The Rainforest Company (TRC), one of the fastest, most profitable growing FoodTech companies in Europe pioneering sustainable and healthy food, successfully closed a EUR 36 million growth financing. This is one of the largest financing rounds in the FoodTech sector in Germany, Austria and Switzerland in 2022 and the largest round for a FoodTech company founded and led by a woman in Europe.
As part of this transaction, growth capital of EUR 36 million was raised via a capital increase, convertible loans and bank financing. In addition, company shares were unplaced. The financing round was led by the British family office Kaltroco of CVC Capital founder Steve Koltes, as well as Florian Wendelstadt, former European head of General Atlantic, and included other investors such as Futury Capital, Corecam Capital and Green Generation Fund, among others. Together with seed investor Katjesgreenfood, TRC now has a strong investor base to support its growth plans.
M.M.Warburg & CO acted as exclusive transaction advisor to TRC and its shareholders in this financing round.