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- yfood Labs
yfood Labs Acquisition, Valuation, Funding & Investors
yfood Labs was acquired by Nestlé for $523M in June 2026, a 3.1x multiple on $171M of revenue.
yfood Labs revenue at acquisition
$171M
Last twelve months · Jun 2026
yfood Labs revenue multiple at acquisition
3.1x
EV/Revenue · Jun 2026
Cumulative funding yfood Labs raised
$256M
across 4 funding rounds
About yfood Labs
yfood Labs is a Munich-based food-tech company producing complete-nutrition shakes, powders, and bars. Each product delivers 100 percent of daily vitamins, minerals, proteins, and fibers in low-calorie formats under 400 kcal per serving. yfood distributes through supermarkets like REWE and Edeka in Germany, Austria, and Switzerland, plus online subscriptions. Launched in 2016, the brand expanded to Italy and the UK with powdered variants.
Founded
2017
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Subscription, Product sales
Revenue
$138M (Mar 2023)
Valuation
$494M (Mar 2023)
yfood Labs Acquisition
yfood Labs was acquired by Nestlé for $523M on 2 June 2026.
The acquisition price implies a 3.1x revenue multiple on $171M of revenue.
Before the acquisition yfood Labs had raised $256M across 4 funding rounds.
Nestlé is acquiring the remaining 51% of yfood Labs from its founders, giving it full ownership of the Munich-based smart food brand. The transaction’s financial terms were not disclosed by the parties, but the deal was reported at a valuation of about USD 523 million, and the remaining shares are expected to transfer on 3 July 2026. yfood generated approximately EUR 150 million in sales in 2025, which was described as double-digit year-on-year growth. The company makes ready-to-drink meals, as well as powders and food bars, and is preparing to expand beyond Europe into new markets. The deal is positioned as Nestlé’s first acquisition under new CEO Philipp Navratil.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 2 Jun 2026 | Strategic M&A | $523M | 3.1x |
Sources: fooddive.com
yfood Labs Valuation
yfood Labs is currently valued at $494M, based on its strategic investment round in March 2023.
The $233M round was led by Nestlé.
yfood Labs valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2023 | Strategic investment | $494M | 3.6x |
yfood Labs Revenue
yfood Labs' latest recorded revenue is $138M, as of its strategic investment round in March 2023. At a $494M valuation, that implies a 3.6x revenue multiple.
yfood Labs revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2023 | $138M | $494M | 3.6x | Strategic investment |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
yfood Labs Funding History
yfood Labs has raised a total of $256M across 4 funding rounds.
yfood Labs' first fundraising round was a $1M seed round in November 2018. The most recent completed round was a $233M strategic investment round in March 2023.
yfood Labs funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2023 | Strategic investment | Nestlé (lead) | $233M | $494M | Yfood Labs GmbH, founded in Munich in 2017 by Ben Kremer and Noël Bollmann, is a direct-to-consumer food tech startup specializing in meal replacement drinks, powders, and nutrition bars. In early March 2023, Nestlé acquired a 49.95% stake in the company, valuing Yfood at €430 million ($469 million), with Nestlé's investment portion valued at €215 million. This transaction, reported as closed around April 6, 2023, involved Nestlé purchasing shares from all prior venture investors including Felix Capital, Fonterra, and Five Seasons, while the founders retained 50.05% ownership and continued to operate independently. The deal marked a substantial exit for Yfood's early backers, who had collectively invested only $22.6 million prior to this. Yfood reported €120 million ($131 million) in sales for 2022 and has achieved profitability. The company, which grew 100% per year, plans to use the partnership for international expansion and new sales channels, excluding the U.S. market initially. No new capital was injected into Yfood as part of the transaction, distinguishing it from traditional VC funding rounds; instead, it was a secondary share sale. Sources confirm the post-money valuation at €430 million based on the stake acquisition pricing. |
| Apr 2020 | Series B | Felix Capital (lead); Fonterra; New Ground Ventures; Five Seasons Ventures | $17M | - | - |
| Jun 2019 | Series A | Five Seasons Ventures (lead); New Ground Ventures | $5M | - | YFood Labs, a Munich-based meal-replacement startup founded in late 2017 by Noel Bollmann and Benjamin Kremer, develops nutrient-rich, drinkable full-meal solutions including 330-ml and 500-ml shakes in flavors like Smooth Vanilla, Alpine Chocolate, Fresh Berry, Cold Brew Coffee, Apple-Cinnamon, and Happy Banana. The products are lactose-free, gluten-free, sugar-free, and contain carbohydrates, proteins, 26 essential vitamins and minerals, and fiber with a 12-month shelf life without preservatives. Available in 25 EU countries and stocked in major German retailers such as Edeka, Rewe, Globus, Kaufland, Tegut, Müller, and Rossmann, YFood targets millennials with convenient nutrition amid growing meal-skipping trends. In June 2019, YFood Labs raised €4.2 million (US$4.7 million) in a Series A funding round led by Five Seasons Ventures, with participation from New Ground Ventures and existing investor Frank Thelen. The funds were allocated to expand the product range, hire staff, strengthen market position in the DACH region (Germany, Austria, Switzerland), and broaden operations and business reach. Five Seasons Ventures highlighted the founders' drive, focus on the German-speaking market, and ability to build a consumer tribe. By 2019, the company had grown to over 60 employees and recently launched self-mixing powders. It promoted sustainable logistics via its online shop with large orders delivered every six weeks. Plans included expanding into plant-based and vegan products, conducting a carbon footprint assessment, and pursuing certifications like B-Corp. |
| Nov 2018 | Seed | Freigeist Capital (lead) | $1M | - | - |
Who has invested in yfood Labs?
6 investors have backed yfood Labs across its funding rounds, including Five Seasons Ventures, New Ground Ventures, Felix Capital, Nestlé, Freigeist Capital and Fonterra.
Lead investors include Nestlé, Felix Capital, Five Seasons Ventures and Freigeist Capital.
yfood Labs Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jun 2019 | ||
| 2 | Lead | Jun 2019 | ||
| 1 | Lead | Nov 2018 | ||
| 1 | Lead | Mar 2023 | ||
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Start Free Trialyfood Labs Competitors
yfood Labs competitors include listed companies like Scitop Bio-tech, Sido Muncul and Top Gum, and private ones like v2food, The EVERY Company and Perfect Day.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $559M | - | ||
| Publicly listed | $55M | $18M | $560M | - | ||
| Publicly listed | $230M | $94M | $584M | 2.6x | ||
| Private | - | - | $586M | - | ||
| Private | - | - | $600M | - | ||
| Publicly listed | $101M | ($8M) | $439M | - |
yfood Labs Public Comps
yfood Labs is no longer listed, but its public comps include Kofola, Sligro Food Group, Inghams Group, Zinzino Holding, Atria, Vital Farms, Arabian Mills, Fonterra Shareholders' Fund, Scitop Bio-tech and Wisynco Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $509M | $92M | 1.7x | 1.6x | 9.1x | 9.8x | |||
| $3.1B | $177M | 0.4x | 0.4x | 6.4x | 7.0x | |||
| $2.2B | $279M | 0.6x | 0.6x | 5.1x | 6.4x | |||
| $324M | $46M | 1.4x | 1.2x | 10.0x | 7.8x | |||
| $2.1B | $146M | 0.4x | 0.4x | 6.1x | 5.6x | |||
| $759M | $102M | 0.8x | 0.8x | 5.8x | 18.0x | |||
| $266M | $101M | 2.7x | 2.6x | 7.2x | 6.9x | |||
| $38M | - | 12.7x | 0.0x | - | 0.4x | |||
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Common questions about yfood Labs
| When was yfood Labs founded? | yfood Labs was founded in 2017. |
| Where is yfood Labs headquartered? | yfood Labs is headquartered in Munich, Germany. |
| Is yfood Labs publicly listed? | No, yfood Labs was acquired by Nestlé in June 2026. |
| Who acquired yfood Labs? | yfood Labs was acquired by Nestlé in June 2026. |
| How much was yfood Labs acquired for? | yfood Labs was acquired for $523M in June 2026, a 3.1x revenue multiple. |
| What is yfood Labs' valuation? | yfood Labs was last valued at $494M in its strategic investment round in March 2023. |
| How much funding has yfood Labs raised? | yfood Labs has raised $256M across 4 funding rounds. |
| What was yfood Labs' last funding round? | yfood Labs' last funding round was a $233M strategic investment round in March 2023, led by Nestlé. |
| Who are yfood Labs' investors? | yfood Labs' investors include New Ground Ventures, Five Seasons Ventures, Freigeist Capital, Nestlé, Felix Capital and Fonterra. |
| What is yfood Labs' revenue? | yfood Labs' latest recorded revenue is $138M (March 2023). |
| What is yfood Labs' revenue multiple? | yfood Labs' latest valuation implies a 3.6x revenue multiple ($494M valuation on $138M of revenue). |
| Which companies are comparable to yfood Labs? | Companies comparable to yfood Labs include v2food, Scitop Bio-tech, Sido Muncul, The EVERY Company, Perfect Day and Top Gum. |
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