EQS-News

Heliad AG: Heliad AG leads seven figure Pre-Series A round of Berlin-based ChefCoco

EQS-News: Heliad AG / Key word(s): Investment Heliad AG: Heliad AG leads seven figure Pre-Series A round of Berlin-based ChefCoco 11.04.2024 / 13:58 CET/CEST The issuer is solely responsible for the content of this announcement. Heliad AG leads seven figure Pre-Series A round of Berlin-based ChefCoco as it nears profitability

• ChefCoco, one of the largest corporate meal services providers in Berlin has raised a seven figure round of financing led by Heliad AG and existing investors
• ChefCoco’s unique approach in building and operating a central industrial scale production kitchen has helped it gain a quality and cost advantage in a highly competitive market
• Winning contracts from peers and operating with 100% retention has allowed it to scale operations and is on track to reach profitability in the coming months
• ChefCoco’s production advantages set the stage to enter new distribution verticals

 

Frankfurt am Main, Thursday 11^th of April 2024 – Heliad AG (Stock ticker A7A, ISIN DE0001218063) leads ChefCoco’s seven figure Pre-Series A round, partnering up with founder & CEO Shaminder Dhillon and his team of domain experts on their ambitious mission to serve meals to every table, every day, starting with offices. Existing investors joined the new financing round, including Atlantic FoodLabs and several renowned German business angels such as SB21 and Planetly founder Benedikt Franke.

Smart solution to a well-known problem – ChefCoco is closing the increasing gap between healthy, convenient and affordable meals for companies. Employees enjoy a wide selection of meals, freshly cooked by Michelin-trained staff which can be ordered through the ChefCoco app. The company has built its own industrial scale production kitchen, already one of the largest in Berlin and set-up a modular approach to further scale production capabilities. This gives the team both a cost advantage in production as well as in being able to procure high quality ingredients in bulk at discounted prices. All meals are delivered in its branded reusable containers which are picked up and dropped off daily. This approach also sets a new level of sustainability by cutting packaging or food waste.