[06 June/EU-Startups]

Munich based YFood Labs has secured 4.2 million euros (approx. NZD $7.4 million) in Series A funding, with the goal of creating nutrient rich and bringing convenient full meal solutions to millennials. The series round was led by food-tech investor Five Seasons Ventures. YFood makes a well-balanced meal in drink format to bring convenience for its customers. The company has achieved tremendous growth within a short period of time, via direct-to-consumer sales and over 6,000 physical points-of-sale, serving over two million meals. The finding will be used to widen the company’s product portfolio and grow the size of its team.