TLDR:
- NeoTaste, a German restaurant discovery app, secures €15.1 million in Series A extension funding.
- The funding round is led by Earlybird and includes participation from Burda Principal Investments.
Osnabrück-based NeoTaste, Germany’s fastest-growing GastroTech app, announced a €15.1 million Series A extension. The funding round is led by Earlybird, a leading European venture capital investor, with participation from returning investor Burda Principal Investments (BPI), the independent investment arm of Hubert Burda Media. NeoTaste has raised a total of €21 million, adding to the €5.9 million raised six months prior. CEO Hendrik Sander mentioned the company’s excitement to have Earlybird join them on their journey and the trust they place in BPI. The capital from this funding round will support NeoTaste’s ambitious expansion initiatives, including further penetration into European markets and expansion into additional German and European cities. The app offers exclusive deals to customers while helping restaurants expand their customer base. Since its launch in September 2021, NeoTaste has attracted over 750,000 users and partnered with more than 3,000 restaurants across 27 cities in Germany, with plans to expand internationally.
Partner Dr. Christian Nagel and Principal Dr. Maresa Buttlar from Earlybird praised NeoTaste’s growth and business model, while Friedrich von Wulffen from BPI expressed enthusiasm for the company’s success. Julian von Eckartsberg from BPI looks forward to continuing collaboration with the NeoTaste team. Overall, the company aims to reshape the future of gastronomy with its platform.
