The popular European snacking brand has secured €35 million in its latest Collection C funding round. The financing round was led by Coefficient Capital, a New York-based progressive private equity firm renowned for its investments in innovative brands such as Oatly, Simply Spices, and Magic Spoon. The company received additional investment from its existing backers, including 5 Seasons Ventures, HV Capital, Partech, Haub Legacy, and SevenVentures, in a further demonstration of their confidence in the startup’s potential.

The recent influx of capital will fuel KoRo’s ambitions for growth, with a particular focus on driving progress in France, Italy, and the Benelux region.

According to Florian Schwenkert, CEO of KoRo, “,”

As of 2014, KoRo employs more than 300 people and is available in over 10,000 retail stores across Europe.

With a robust customer base exceeding two million across Europe and its commitment to social responsibility validated by B-Corp certification secured just this year, KoRo has achieved significant milestones in its growth trajectory. The corporation is on track to achieve over 50% growth in gross sales and profitability by 2024. As KoRo’s European footprint expands, it has formed a strategic partnership with Dutch retail giant Albert Heijn, while also securing Olympic gold medallist Teddy Riner as its model ambassador in France.

According to Arpon Ray, Associate at Coefficient Capital, “”

With the goal of further strengthening its leadership, KoRo has recently appointed the former CEO of Oatly, Toni Petersson, to its esteemed Advisory Board, solidifying its commitment to innovation and strategic growth. “” says Petersson.