Dentons Acted on KoRo's €20 Million Financing Round for European Retail Platform Expansion

Dentons Acted on KoRo's €20 Million Financing Round for European Retail Platform Expansion

KoRo, a Berlin-based food startup, has received strategic growth financing round advice from Dentons, resulting in a €20 million investment.

The funding round was backed by various investors, including HV Capital, Five Seasons Ventures, Associated British Foods, Partech, SevenVentures, Haub Legacy Ventures, and other venture capital investors.

The financing is expected to bolster KoRo's standing as a market leader in the DACH region and expedite its profitable expansion throughout Europe.

KoRo, established in 2014, has expanded to include 260 employees. Its mission is to make innovative vegetarian and vegan food accessible to a wide range of customers. The company achieves this by cutting out trade stages, utilising efficient logistics processes, and employing straightforward bulk packaging solutions, reducing transport emissions and packaging waste.

KoRo products are available in its own e-shop and other retail and online stores across 16 European countries, in addition to Germany. KoRo's rapid growth has earned it recognition as one of Europe's 10 fastest-growing e-commerce companies.

The financing round for KoRo was advised by a Dentons team headed by partner Thomas Schubert, with support from senior associates Max Purnhagen and Matthieu Emonet, all from the Corporate/M&A/Venture Technology team in Berlin. Dr. Axel Schlieter, a partner in Banking and Finance in Düsseldorf, also contributed to the team's efforts.

Dentons had previously advised KoRo on its Series B financing, raising approximately €50 million, in early 2022.