About Choco
Choco is a company based in Berlin (Germany) founded in 2018 by Rogerio Da Silva Yokomizo, Julian Hammer, and Daniel Khachab. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Choco has raised $301.35 million across 6 funding rounds from investors including Bessemer Venture Partners, Coatue and G Squared. Choco has completed 1 acquisition, including Katoo. Choco offers products and services including OrderAgent, eCommerce, SalesHub, PromoHub, and CheckOut. Choco operates in a competitive market with competitors including Silo, BFC Software, Hectar, Avanti Markets and NECS Entree, among others.
- Headquarter Berlin, Germany
- Founders Rogerio Da Silva Yokomizo, Julian Hammer, Daniel Khachab
- Stage Unicorn
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Sectors
Consumer
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Email
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Phone
*********
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Website
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Social
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- Legal Name Choco Communications Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$301.35 M (USD)
in 6 rounds
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Latest Funding Round
$26.58 M (USD), Series B
Feb 01, 2023
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Investors
Bessemer Venture Partners
& 10 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Choco
Choco offers a comprehensive portfolio of products and services, including OrderAgent, eCommerce, SalesHub, PromoHub, and CheckOut. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI captures orders from various sources automatically.
Custom storefronts are provided for online ordering.
Smart CRM tools are offered for sales growth.
Strategic promotions are created to boost sales.
Flexible payment solutions are provided for transactions.
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Funding Insights of Choco
Choco has successfully raised a total of $301.35M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $26.58 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $26.6M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series B - Choco | Valuation | Bessemer Venture Partners , Coatue | |
| Apr, 2022 | Amount | Series B - Choco | Valuation | G Squared | |
| Jul, 2021 | Amount | Series B - Choco | Valuation | Left Lane |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Choco
Choco has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Coatue and G Squared. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Growth-stage technology companies are funded via primary and secondary investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Choco
Choco has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Katoo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of procurement solutions for restaurants and suppliers
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Choco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Choco Comparisons
Competitors of Choco
Choco operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Silo, BFC Software, Hectar, Avanti Markets and NECS Entree, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Software suite solutions are provided for food distributor businesses.
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| domain | founded_year | HQ Location |
Provider of software solutions for food distributors
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| domain | founded_year | HQ Location |
Provider of software solutions for food distributors
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| domain | founded_year | HQ Location |
Supermarket providing a variety of snacks, fruits, and vegetables to customers.
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| domain | founded_year | HQ Location |
Delivers comprehensive ERP solutions tailored for the food distribution industry.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Choco
Frequently Asked Questions about Choco
When was Choco founded?
Choco was founded in 2018.
Where is Choco located?
Choco is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Who is the current CEO of Choco?
Daniel Khachab is the current CEO of Choco. They have also founded this company.
Is Choco a funded company?
Choco is a funded company, having raised a total of $301.35M across 6 funding rounds to date. The company's 1st funding round was a Series B of $100M, raised on Mar 20, 2018.
What does Choco do?
Choco is established as a comprehensive AI-driven platform tailored for food and beverage distributors. Operations are streamlined by automating order processing, enhancing online sales through custom storefronts, and providing mobile-first CRM tools for sales teams. Payment solutions are integrated to ensure faster cash flow. The platform is utilized by thousands of distributors to drive revenue growth and reduce administrative burdens. Focus is placed on the food distribution sector, with solutions designed to eliminate manual tasks and scale operations efficiently.
Who are the top competitors of Choco?
Choco's top competitors include Silo, Hectar and BFC Software.
What products or services does Choco offer?
Choco offers OrderAgent, eCommerce, SalesHub, PromoHub, and CheckOut.
How many acquisitions has Choco made?
Choco has made 1 acquisition, including Katoo.
Who are Choco's investors?
Choco has 11 investors. Key investors include Bessemer Venture Partners, Coatue, G Squared, Insight Partners, and Left Lane Capital.
What is Choco's valuation?
The valuation of Choco is $1.2B as of Apr 2022.