Dentons advises food startup KoRo on Series C financing for strategic growth

Global law firm Dentons has advised the successfully expanding Berlin-based food start-up KoRo Handels GmbH (KoRo) on Series C financing round of approximately €35 million. New York-based investor Coefficient Capital led the round, which also included existing investors such as Five Seasons Ventures, HV Capital, Partech, Haub Legacy, SevenVentures and others. The financing will enable KoRo to continue its profitable growth strategy, expand its innovative product range, and build on its strong presence in Europe, particularly in France, Italy and the Benelux region.

This is the third such transaction on which Dentons has assisted KoRo, following its €50 million Series B in early 2022, and €20 million financing round in early 2023.

KoRo was founded in Berlin in 2014 and now has approximately 300 employees. The company’s goal is to make high-quality food accessible to the mass market. By skipping trade levels, using efficient logistics processes and offering simply designed bulk packaging solutions, KoRo reduces transport and packaging emissions. The products are sold throughout Europe in the company’s own online shop and in brick-and-mortar and online stores.

A Dentons team led by Thomas Schubert (Partner) and Max Purnhagen (Counsel) provided comprehensive legal advice to the client on the financing round.