Online farm market Frischepost insolvent

A Berlin-based e-food company wanted to take over the delivery service two months ago. But for now, Frischepost is without an owner or funds.

The start-up Frischepost was only acquired by Footprint Club in mid-May. But now it has filed for insolvency proceedings. According to Gründerszene, the seven-year-old company cites a botched transaction as the cause.

According to the provisional insolvency administrator Finn Peters, this refers to the new owner Footprint Club. The lawyer did not want to comment on why the expected takeover did not materialize when asked by Gründerszene . He is "very sure" that a solution will nevertheless be found.

Frischepost has received millions in investments since its founding, including from Munich-based impact fund Bonventure, Gütersloh-based private equity firm Sunrise Capital and oat producer Peter Kölln. The purchase price paid by Footprint Club for the start-up was not disclosed at the time. The aim was to bring together many e-food companies in the conglomerate.

Once the insolvency proceedings have been completed, things are expected to move forward again for Frischepost. By the end of August, the online farmers' market could have found a new partner, according to the insolvency administrator. The 65 employees will continue to be paid, while business operations will continue until then.

Frischepost is currently only active in Hamburg. Eva Neugebauer started the company there with Juliane Willing in 2015. A few months ago, Willing withdrew from active business. Neugebauer is optimistic despite the insolvency proceedings: "We are now holding intensive talks with companies that have been expressing interest in a takeover for a long time."