Snack Brand KoRo Gains €35 Million for Market Growth
The KoRo management team with new Advisory Board member Toni Petersson From left to right KoRo founder Constantinos Calios, CEO Florian Schwenkert, Advisory Board member Toni Petersson and CFO Dr Daniel Kundt - © KoRo
According to the company's press release, KoRo, the innovative snacking brand, has successfully closed a €35 million Series C funding round, signaling strong investor confidence in its growth strategy. The round, led by New York-based Coefficient Capital, was oversubscribed and included existing investors like Five Seasons Ventures and HV Capital.
KoRo, recently crowned the strongest startup brand in Germany by Jung von Matt and Appinio, is targeting aggressive expansion across Europe. The company plans to leverage the funding to strengthen its omnichannel presence, particularly in France, Italy, and the Benelux region.
With over two million customers and B-Corp certification, KoRo aims to become the top love brand in every German household while simultaneously expanding internationally. The company expects over 50% revenue growth in 2024 and has already made significant market strides, including a major listing with Netherlands' largest retailer, Albert Heijn.
Toni Petersson, ex-Oatly CEO and new advisory board member, praised KoRo's innovative approach, highlighting its unique ability to connect online and offline consumer experiences. The funding round demonstrates robust investor belief in KoRo's potential to transform the snacking industry.
