Goodminton, a German parent company of active nutrition startup Foodspring, closed a €22m financing round.
The round was led by dairy products company Fonterra.
The new partnership will enable Fonterra to tap into the active nutrition consumer segment, which is valued at $200 billion globally.
Founded by Philipp Schrempp and Tobias Schüle, foodspring is an active nutrition startup with a line of products including whey protein shakes and organic superfoods. Their products are sold online across Germany, Austria, Switzerland, France, Spain, Italy, Poland, Belgium, Netherlands, Denmark, Finland, Sweden, Italy, Spain, Hong Kong, China and the United Kingdom.
Germany-based Goodminton AG, is a venture capital-backed holding company that specializes in sports and lifestyle nutrition brands, operating primarily through one of its group companies, foodspring.