Berlin-based snacking company KoRo raised €35 million in a Series C funding round.
Coefficient Capital led the investment round with participation from existing investors including Five Seasons Ventures, HV Capital, Partech, Haub Legacy Ventures, and SevenVentures.
What KoRo Does
Founded in 2014 by Constantinos Calios and Piran Asci, KoRo specializes in providing a wide range of snacks and natural foods. Their offerings include products like nut butters, dried fruits, clean-label snacks, and functional foods, all designed with transparency and quality in mind.
KoRo focuses on catering to health-conscious consumers who value convenience and innovation.
With over 2 million customers across Europe, KoRo has a strong retail presence, featuring more than 13,000 points of sale in major chains such as Edeka, Rewe, and Albert Heijn.
Purpose of the Funding
According the official press statement, the fresh capital will be used to accelerate KoRo’s growth strategy, with specific focus on:
- Expanding European Operations: KoRo aims to strengthen its presence in key markets such as France, Italy, and the Benelux region, building on its existing customer base and retail network.
- Product Innovation: The company plans to enhance its product development pipeline, introducing new and innovative snacks that meet the needs of health-conscious consumers.
- Sustainable Growth: The funds will support efforts to maintain profitability while scaling operations, ensuring long-term stability and success.
Looking Ahead
With the new funding, KoRo is now well-positioned to continue its mission of offering high-quality, innovative snacks to consumers across Europe.