Digital Restaurant Ordering Platform Becomes Unicorn
Berlin start-up Choco has broken the USD one billion mark after taking in EUR 102 million in Series B-2 funding. The company, which offers ordering services to restaurants and food suppliers, doubled its value in the past 6 months and increased its users by 350 percent in 2021. The value of the products bought and sold on the platform is more than EUR 1.17 billion.
“This new financing round makes it possible for us to accelerate product development, tackle new projects and expand our customer services,” said Choco CEO Daniel Khachab in a statement. “It drives our global growth so that we can continue to pursue our goal of getting rid of food waste within supply chains by making them more transparent.”
Choco says its service can help reduce the approximately twelve million tons of food thrown away in Germany every year.
The Choco team © Choco