Vytal in a $10 million Series A funding round led by Grazia Equity.
Vytal, a Cologne, Germany-based startup building a business around a digital reusable packaging system used in the restaurant business, announced closing series A financing round at $10 million.
The money was raised from German investors led by Grazia Equity and joined by IP Group from London, Rubio Impact Ventures and multiple angel investors including SEK Ventures (Flixbus founders), Lawrence Leuschner (TIER Mobility), Philipp Kloeckner (Doppelgänger Podcast), Emanuel Pallua (founder Foodora) and Christian Hardenberg (CTO Delivery Hero).
Vytal, founded in 2019 by Tim Breker, Sven Witthöft and Fabian Barthel, developed a business concept involving a reusable packaging system with premium, 100%-leak proof bowls for take-out and delivery food. The system is targeted at canteen operators, restaurants, supermarkets and delivery services looking to use a Packaging-as-a-Service model and on a pay-per-filling basis. Consumers register in an app or buy an offline member card to receive their food in Vytal's bowls and return them to any partner outlet where the bowls are locally cleaned. The company says it handles around 200k users and works with 2000 partners, including restaurants and large caterers from Eurest, Aramark, Dussmann or Klüh.
Vytal previously raised €2 million in 2021 from investors including Nixdorf Kapital Impact Fund, Burning Issues Impact Fund and angel investors Georg Kofler (via Food Chain GMBH) and Kai Hansen.