Our batch #10 alumni startup Wisefood has successfully completed their Series A financing round!
The company receives a seven-figure sum from several private investors. Wisefood intends to use the funding to expand their plastic-alternative product portfolio to other sustainable items in addition to their edible drinking straws. Last year they replaced more than 50 million plastic straws with their edible “Superhalm” straws which are made completely out of renewable materials. During our program the company worked together with our corporate partner ALDI and they have continued their cooperation since – Superhalm straws can be found in more than 4,200 ALDI Nord and ALDI SÜD branches throughout Germany! The company is now planning to export to other countries as well.
Congratulations to Wisefood and all the best for their future!
Read @Munich Startup’s article about Wisefood’s financing round and future plans here (in German): https://www.munich-startup.de/58993/series-a-finanzierung-wisefood/
And more about Wisefood’s products here: https://www.wisefood.eu/