Foodspring and ReBuy secure double-digit million financings

07 Mar 2018

Foodspring and ReBuy secure double-digit million financings

The provider of high-quality sports food Foodspring as well as the platform operator for second-hand goods ReBuy closed financing rounds of €22 million (ReBuy) and €21 million (Foodspring). The investments allow each company to continue pursuing their growth strategies and strengthening their brands.

Fonterra, one of the biggest dairy enterprises worldwide, leads the round of Foodspring. It is the first investment in the start-up segment completed by the young venture arm of the multi-billion group, founded only in 2017. The existing shareholder Ringier and btov also participated in the round.

The round of ReBuy is led by the private equity investor Evoco. The British investment fonds Headway and Keyhaven Capital Partner as well as the new management of ReBuy also participated with investments. By joining the round, the board members of ReBuy want to demonstrate how strongly they believe in the success of the business model.

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