Smunch announced funding of €18 million since launch, backed by Luxor Capital Group, Thomassin, Nosara Capital and Colle Capital.

Germany United Kingdom United States Investments 14 October 2020
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Smunch, a Berlin, Germany-based B2B food delivery service, announced that it raised €18 million ($21.2M) in capital funding.

The money represents the capital raised since the company's founding in 2016, provided by investors including Luxor Capital Group, Thomassin, Nosara Capital and Colle Capital.

Smunch, founded by Oliver Hüfner and CEO Shivram Ayyagari, positions itself as an online canteen, as it built a food delivery service for companies. The company works with restaurants and, as a complement of its delivery service, provides also so-called ‘smart fridges’ stocked with fresh food, as well as snack boxes and fruit baskets.

Smunch has about 80 employees, supporting more than 100 corporate customers in Berlin, Hamburg and Munich - including Mercedes Benz, Nike and N26.

Prior to this round, in 2016, Smunch announced investment backing from LeadX, Techstars and Metro Xcel.