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
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.
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
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.
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
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.
4. 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.
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
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.
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
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.
7. 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.
By growing meat naturally from cells, Mosa Meat endeavors to fast-track its transition to a truly sustainable global food ecosystem.
8. 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.
Food vendors, restaurants, corporate canteens and others working in the food sector can donate food on an ad-hoc or regular basis.
9. 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.
10. 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.
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.
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