# purefood

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

- Industry: Food
- Headquarters: Hamburg, Germany
- Website: www.lycka.bio
- Latest round: Series A (Jan 1, 2019)
- Investors on record: 1

## About

purefood GmbH specializes in innovative biotechnological solutions to enhance agricultural productivity and sustainability, focusing on bio-fertilizers and crop protection products.Founded in 2014 and headquartered in Hamburg, Germany, purefood GmbH operates in the agricultural biotechnology sector. The company has made three notable deals, with the most recent being on October 10, 2023, when it discontinued its operations. Johannes Nass is the founder, and Carlo Kohns serves as the CEO.Lycka Bio, a brand of purefood GmbH, focuses on innovative biotechnological solutions aimed at enhancing agricultural productivity and sustainability. Their core offerings include advanced bio-fertilizers and crop protection products designed to improve soil health and protect crops from pests and diseases. These products utilize natural microorganisms and bioactive compounds to enhance nutrient availability and promote plant growth, addressing challenges in food security and environmental sustainability. Lycka Bio targets various agricultural markets, including North America, South America, and parts of Europe, catering to large-scale farming operations, agribusinesses, and environmentally conscious farmers.In 2022, purefood GmbH generated a revenue of EUR 5,844,101.10, with an EBITDA of EUR -2,960,740. The company follows a business-to-business model, selling bio-fertilizers and crop protection products to agricultural retailers and wholesalers, which distribute to end-users. Revenue is linked to the growing adoption of sustainable agricultural practices across targeted markets.As of October 2023, purefood GmbH has discontinued its operations, which indicates a halt to any future growth plans. There are no current strategies for new product launches or market expansions.

## Funding rounds

- Series A, Jan 1, 2019 — Oyster Bay

## Investors

- Oyster Bay (https://capitalatlas.ai/funds/oyster-bay) — Series A