KoRo, Berlin healthy snack firm, raises €35m

KoRo, the Berlin-based healthy snack brand, announced the completion of its oversubscribed €35 million Series C funding round.

The round was led by New York–based Coefficient Capital, a consumer-focused firm known for its early investments in food brands including Oatly, Just Spices and Magic Spoon, with participation from existing investors Five Seasons Ventures, HV Capital, Partech, Haub Legacy Ventures and SevenVentures, among others.

“The funding enables KoRo to further accelerate its profitable growth strategy, enhance its product innovation pipeline, and expand its strong European footprint, particularly in France, Italy, and Benelux,” said KoRo.

“Recently recognized as the #1 strongest startup brand in Germany by German advertising group Jung von Matt and market researcher Appinio, KoRo has become a European leader in the snacking category, with a brand that resonates deeply with consumers.

“Additionally, the company achieved B-Corp certification in 2024, joining a global community of businesses meeting high standards of social and environmental impact.

“Furthermore, Toni Petersson, ex-CEO of Oatly, recently joined the Advisory Board.”

KoRo CEO Florian Schwenkert said: “We’re very excited to have Coefficient Capital on board and are also grateful to our existing investors that continue to believe in us, in supporting our mission of revolutionizing the snacking industry and leading the charge for innovative and transparent food choices.”

Arpon Ray, Partner at Coefficient Capital, said: “We are thrilled to partner with KoRo at this pivotal stage of their journey.

“The company’s strong growth, commitment to sustainability, digital-first model and innovative approach to snacking have set them apart.

“KoRo stands out as a truly differentiated platform, and we believe has the potential to become a global leader in healthy snacking. We’re excited to support their continued expansion into new markets.”