have such a renowned and respected investor already at this early stage of our journey.

Hendrik Sander, Co-Founder of Neotaste

Neotaste expands BPI's portfolio, which focuses on high-growth digital platforms for consumers, small and medium-sized enterprises (SMEs). The app is based on direct interaction between consumers and restaurants, with a subscription model giving more than 300,000 users access to exclusive deals from over 1,300 restaurants in thirteen German cities.

Neotaste's long-term plans include expansion into additional German cities as well as international markets. The startup also plans to add additional products and services to its platform to diversify its offerings.

Together with their lean team, the two founders have developed an attractive product. The platform is highly appreciated by consumers and restaurants.

Friedrich von Wulffen, Investment Manager at BPI

The participation of well-known investors like BPI and existing supporters underlines the potential of Neotaste in the field of voucher apps and gastronomic offers. The app has already built a significant user base and is helping restaurants increase their visibility and attract new guests.

It remains to be seen how Neotaste will execute its expansion plans and whether it will succeed in the highly competitive coupon app industry. The company's ability to create attractive offers and maintain a user-friendly platform will be crucial to attract user attention and succeed in the long run.