Key Takeaways:
- Munch, a prominent food-saving app in Central-Eastern Europe, announces Series A funding led by Piton Capital with participation from notable investors.
- Founded in 2020, Munch merges with Nesnězeno in 2022, boasting over 3,000 partners and 1.5 million downloads across three countries.
- The app has saved over 1.5 million food packages in Hungary and the Czech Republic and won prestigious sustainability awards.
- With the new funding, Munch aims to expand into Romania and further its mission to combat food waste globally.
Munch’s Mission and Growth
Munch, one of the most extensive food-saving applications in Central-Eastern Europe, proudly announced its Series A funding round. Founded by Botond Zsoldos, Bence Zwecker, Albert Wettstein, and Kirill Perepelica in 2020, Munch is dedicated to reducing food waste through innovative technology.
Strategic Partnerships and Milestones
In November 2022, Munch took a significant step by merging with the Czech-based app Nesnězeno, founded by Jakub Henni. This strategic union expanded their network to over 3,000 partners, marking over 1.5 million app downloads across three countries. Munch has impressively saved over 1.5 million food packages in Hungary and the Czech Republic, showcasing their effectiveness and commitment.
Recognition and Awards
Munch’s efforts haven’t gone unnoticed. Their impactful work in sustainability has earned them the prestigious Sustainable Company of the Year award and the Food Waste Prevention Award at the Hungarian National Agricultural and Food Industry Exhibition, highlighting their influence at the policy level.
Influential Investors and Funding Details
While the exact amount remains undisclosed, the Series A funding round is led by Piton Capital, with co-investment from FJ Labs and participation from prominent figures like Christopher Muhr and Kai Hansen. This round also sees continued support from existing investors, demonstrating confidence in Munch’s vision and impact.
Expansion Plans and Future Outlook
With prior successes in Hungary, the Czech Republic, and Slovakia, Munch is now gearing up to tackle food waste in Romania, where over 2.2 million tons of food are wasted annually. CEO Bence Zwecker expresses confidence in this move, citing the involvement of top-tier investors as a testament to Munch’s potential and a powerful alliance to drive their sustainable mission globally.
Collaborations and Upcoming Initiatives
The company boasts successful collaborations with major brands like Starbucks and PENNY and has an exclusive presence in every SPAR and INTERSPAR store in Hungary. With the new influx of funds, Munch is poised for its most significant expansion yet, targeting Romania and setting sights on further global impact.
