Categories: Tech & Society

Berlin’s HelloFresh Raises $7.5 Million to expand service in U.S.

HelloFresh.com, a Berlin, Germany-based company that aims to make tasty, healthy meals at home as effortless as possible, has nabbed another $7.5 million to boost its market share in the U.S. and elsewhere.

This is the third round of financing for the company, which has now raised a total of $20 million. The Moscow-based VC firm Phenomen led the round, and Vorwerk Ventures and Holtzbrinck Ventures participated. Rocket Internet and Investment AB Kinnevik are existing investors.

The site lets home cooks choose from up to five new recipes created by professional chefs and nutritionists. The ingredients are then delivered direct to the customer’s door. The recipes take 30 minutes or less to prepare, only require basic kitchen equipment, and come with step-by-step instructions.

HelloFresh says it now shifts several million meals in its core markets. Since the last funding round in December, the company says it has quadrupled its revenue, and doubled its margins.

Via: VentureBeat

 

Team TechPanda

Recent Posts

What happens to your personal data? How AI ensures your digital footprint stays secure?

Each tap, click, and action in the online world adds to our increasingly vast digital…

22 hours ago

The AI Editor has arrived: What Human-in-the-Loop publishing & ecommerce really looks like

Artificial Intelligence is no longer just a futuristic concept in publishing and e-commerce. It’s here,…

5 days ago

After the artist & the writer it’s the developer’s turn to rethink careers as AI starts coding

The artist and the writer have been living in fear of AI taking over their…

6 days ago

Geek Appeal: New gadgets & apps on the block

The Tech Panda takes a look at recently launched gadgets & apps in the market.…

7 days ago

With top engineers from India in hot demand globally, Ness Digital Engineering champions internal pathways to leadership  

India’s tech and IT sector continues to grow, expected to top $300 billion in fiscal…

1 week ago

NTT debuts ultra-fast IOWN network with cross-border Kabuki performance

Japanese tech giant NTT showcased the latest in Innovative Optical and Wireless Network (IOWN) technology…

1 week ago