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‘Bowl food’ startup Poke House closes $24M Series B led by Eulero Capital to expand in Europe

The FoodTech industry is effectively now going into fast food. Sweetgreen in the US is a’ fast-casual’ restaurant chain that serves healthy “bowl food”. It’s created $478.6 M. A similar conglomerate is Sweetfin. Both employ a lot of tech in their back-end to improve efficiencies.

Into this area has come European startup Poke House, which is effectively industrializing the production of “poke bowls” for menu bringing platforms. Poke House specializes in bowl food that often includes marinated fish that’s cubed and layered up with sticky rice, soups , pates, etc.

The company has now elevated EUR2 0 million ($ 24 m) in a Series B funding round to be provided by Eulero Capital, with the backing of FG2 Capital and reinvestment from Milan Investment Partners SGR. It squandering tech and data to optimize the yield and transmission of its commodity via all the major food delivery programmes such as Uber East etc. The Italy-born food tech startup claims to have constructed a” EUR1 00 M+ firm” inside two years.

Founded by Matteo Pichi and Vittoria Zanetti, Poke House has opened 30+ collects in Italy, Portugal and Spain, and now has 400 employees. It’s claiming an expected turnover of EUR4 0M+ in 2021.

With the funding, the startup will start opening new collects in existing groceries, recruit France and start in expansion in the UK.

Poke House says it uses a lot of tech on its back-end, tracking every factor of the give series to optimize the business. It too analyzes data from third-party delivery scaffolds( ie. Deliveroo, Glovo, UberEats) to deliver a sub-1 0 mins meat preparation time, and a bringing day under 25 mins.

Matteo Pichi, Co-Founder of Poke House said: “The pandemic has challenged our food sector, and we consider engineering as the way forward to innovate and digitalize the traditional eatery know-how. We are seeing a shift in people’s libidoes in fast but healthful menu. Poke containers fit this new need and it promotes a more balanced, active and sustainable lifestyle with quick and healthy food options available nearby .”

Speaking to TechCrunch, Pichi supplemented: “Our entrants are the fast-growing health notions such as Sweetgreen or Sweetfin in the US. But in the same time, we think we are lucky because we really are one of the first labels constructed 100% from nutrient transmission professionals or former works. Our next adversaries “re gonna be all” full native virtual symbols extremely strong in data analysis and digital brand building. We use food delivery programmes as media platforms and we expend heavier than competitors in the channel.”

Gianfranco Burei, Founding Partner of Eulero Capital said: “Poke House business mannequin rides some of the main trends in the food sector( food-tech, healthful nutrient, bringing, customization) and has all the characteristics and expertises to slot the company among the top players at European degree. We are thrilled to be a partner of Poke House in an innovative and forward-looking project, in line with our investment strategy which is based on the search for business included in the macro-trends that will characterize the fiscal, technological and social evolution of the coming years .”

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