Polish marketplace Foodsi has raised €1.2 million in a seed round extension, bringing the total value of the round to over €2.5 million. The financing was provided by existing and new investors, including AIP Seed, Satus Starter, and AC/VC Impact Fund. The startup shared the details with AIN.
About Foodsi
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Foodsi is a Polish marketplace for surplus food from restaurants, bakeries, and stores, which was created by Mateusz Kowalczyk and Kuba Fryszczyn.
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The company has developed a platform that allows restourants and shops to sell off surplus food. The platform allows customers to purchase high-quality items at discounts up to 70%. Users can quickly reserve surprise packages from over 6,000 venues across Poland, including major cities like Warsaw, Wrocław, Kraków, Poznań, and the Tricity area, with pickup available the same or next day. The offerings depend on each venue's menu and sales.
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The platform also launched a pilot for a new solution aimed at manufacturers. It enables manufacturers to sell short-expiration products directly to homes, including seasonal items and overstock.
From the left: Bartek Knichnicki, Partner, Satus Starter, Kuba Fryszczyszyn, Co-Founder Foodsi, Mateusz Kowalczyk, Co-Founder Foodsi, Darek Żuk, CEO & Founder AIP Seed. Image: Foodsi
The solution basically provides a win-win situation for customers and restaurants, enabling access to high-value food, meal kits, cosmetics, and plants at attractive prices, but also helping to reduce product waste.
Investment details
The seed extension round was backed by AIP Seed, Satus Starter, and AC/VC Impact Fund.
- AIP Seed is an early-stage venture capital fund founded by Dariusz Żuk, dedicated to fostering innovation and supporting ambitious entrepreneurs in Poland.
“Back in February 2021, we invested in an excellent team and their initial traction with strong conviction that this team would deliver success. We continued our commitment with the seed round two years ago and now double-down on its extension, increasing our stake also through the buyback of secondaries. Since our initial investment, Foodsi has achieved 30-fold growth, proving it’s one of the fastest-growing companies in our portfolio,” says Darek Żuk, CEO and Founder of AIP Seed.
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SATUS is a group of entities managing seed and venture capital funds. The activity of SATUS concerns especially innovative companies in the earliest stage of development, which have the highest return on investment rate, but also involve the highest risk.
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AC/VC Impact Fund, powered by foodtech.ac, invests in pre-seed and seed-stage startups in Central and Eastern Europe.
The fresh funds will enable Foodsi to fuel its growth, expand its product and sales teams, and increase operational efficiency. The company is also preparing for subsequent funding rounds.
