Finnish foodtech startup Ruokaboksi secures €3.5M

Ruokaboksi has secured €3.5 million in growth funding from Tesi, Nordic FoodTech VC, and private investors. The startup is doing weekly food and recipe delivery, helping support healthier diets in any household.

• Founded in 2017 by Jesse Fryckman and Juhana Rintala, Ruokaboksi delivers week’s worth of ingredients and recipes at customers’ doorsteps. The home delivery includes fruit boxes or, for instance, breakfast ingredients, allowing to cook varied meals everyday. The startups sources raw ingredients directly from small producers.
• Ruokaboksi is one of the fastest-growing startups in Finland. Since the last year, the company’s revenue has grown 80%, to over €20 million. Ruokaboksi has already worked with over 100,000 households, from Helsinki to Rovaniemi.
• Tesi and Nordic FoodTech VC are the main investors this round. Tesi is a state-owned investor company focusing on Finnish startups from all sectors throughout early-to-late stages. Nordic FoodTech VC is a specialist fund that invests in food tech sector across Nordics and Baltics.

“At Tesi we strive to develop the sustainable, local food production. Hence, we are happy to be now able to support company’s growth and sustainability strategy, together with the entrepreneurs and other investors,”

Esa Koponen, Investment Manager at Tesi, comments.

• The fresh funding will help Ruokaboksi to further scale its raw ingredients delivery, as well as acquire new customers across the country.