Osnabrück-based NeoTaste, Germany’s fastest-growing GastroTech app, announced a €15.1 million Series A extension. The funding round is led by Earlybird, a leading European venture capital investor, with participation from returning investor Burda Principal Investments (BPI), the independent investment arm of Hubert Burda Media. NeoTaste has raised a total of €21 million, adding to the €5.9 million raised six months prior. CEO Hendrik Sander said: “We are proud to have Earlybird, one of Europe’s leading venture capital funds, join us on our exciting journey with NeoTaste, and we greatly appreciate BPI’s continued trust. With €21 million in Series A funding, we are perfectly positioned to take NeoTaste to the next level on all fronts and realize our vision that has been kept behind closed doors until now.”. The capital from this funding round will support NeoTaste’s ambitious expansion initiatives, including further penetration into European markets following its recent entry into Amsterdam

NeoTaste secures €21M in funding for restaurant discovery.

Neotaste, a German restaurant app that digitally connects guests and gastronomy, announced its Series A round of €5.9 million led by Burda Principal Investments (BPI), the growth capital arm of media and technology company Hubert Burda Media. Existing investors such as Userlane founder Kajetan Uhlig and Flaschenpost co-founders and current CEOs Niklas Plath and Christopher Huesmann also participated.With this investment, BPI, whose investment thesis revolves around supporting high-growth digital platforms for consumers and SMEs, subscription models, and ventures that leverage network effects, adds a digital platform for restaurants and their customers to its portfolio“The two founders and their lean team have developed an engaging product. The platform is highly appreciated by both consumers and restaurants,” said Friedrich von Wulffen, Investment Manager at BPI.“Neotaste has grown strongly in recent months and has been able to increase its turnover exponentially. This is a testament to their scalability and strong network effects, which not only make them an ideal partner for us, but also shows us that expanding their offering into other German cities and the international market is the next logical step,” added Julian von Eckartsberg, Managing Director Europe at BPI.Osnabrück-based Neotaste is a comprehensive app-based solution that integrates customer-restaurant interactions: consumers get exclusive dining deals and restaurants benefit from an accessible platform to enhance customer engagement. More than 300,000 users already have access to deals via the subscription app, which are currently offered exclusively by more than 1,300 restaurants in thirteen German cities. With the new funding, the startup plans to expand to other German cities and internationally, and to add additional products and services to the platform.“We are incredibly thrilled that BPI has joined us as the lead investor for our newest financing round