All posts tagged: 6.9M

Lanch, which creates food delivery brands for influencers, gobbles up .9M

Lanch, which creates food delivery brands for influencers, gobbles up $6.9M

Published by skeptic

Two of the biggest drivers of growth on social and e-commerce platforms have been food and influencers, so it should come as no surprise that startups are now getting in on the act in trying to combine how these two work together. In the latest turn, a startup out of Berlin called Lanch — which teams up with influencers and creators to launch ad-hoc food delivery brands — has raised $6.9 million (€6.5 million) in funding. The startup’s influencer-paired food brands are cooked across “virtual kitchens” — that is, free spaces in existing restaurant and other retail kitchens, not ghost kitchens — and Lanch said that its first effort, a pizza brand called “Happy Slice” created with German YouTubers Knossi and Trymacs, sold more than 30,000 pizzas in its launch weekend, a happy slice that caught investors’ attention. It’s now gearing up for brand two, in a partnership with a German musician called Luciano, called “Loco Chicken.” Crazy times. The Series A is coming from Felix Capital and HV Capital with a number of individuals …

Magnets and water net Magnotherm .9M seed round to kill hazardous refrigerants

Magnets and water net Magnotherm $6.9M seed round to kill hazardous refrigerants

Published by skeptic

A warming world is going to need a lot of cold drinks. Problem is, today’s refrigeration tech is anything but climate friendly. The way we cool our food and drink has barely changed in a century and the technology is still reliant on environmentally harmful refrigerants. Now, a German startup thinks it can freeze those refrigerants out of the market using little more than magnets and water while consuming up to 40% less energy. Magnotherm has been refining its technology, known as magnetocaloric refrigeration, since it was spun out of TU Darmstadt in 2019. Though it’s only a seed-stage company, the startup has already shipped five display coolers to beverage giant Coca Cola, TechCrunch+ has learned, and it’s on track to build another 55 that will be rented out for events. But beverage coolers are just the tech demo: “We are really building a bigger box for supermarket cooling cabinets,” co-CEO Timur Sirman said. “This is where we can actually reduce energy costs and maintenance costs significantly.” The global market for commercial refrigeration is worth …