Foodles, a pioneering company in the new generation foodservice sector, has announced a €31 million funding round with InfraVia Growth and Bpifrance via its Large Venture fund, as well as its historical investors, Creadev, DN Capital and Adelie. In a market that is undergoing major restructuring, Foodles aims to become the European leader.
Founded in 2015 by two food enthusiasts, Foodles is giving the foodservice sector a major update with user-friendly company canteens that provide environmentally-friendly gourmet food 24/7.
Two years after an initial funding round of €9 million from Creadev, DN Capital and Adelie, Foodles’ two founders, Clément Bonhomme and Michaël Ormancey, are continuing to expand the company and have raised a further €31 million, a record amount in this new segment of the foodservice industry. The fundraising was carried out with InfraVia Growth (lead investor) and Bpifrance via its LargeVenture fund, as well as with historical investors. The two founders will retain control of the company.
Michaël Ormancey and Clément Bonhomme, co-founders of Foodles:
“Foodles wants to transform corporate catering by offering a responsible, tasty alternative to the traditional company canteen. Together with our partners, we aim to create the conditions for lunch breaks at work to be a healthy, enjoyable experience that reflects the way employees’ requirements have evolved, throughout Europe.”
• InfraVia Growth
• DN capital
• Bpifrance Large Venture
The European foodservice market currently represents €240 billion. Since the start of the Covid-19 crisis, the traditional players have been in difficulty and are struggling to reinvent themselves. Faced with widespread remote working, many large companies in the private and public sectors, such as the SNCF Group, La Monnaie de Paris, Oddo BHF, Gecina, the Municipality of Issy-les-Moulineaux, and Ubisoft have recognized the benefits of the flexibility and agility of Foodles' new model. Today, Foodles plans to accelerate its growth in France and across Europe.
Alexandre Neuvéglise (Creadev) :
“Foodles’ pioneering model in the new generation canteen market is particularly relevant in an environment where customer demand for quality and innovation is increasing. Creadev is proud to support a future European champion that has placed these two themes at the heart of its growth ambitions.”
Foodles has made the acceleration of its geographical growth a priority since 2020. Regional offices have already been set up in Lille, Lyon, Strasbourg, Marseille, etc., and in Brussels. Foodles’ objective is now to deploy its model in other European countries by recruiting local teams in order to adapt the culinary offer to local requirements.
With this fundraising, Foodles intends to maintain and accelerate its lead in the cloud canteen sector. Its R&D and culinary production unit will triple its workforce. Foodles also aims to strengthen its direct partnerships with producers in order to maintain a responsible, sustainable offer and to support environmentally-friendly channels.
Guillaume Santamaria & Julie Lewkowicz (InfraVia Growth) :
“The Covid-19 crisis has accelerated the digitalization of companies and the emergence of new demands from employees in terms of company catering. With its digital canteens, Foodles uses consumption data to optimize the entire value chain and drastically reduce waste. We are proud to help them become European leaders in their market.”
Yassine Soual, Bpifrance Large Venture :
“Foodles enables the fast-changing foodservice sector, to adapt to consumer expectations in terms of quality, digitalization and flexibility. We are proud to support Michael, Clément and the Foodles team in their development and are convinced that Foodles can become a reference player in this segment.”