Phrases stay undisclosed, though I perceive from a supply near the corporate that it was an “8-digit all inventory” deal and sees buyers, which embody Lukasz Gadowski, Goal World, Level 9, and Northzone, decide up shares in Caterwings’ father or mother firm B2B Meals Group.
Noteworthy, Rocket Web was additionally an investor in Lemoncat, regardless of founding Caterwings, as it’s susceptible to do.
In the meantime, the 2 mixed corporations are disclosing the completion of one other financing spherical to bolster the newly rolled up enterprise. The sees an extra €5 million invested into B2B Meals Group, bringing complete funding to €13 million within the final 9 months.
I’m advised Lemoncat’s legacy buyers participated, signalling that they continue to be bullish on the company catering market, primarily doubling down on their funding within the house moderately than in search of an exit.
“The market in Europe is clearly there and the query will not be whether or not it will likely be digitalized, however solely when,” says Lemoncat founder and CEO Doreen Huber. “Therefore I’m thrilled to be a part of the additional enlargement of the worldwide market management of the B2B Meals Group”.
The merger of the 2 corporations additionally comes shortly after takeout meals behemoth Simply Eat acquired Metropolis Pantry, a rival to Caterwings within the U.Ok., for £16 million.
“It proves to us that additionally the massive shopper meals platforms see how nice the B2B market is,” Huber tells me. “The hampers are a lot greater and due to this fact a enterprise buyer is extra enticing”.