TOP 10 FoodTech Startups of Europe
TOP 10 FoodTech Startups of Europe

The European FoodTech industry is at an all-time high with major innovation being showcased by many of its startups. In 2019 itself, European FoodTech startups raised a ground-breaking €2.4 Billion in investments, a figure that is 70% more than what was raised in 2018. 

FoodTech startups in Europe are working vigorously to transform the way food is prepared and made available to us in order to bring the world closer to a healthier and more sustainable future.

We bring before you the Top 10 FoodTech Startups of Europe:

1. Deliveroo

Deliveroo
Deliveroo

Founders: Greg Orlowski and William Shu

Founding Year: 2012

Headquarters: London, England

Funding received: US$ 1.5B

Investors: Accel, Index Ventures, General Catalyst, T. Rowe Price, NGP Capital, Future Fifty, DST Global, Fidelity Management and Research Company, Entrée Capital, Amazon, Felix Capital, 14W, JamJar Investments, Hummingbird Ventures, Rancilio Cube, Hoxton Ventures, Greenoaks Capital, Greyhound Capital, H14, Angel Capital Management, GC Capital, Bridgepoint, Hermes GPE, GR Capital, Greg Marsh, Alvaro Álvarez del Río and Arnaud Bertrand

Deliveroo owns and runs an online food delivery service in the United Kingdom. Its platform enables users to order food from local restaurants. It has partnered with some of the major chain restaurants across the UK, with the majority of them present solely on the Deliveroo app in consort with thousands of independent restaurants. 

Deliveroo
Deliveroo

Presently, Deliveroo operates in 200 locations across the United Kingdom, the Netherlands, France, Belgium, Ireland, Spain, Italy, Australia, New Zealand, Singapore, Hong Kong, the United Arab Emirates and Kuwait.

2. foodpanda

foodpanda
foodpanda

Founders: Benjamin Bauer, Christian Mischler, Felix Plog, Kiren Tanna, Ralf Wenzel and Rohit Chadda

Founding Year: 2012

Headquarters: Berlin, Germany

Funding received: US$ 749.5M

Investors: Rocket Internet, Kinnevik AB, Prosus & Naspers, Goldman Sachs Investment Partners, Phenomen Ventures, Delivery Hero, Falcon Capital and iMENA Group

foodpanda is a global online food delivery marketplace headquartered in Germany that provides its users with a platform to place orders at local restaurants through its website or mobile app. Customers are able to enter their postcodes on the site, search for food from a range of restaurants, and place an order.

foodpanda
foodpanda

The startup goes by the name foodpanda in Asia and Europe and hellofood in Africa, Latin America, and the Middle East. So far, foodpanda has collaborated with more than 60K restaurants worldwide, including Pizza Hut, Subway, KFC, McDonald’s, and Jollibee. The startup has a presence in over 40 nations and 500 cities across 5 continents.

Initially, foodpanda was owned by German startup Rocket Internet and was later acquired by Delivery Hero in late-2016.

3. Picnic

Picnic
Picnic

Founders: Frederik Nieuwenhuys, Joris Beckers and Michiel Muller

Founding Year: 2015

Headquarters: Amsterdam, Noord-Holland

Funding received: €350M

Investors: ABN AMRO Fund, NPM Capital, De Hoge Dennen Capital, Hoyberg, Finci

Picnic operates an online platform with the aim of providing grocery store services at low prices. It receives all the orders from users a day before via its mobile app and sends them to bakers, greengrocers, and other suppliers. It distributes orders using electric vehicles, enabling consumers to order all of their groceries easily.

Picnic
Picnic

4. Wolt

Wolt
Wolt

Founders: Elias Aalto, Juhani Mykkänen, Lauri Andler, Mika Matikainen, Miki Kuusi and Oskari Petas

Founding Year: 2014

Headquarters: Helsinki, Finland

Funding received: US$ 283.7M

Investors: 83North, ICONIQ Capital, Lifeline Ventures, Inventure, EQT Ventures, Highland Europe, GS Growth, First Fellow Partners, Ilkka Paananen and Risto Siilasmaa

Wolt is a food-delivery platform that enables its customers to order food from the startup’s restaurant partners via mobile apps or a website. Customers can either pick up their order or have it delivered by the Wolt’s delivery partners. 

Wolt
Wolt

As of September 2019, Wolt operates in 18 countries and more than 60 cities, including Tempere, Turku, Tallinn, Stockholm, Vilnius, Copenhagen, Oslo, Prague and several others. Wolt has over 6K restaurant partners, 12K delivery partners and 3 million registered users.

5. Oatly

Oatly
Oatly

Founders: Bjorn Oste

Founding Year: 1990

Headquarters: Malmö, Skane Lan

Funding received: US$ 241.4M

Investors: Blackstone Group, Verlinvest, K2 Global, Strand Equity Partners, China Resources, Roc Nation, Oprah Winfrey, Howard Schultz, Orkila Capital, Natalie Portman and Rabo Corporate Investments

Swedish startup, Oatly produces replacements for dairy products made from oats. delivers products that have maximum nutritional value and minimal environmental impact. Its patented enzyme technology duplicates nature’s own process and converts fiber-rich oats into nourishing liquid food extremely suitable for humans. The Oatly brand is available in more than 20 countries throughout Europe and Asia. 

Oat Drink
Oat Drink
Oat Spread Tomato Basil
Oat Spread Tomato Basil
Matcha Latte
Matcha Latte
Oatgurt Strawberry
Oatgurt Strawberry

Oatly is on a mission to improve the quality of lives of people and the overall wellbeing of the planet through a collection of original oat drinks.

6. Gousto

Gousto
Gousto

Founders: James Carter and Timo Boldt

Founding Year: 2012

Headquarters: London, England

Funding received: US$ 179M

Investors: Business Growth Fund, Future Fifty, MMC Ventures, Unilever Ventures, Angel CoFund, Barclays, Hargreave Hale, Perwyn, Joe Wicks, Ian West and Andreas Raffel

Gousto is an online meal-kit manufacturer and seller, providing its customers with all the ingredients in the right amounts to cook delicious meals at home. It leverages artificial intelligence and automation to provide wide-ranging choices and customization for food preparation. The foodstuffs provided in the meal-kit are organic, fresh, and seasonal. Consumers get to choose the recipes online and the selection is updated every week to make sure there are enough new and innovative recipes for them. The recipes are delivered right to the consumers’ doorstep once a week, so they decide when to cook.

Gousto
Gousto

7. Mosa Meat

Mosa Meat
Mosa Meat

Founders: Mark Post and Peter Verstrate

Founding Year: 2015

Headquarters: Maastricht, Limburg

Funding received: €64.5M

Investors: Lowercase Capital, M Ventures, Blue Horizon Ventures, Agronomics, Nutreco and Bell Food Group

The Dutch FoodTech startup, Mosa Meat produces slaughter-free hamburgers. The burger is made from cow cells, rather than raising and killing a whole animal. Mosa Meat intends to commercialize cultured meat (clean meat or cell-based meat) to feed delicious, healthy, environment and animal-friendly food to the world’s budding population.

Mosa Meat

By growing meat naturally from cells, Mosa Meat endeavors to fast-track its transition to a truly sustainable global food ecosystem.

Thousands of individual muscle fibres combine to form a humble hamburger
Thousands of individual muscle fibres combine to form a hamburger

8. OLIO

OLIO
OLIO

Founders: Saasha Celestial-One, Tessa Clarke and Tessa Cook

Founding Year: 2015

Headquarters: London, England

Funding received: US$ 10.1M

Investors: Accel, Octopus Ventures, Upscale, Will Brooks, Will Martin, Mustard Seed, Simpleweb, Quadia, Julien Codorniou, Jason Stockwood, Quentin Griffiths, Bran Investments, Wayne Churchill and Silvergate Investments 2

OLIO is free of cost app connecting people in the same neighborhood so extra food and other items can be shared, not thrown away. Its location-based app and website allow people to list and post a photo of unwanted food items to be shared with needy people or others who wish to eat such food. The food must be fit for human consumption and can be raw or cooked, sealed or open. 

OLIO
OLIO

Food vendors, restaurants, corporate canteens and others working in the food sector can donate food on an ad-hoc or regular basis.

9. Oddbox

Oddbox
Oddbox

Founders: Deepak Ravindran and Emilie Vanpoperinghe

Founding Year: 2016

Headquarters: London, England

Funding received: £3.5M

Investors: Northern Venture Capital Trust

Oddbox claims to be London’s first and only startup that offers a surplus veg box delivery system. It is a socially mindful business fighting food waste in UK’s farms with state-of-the-art solutions, with its first solution being London’s first fruit and veg box scheme. It buys fresh and extra products for a fair price directly from local farms and markets and delivers them in a weekly subscription box arrangement to South London’s homes and Central London’s offices at prices 30% less than similar box services. Oddbox also donates 10% of its produce to charities that fight and work to eradicate food poverty.

Oddbox
Oddbox

10. ResQ Club

ResQ Club
ResQ Club

Founders: Antti Sykäri, Janne Käki, Marko Rintamäki, Matias Piiparinen and Tuure Parkkinen

Founding Year: 2015

Headquarters: Helsinki, Finland

Funding received: €820K

Investors: Rancilio Cube, Ananda Impact Ventures, Loudspring, Atlantic Food Labs, Peter Carlsson and Lasse Järvinen

ResQ Club connects sustainable restaurants, cafes, and grocery stores with consumers who prefer eating affordable quality food. The startup aims to reduce food waste with its exclusive location-based mobile and web service, through which it enables consumers to find and utilize surplus food in their propinquity.

ResQ Club
ResQ Club

The ResQ app gives a 50% discount to its customers from restaurants with surplus food. In return, contributing restaurants get an extra mode of earning revenue and new customers. The startup is currently active in cities across Finland and Sweden, along with Berlin and Warsaw. 

We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!

Next Top 10 FinTech Startups of Europe Story.

LEAVE A REPLY

Please enter your comment!
Please enter your name here