Choco announced $100 million in Series B funding, led by Left Lane Capital.

Choco, a Berlin, Germany-based SAAS developer for restaurant supply chain management, announced the closing of a $100 million series B funding round.

The money was raised from investors led by the US-based VC Left Lane Capital, joined by venture capital and private equity firm Insight Partners, with further participation from existing investors Coatue Management and Bessemer Venture Partners. Deal puts a $600 million post-money valuation on the company.

Proceeds will be used for growing the company's existing customer footprint in its six current markets: the United States, Germany, France, Spain, Austria, and Belgium.

Choco, founded in 2018 by CEO Daniel Khachab, Julian Hammer and Rogério Da Silva Yokomizo, developed a digital ordering workflow and communication tool for restaurants and suppliers to facilitate food procurement. The company says it has over ten thousand active restaurants and suppliers on its platform across the US and Europe.

Choco previously raised $63.7 million series A split in two rounds, one in 2019 and the other in 2020.