The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

Better-for-you snacking brand, KoRo, has raised €35 million in an oversubscribed Series C funding round.

The round was led by Coefficient Capital, with participation from existing investors Five Seasons Ventures, HV Capital, Partech, Haub Legacy Ventures and SevenVentures.

The funding will support KoRo’s growth strategy, product innovation and expansion in France, Italy and Benelux.

Toni Petersson, former CEO of Oatly, has joined KoRo’s advisory board. He said: “KoRo’s tech-enabled omnichannel model is one of the most impressive I’ve seen in the industry. By seamlessly connecting online and offline experiences, they’re creating a powerful flywheel effect that drives brand visibility, customer engagement, and long-term growth. This unique approach is key to KoRo’s success and its ability to reach consumers where they are."

KoRo’s performance includes a 50% year-over-year growth rate, and it is now listed in over 13,000 stores across major European chains, including Edeka, Rewe and Albert Heijn.

Florian Schwenkert, CEO of KoRo, commented: “We’re very excited to have Coefficient Capital on board and are also grateful to our existing investors that continue to believe in us, in supporting our mission of revolutionising the snacking industry and leading the charge for innovative and transparent food choices. Also thanks to the outstanding work of our team, we’re well on track to build a truly European omnichannel Love Brand. Many exciting projects and partnerships are already planned for 2025 – there's much more to come from KoRo!”

Arpon Ray, partner at Coefficient Capital, added: “We are thrilled to partner with KoRo at this pivotal stage of their journey. The company’s strong growth, commitment to sustainability, digital-first model and innovative approach to snacking have set them apart. KoRo stands out as a truly differentiated platform, and we believe has the potential to become a global leader in healthy snacking. We’re excited to support their continued expansion into new markets.”

#KoRo