KoRo, a Berlin, Germany-based food brand, raised €20M in Series B extension.
The round, which brought the total amount of the Series B to €75M, saw participation from SevenVentures, Associated British Foods, and the Haub Legacy Ventures as well as its existing shareholders HV Capital, Five Seasons Ventures and Partech.
The company intends to use the funds to accelerate the growth of KoRo in Europe with its offering and offline channels.
Founded in 2014 by Constantinos Calios and Piran Asci, KoRo stands for high-quality and innovative food products at fair prices. The assortment of KoRo can be found on KoRo’s own website with integrated online store, in thousands of retail stores and other online shops. KoRo operates in Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Poland, Portugal, Spain, Sweden, Switzerland and the United Kingdom.
In 2020, Florian Schwenkert has joined the management team. KoRo now employs around 260 people.
FinSMEs
24/04/2023