# NeoTaste

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neotaste

- Industry: Internet
- Headquarters: Berlin, Germany
- Website: www.neotaste.app
- Total disclosed funding: $23M
- Latest round: Series A (Mar 14, 2024)
- Investors on record: 2

## About

Founded in 2019 and based in Osnabrück, Germany, NeoTaste GmbH, formerly known as Foodisto GmbH, operates as a developer of a mobile application that connects restaurants with users. The company was founded by its CEO, Hendrik Sander and Tobias Düser. In August 2023, NeoTaste GmbH raised EUR 5.9 million in Series A funding led by Burda Principal Investments.

NeoTaste provides a restaurant application, a B2C (business-to-consumer) platform that partners with various restaurants in cities like Bochum, Bonn, Dortmund, Düsseldorf, Essen, Hamburg, Hanover, Cologne, Munich, Münster, Oldenburg, and Osnabrück to offer food and dining deals to app users. The app allows users to search by cuisine, location, and price. In addition, the firm also provides an e-commerce platform where users can buy gift boxes that grant recipients access to various dining offers.

The company generates revenue by offering its services on a subscription-based pricing plan. The plans include a monthly plan (EUR 4.99 per month), and a yearly plan (EUR 2.99 per month).

The company plans to use the funds raised in August 2023 to expand its market reach.

## Funding rounds

- Series A, Mar 14, 2024, $17M — Earlybird, Burda Principal Investments
- Series A, Jul 13, 2023, $6.6M — Burda Principal Investments

## Investors

- Burda Principal Investments (https://capitalatlas.ai/funds/burda-principal-investments) — Series A
- Earlybird (https://capitalatlas.ai/funds/earlybird) — Series A