DX Ventures supports €14 million series A funding for the nu company, the challenger brand out to disrupt the food industry

Leipzig, 08/31/2021. The Leipzig-based food startup the nu company, creators of the vegan and sugar-reduced chocolate bar line nucao and the organic protein brand numove, has successfully completed its first financing round. Notable Series A investors include lead investor DLF Venture as well as Five Seasons Ventures and DX Ventures. The Board of Directors will also welcome to its ranks Tina Müller, CEO of the international perfumery chain Douglas and Andrea Gisle Joosen, a senior executive with expertise in branding, strategy and business development. Additional investors in the €14-million round include Formula 1 world champion and sustainability entrepreneur Nico Rosberg and the Austrian food VC fund Square One Foods.

Co-Founder and CMO Christian Fenner says,”We want to turn the food industry on its head –so that the focus is no longer solely on profit, but on the future of our planet and the health of its people. This Series A will help us bring more products to market that can bring about a real and positive change in the food industry. In addition, we want our products to be even easier to access throughout Europe, whether at the local supermarket or with a single click online. This is why we are currently looking to expand our team with the best talents in key sectors and geographies who share our passion for positive and sustainable change.”

Douglas CEO Tina Müller believes in this vision, adding: “the nu company is showing how to make the world more sustainable through healthy, environmentally conscious consumption. I‘m delighted to be able to contribute toward this in my new role as a member of the Board of Directors.”

According to co-founder and CFO Thomas Stoffels, in 2021, the nu company recorded triple-digit sales growth for the fourth consecutive year, with its products already available in over 10,000 stores. The company is behind all-organic products with few ingredients, less sugar, plastic-free packaging and a negative CO2 balance. For every product sold, the company plants a tree in cooperation with its partner Eden Reforestation Projects and is expected to surpass the 10 million tree milestone this year.

Clément Helinckx, Principal at lead investor DLF Venture, explains, “What convinced us was that the team would never be cutting corners in the wrong areas. The goal is always to bring a healthier option to everyone’s table without neglecting the environment. The result is excellent consumer engagement and outstanding growth rates. It’s exciting to see a brand spread its wings so quickly. This shows a clear adjustment of the market and a great deal of potential to trigger long-term changes.”

The up-and-coming food startup already drew attention last October with an open letter in Der Spiegel addressed to politicians and large corporations. Co-founder and CEO Mathias Tholey explains, “We don‘t stop at our own products. There needs to be a change in consciousness in the industry as a whole. That’s why we’re putting the pressure on and demanding that politicians and large corporations follow suit, so we can treat consumers and our planet with respect and operate in a way that’s appropriate for all generations.”

About the nu company
The Leipzig-based sustainable food startup the nu company is disrupting the food industry and bringing a lasting impact to it. Founded in 2016 by three industrial engineers, Christian Fenner, Thomas Stoffels and Mathias Tholey, the purpose-driven company has committed itself to healthy, plastic-free and climate-positive snacks, joining the growing number of companies pioneering positive impact businesses. Driven by its company DNA “food for a nu world”, the startup is uncompromisingly rethinking the future of food all products are of natural origin and of certified organic quality, vegan, free of refined sugar and wrapped in specially developed home-compostable cellulose packaging. As part of its climate-positive mission, the nu company supports reforestation projects in collaboration with the organisation Eden Reforestation Projects by planting one tree for every product sold.

the nu company GmbH
Lucas Neurauter c/o BETTERTRUST GmbH, Luisenstraße 40, 10117 Berlin
Tel: 030 / 340 60 10 – 93
[email protected]