Gastro start-up Choco likely to receive 33 million euros

The ordering platform reached a billion-euro valuation in spring. According to Handelsblatt, the Berlin-based company is now on the verge of concluding a new financing round.
News by Marius Ochs Marius Ochs · Stuttgart, 15. December 2022

The ordering platform reached a billion-euro valuation in spring. According to Handelsblatt , the Berlin-based company is now on the verge of completing a new financing round.

According to a report in the German newspaper Handelsblatt is about to close a new financing round of 33 million euros. According to the report, founder Daniel Khachab plans to announce the news to his more than 400 employees on Thursday. In spring, Choco reached a valuation of 1.13 billion euros, making it one of the German "unicorns". This valuation is expected to remain stable.

The new internal financing round is to be led by Insight, G Squared and Bessemer. Left Lane is also expected to participate. The investors are therefore almost identical to those in April, when Choco raised 102 million euros. In total, the start-up will have received 283 million euros. The fresh capital will flow into product development, customer service and expansion. Profitability will not become the focus of the company, which was founded in 2018, until 2026, Handelsblatt quotes a spokesperson as saying.

Choco wants to digitalize order management as well as the supply chain and communication between suppliers and restaurants. The aim is also to reduce food waste, for example. Its customers include Edeka Foodservice, Möllers, Marker, Delta and the Dinkelacker-Schwaben Bräu breweries.


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