Hungarian startup Munch closes Series A round and launches in Romania

Budapest-based foodtech startup Munch has announced the closure of a Series A round led by Piton Capital with participation from FJ Labs, existing investors Fiedler Capital, Tilia Impact Ventures, Silicon Gardens, and angel investors. The amount of fresh investment is undisclosed.

  • Co-founded in 2020 by Bence Zwecker, Albert Wettstein, Kirill Perepelica, and Botond Zsoldos, Munch offers a food management platform for restaurants, bakeries, hotels, supermarkets and other stores to sell surplus food. The platform helps businesses to make food management sustainable from an environmental, social, and economic point of view, enabling clients to reduce food waste and also profitable losses.
  • The startup saved over 800,000 food packages from going to waste, resulting in the prevention of nearly 2 million kilograms of CO2 emission. In September 2023, Munch raised its seed round led by Fiedler Capital and joined by multiple VCs and angels.
  • The fresh Series A round was led by Piton Capital, a venture capital and growth equity firm headquartered in London which invests in businesses with network effects. The firm makes investments ranging from €200,000 to €20 million, since inception it has invested in over 50 businesses, primarily in Europe.
  • Other investors included FJ Labs, a stage-agnostic venture fund headquartered in New York City, and existing investors Hungarian Fiedler Capital, Czech impact fund Tilia Impact Ventures, Slovenian fund Silicon Gardens, and angel investors.

Along with the investment, Munch also announces the launch of its operation in Romania, led by Alexandru Turcanu. The startup aims to bring more partners and save even more food from going to waste.