# Marley Spoon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/marley-spoon

- Industry: Consumer Services
- Headquarters: Berlin, Germany
- Website: www.marleyspoon.de
- Total disclosed funding: $35M
- Latest round: Series B (Jun 14, 2016)
- Investors on record: 7

## About

Based in Germany, Marley Spoon AG operates a meal kit delivery service that provides fresh ingredients and chef-curated recipes directly to customers' homes, catering to the needs of busy households.Marley Spoon AG is a meal kit delivery service founded in 2014 in Berlin, Germany. The company was co-founded by Daniel Jarosch, Fabian Siegel, Jennifer Aaronson, and Till Neatby. CEO Fabian Siegel leads the firm, which has successfully completed 10 deals to date. In June 2018, Marley Spoon AG raised AUD 70 million in an IPO, selling shares on the Australian Securities Exchange. Recently, the company secured USD 65.00 mn in a VENTURE DEBT round led by Runway Growth Capital, bringing the total amount raised to USD 56.00 mn.The core offering of Marley Spoon is a meal kit delivery service that delivers fresh ingredients and recipes to customers' homes, targeting couples, families, and friends looking for convenient cooking solutions. Customers can choose from over 80 recipes, developed by chefs and nutrition experts, across a variety of dietary preferences, including vegetarian, low-calorie, and family-friendly options. The company focuses on using high-quality ingredients sourced from trusted suppliers to ensure both flavor and health. Marley Spoon operates primarily in several geographical markets, including Germany, Austria, the Netherlands, Australia, and the United States, catering to the growing demand for convenient and healthy meal preparation among busy households.For the year 2022, Marley Spoon recorded a revenue of USD 422.83 mn and an EBITDA of USD -12.16 mn. The company generates revenue through a subscription-based model, allowing customers to select meal plans that suit their needs. Clients subscribe to receive weekly deliveries of meal kits, which include pre-portioned ingredients along with preparation instructions, promoting direct-to-consumer transactions that enhance customer engagement and loyalty.Marley Spoon plans to leverage its recent funding to introduce new meal kit offerings and expand its market presence. The company is focused on enhancing its product range and targeting new regions for growth, although specific markets and timelines have not been disclosed. The proceeds from the recent VENTURE DEBT funding will be utilized to support these initiatives, including the development of innovative meal solutions and enhancing operational capabilities.

## Funding rounds

- Series B, Jun 14, 2016, $7.3M — Lakestar, QD Ventures
- Series B, Mar 14, 2016, $17M — Kreos Capital, Luxor Capital Group, Lakestar, QD Ventures
- Series A, Apr 23, 2015, $3.8M — Lakestar
- Series A, Aug 21, 2014, $5.4M — Point Nine, Global Founders Capital
- Seed, Jun 2, 2014, $2M — Rocket Internet SE

## Investors

- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Seed
- Point Nine (https://capitalatlas.ai/funds/point-nine) — Series A
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A
- Lakestar (https://capitalatlas.ai/funds/lakestar) — Series A, Series B
- Kreos Capital — Series B
- Luxor Capital Group (https://capitalatlas.ai/funds/luxor-capital-group) — Series B
- QD Ventures — Series B