The Wisefood founding team
photo: Wisefood

Munich Foodtech Startups You Should Know About

What we eat is changing: It should be healthier and, ideally, more sustainable and eco-friendly. That’s where these Munich foodtech startups come in.

Yfood: Founded in 2017 by Ben Kremer and Noël Bollmann, the foodtech startup Yfood wants to offer its customers a nutritious meal alternative with its ready-to-go drinks. The ‘meal replacement drinks’ from Yfood are custom-tailored to Generation Y, who have less and less time and tend to have a lower income, but still want to eat an increasingly healthy diet, said the two founders in an interview with Munich Startup. Their approach has won over investors: After a successful deal on the German Shark Tank equivalent ‘Die Höhle der Löwen,’ Frank Thelen got on board as an investor in 2018. In a Series A round in 2019, the Munich startup was able to raise 4.2 million euros, which was followed by an additional 15 million euros in a Series B round in spring 2020. According to Munich Startup Insights, Yfood has a current company valuation of 60 to 90 million euros. Those who are interested in giving the Yfood drinks a try can choose from Smooth Vanilla, Classic Choco, Crazy Coconut or Cold Brew Coffee. (Photo: Yfood)