NZ's Fonterra joins German startup YFood's $16m round

NZ's Fonterra joins German startup YFood's $16m round

Photo: Pixabay

Fonterra has joined a group of companies investing 15 million euros ($16.3 million) in German food start-up YFood, according to a statement on Tuesday, the latest sign that companies are aiming to tap global shifts in eating habits.

The “Series B” funding was led by London-based venture capital firm Felix Capital and apart from Fonterra included existing investors in YFood, Five Seasons Ventures and New Ground Ventures, YFood said in a release.

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