Foodspring reaps benefits of corporate backing

Apr 9, 2018 • Robert Lavine

Fonterra Ventures and Ringier Digital Ventures both took part in a $27.1m round for the nutritional product brand.

Germany-based Foodspring has raised €22m ($27.1m) in a round featuring Fonterra Ventures, the corporate venture capital arm of dairy exporter Fonterra Co-operative Group.

Ringier Digital Ventures, the corporate venturing unit run by media group Ringier, and venture capital firm Btov Ventures also participated in the round, according to Gründerszene.

Founded in 2013, Foodspring produces and sells nutritional products to promote weight loss, muscle building and general healthy living.

Tobias Schüle, Foodspring’s co-founder and CEO, said: “We are pleased to have…

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