Blue Farm apparently receives three million euros

According to a media report, this means the startup has closed another round of funding.

Berlin-based startup Blue Farm has raised three million euros in a funding round, according to a report by Vegconomist raised three million euros in a funding round. The round was led by Zintinus Capital, according to the report. The foodtech investment fund was launched by ex-Metro CEO Olaf Koch. The family office of Flensburg-based brewer HGDF and existing investor Übermorgen Ventures from Zurich also added capital.

Katia Pott and Philip von Have founded Blue Farm in 2019, and as of January this year they employed ten people. The start-up develops oat drinks - in powder form. Currently, there are four different variants. Customers should be able to mix the drinks themselves easily. In this way, Blue Farm wants to make its product more environmentally friendly than conventional oat drinks. Packaging waste will be reduced to a minimum, the startup says.

"We are happy to have found such strong investors who share our vision of a plant-based diet," von Have told Vegeconomist . The startup now plans to use the money to expand its online business.