Choco

Choco is a provider of a digital platform connecting restaurants and their suppliers in order to optimize the food supply chain.

Choco is aimed at building a more sustainable food system for restaurants and suppliers.

Choco was founded in 2018 by Daniel Khachab. The company is headquartered in Berlin, Germany, with presence in the U.S., Germany, France, Spain, Austria and Belgium.

 

Choco developed a software that digitizes ordering, supply chain and communications for suppliers and restaurants to give back some of that time. The company has the potential to help millions of people globally to trade their goods in a digital and more efficient way.

 

Choco also collects data in real time so that suppliers can more accurately balance supply and demand so less food is wasted before it reaches the consumer.

 

Choco is currently working with around 15,000 restaurant customers and 16,000 on the supply side. And as of February 2022, the total value of goods traded through Choco exceeded $1.2 billion.

 

Choco is backed by Insight Partners, Coatue Management, G Squared, Left Lane Capital, Bessemer Venture Partners, Atlantic Labs, Target Global, Greyhound, and others. The company raised $111M in Series B2 round on Apr 12, 2022. This brings Choco's total funding to $274.7M to date. The latest round mints Choco a unicorn with a valuation of $1.2B post-money.

 

 

  • Year founded: 2018
  • Funding Info: $274.7M over 5 Rounds (Latest Funding Type: Series B2)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $1.2B as of Apr 12, 2022
  • City/Town: Berlin
  • State: Berlin
  • Country: Germany
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