New financing round for Wisefood

The cleantech is getting a seven-figure sum, including from prominent founders. It wants to use the money to develop new, edible disposable products.

Wisefood gains more prominent investors. The Munich-based start-up announced that Trivago founder Rolf Schrömgens, Flaconi founders Björn Kolbmüller and Paul Schwarzenholz, and venture capitalist Better Ventures are getting on board. They put a seven-figure sum into the company. Previous shareholders included delivery giant Delivery Hero and former Telegate CEO Andreas Albath.

Wisefood produces edible disposable cutlery and tableware. With this, the company wants to replace plastic products and reduce waste. The team is also currently working on an edible straw. Among others, Wisefood cooperates with the Austrian supermarket chain Hofer (part of the Aldi group), with the Swiss retail brand Migros and with individual Rewe and Edeka stores in Germany. In total, Wisefood says it sells its products in more than 30 countries.

"Single-use plastic tableware and products are a big driver of global pollution," Better Ventures' Tina Dreimann said at the time of the investment. "Wisefood's products help solve this problem sustainably through biodegradable and edible alternatives." The start-up plans to use the capital to expand its product range. The team around founders Philip Silbernagel, Maximilian Lemke and Patricia Titz is hoping for a boost from the ban on single-use plastic that came into force in the EU this summer.