Clipperton advised Foodles, the first connected canteen service, on its € 9 million financing round with Creadev, DN Capital and Adélie Capital
Clipperton acted as sole financial advisor to Foodles.
- Creadev, the family office of the Mulliez Family (Auchan, Décathlon, Boulanger, etc.), led this € 9 million financing round, also backed by DN Capital and Adelie Capital
- The funding will help Foodles speed up its commercial development and deploy its solution beyond Paris and its surroundings. Part of the proceeds were also used to acquire all the shares of existing investor Elior.
- This transaction highlights Clipperton’s unparalleled expertise in the foodservice industry following a series of landmark transactions for companies such as Quitoque, FoodChéri, Glovo, Gastrofix, etc.
Paris, June 2019 – Clipperton, the European tech investment bank, is proud to announce it acted as sole financial advisor to Foodles, which provides canteen-like services based on connected fridges and workplace delivery, on its € 9 million Series B round.
Founded in 2015 by Michaël Ormancey and Clément Bonhomme, Foodles became the first French player to offer plug & play, connected canteen services to companies. Foodles provides its corporate clients with connected fridges fulfilled each day with healthy fresh meals for their employees. The company also complements its on-premise offering with a pre-order service in the morning, with delivery at the workplace. Foodles already managed to convince 50 companies with its new-generation corporate catering model, and today delivers approximately 5,000 employee meals per day.
“The originality of the model lies in the use of the connected fridge as a central and direct access point in the workplaces, which allows both very strong end-user retention and significant efficiency gains on delivery rounds” explains Michaël Ormancey, CEO and co-founder of Foodles. “We have had the chance to study all the different models in this space, and we are convinced that Foodles’ is the winning one” says Florent Thomann, Board member at Creadev.
With this additional financing, Foodles will be able to develop its commercial team, deploy its concept to other major French and European cities, and maintain its strong technological leadership. The transaction also allowed Foodles to part ways with catering and foodservice company Elior, which had invested in the company early on.
For more information, please contact:
- Thomas Neveux, Managing Partner
- Baptiste Clair, Director
- Arthur Morel, Analyst
Clipperton is a European independent corporate finance advisory firm exclusively dedicated to the Technology space, advising high growth companies on M&A transactions, debt financings and equity offerings. With offices in London, Berlin, and Paris and an international reach, Clipperton is a European leader in Technology financial advisory. Over the past 15 years, the team has successfully completed more than 300 high profile transactions globally. For more details please visit [ clipperton.net ]( http://clipperton.net )