About Just Spices
Just Spices is a company based in Dusseldorf (Germany) founded in 2012 was acquired by Kraft Heinz Company in December 2021.. Just Spices has raised $14.44 million across 2 funding rounds from investors including Kraft Heinz Company, Five Seasons Ventures and Simon Capital. Just Spices offers products and services including Spice Mixes, Spice Sets, and Gewürzboxen. Just Spices operates in a competitive market with competitors including Lokaliter, Art of BBQ, NJ Himalaya Forest, beSchoki and Aruhma, among others.
- Headquarter Dusseldorf, Germany
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Sectors
RetailAgriculture
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.44 M (USD)
in 2 rounds
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Latest Funding Round
$14.44 M (USD), Series B
Jan 10, 2020
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Investors
Kraft Heinz Company
& 5 more
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Employee Count
Employee Count
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Acquired by
Kraft Heinz Company
(Dec 10, 2021)
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Products & Services of Just Spices
Just Spices offers a comprehensive portfolio of products and services, including Spice Mixes, Spice Sets, and Gewürzboxen. 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.
Blends of spices for enhancing various dishes
Collections of spices for gifting or sampling flavors
Customizable boxes with spice mixes for cooking needs
Funding Insights of Just Spices
Just Spices has successfully raised a total of $14.44M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $14.44 million completed in January 2020. 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 2
- Last Round Series B — $14.4M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series B - Just Spices | Valuation | Five Seasons Ventures , Bitburger Ventures | |
| Feb, 2014 | Amount | Seed - Just Spices | Valuation |
investors |
| 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 Just Spices
Just Spices has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Kraft Heinz Company, Five Seasons Ventures and Simon Capital. 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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Food tech companies are invested in by Five Seasons Ventures.
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Founded Year | Domain | Location | |
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Venture capital investments are provided to innovative, sustainable startups.
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Founded Year | Domain | Location | |
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Investment in consumer shifts is facilitated by Coefficient Capital.
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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 Just Spices
| 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 |
Financial Statements - Just Spices
| 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 |
Just Spices Comparisons
Competitors of Just Spices
Just Spices 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 Lokaliter, Art of BBQ, NJ Himalaya Forest, beSchoki and Aruhma, 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 |
An e-commerce store specializing in a variety of premium spices.
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| domain | founded_year | HQ Location |
Provides catering with grilled meats, burgers, and vegetarian options for events.
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| domain | founded_year | HQ Location |
NJ Himalaya Forest operates a direct-to-consumer brand specializing in premium spices.
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| domain | founded_year | HQ Location |
Operates a direct-to-consumer brand specializing in spices products.
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| domain | founded_year | HQ Location |
Provides pre-measured Indian spice blends for quick, vegan-friendly home meals.
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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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Frequently Asked Questions about Just Spices
When was Just Spices founded?
Just Spices was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Just Spices located?
Just Spices is headquartered in Dusseldorf, Germany. It is registered at Dusseldorf, North Rhine-westphalia, Germany.
Is Just Spices a funded company?
Just Spices is a funded company, having raised a total of $14.44M across 2 funding rounds to date.
What does Just Spices do?
Just Spices was founded in 2012 in Dusseldorf, Germany, as an online retailer in the food and beverage sector. Raw spices numbering 122 varieties and 80 spice mixes are provided, along with accessories and recipes. Operations include delivery to over 30 countries via partnership with DHL, with a minimum order value of 5 and shipping fees ranging from 3.90 to 8.90 depending on location.
Who are the top competitors of Just Spices?
Just Spices's top competitors include Lokaliter, Art of BBQ and NJ Himalaya Forest.
What products or services does Just Spices offer?
Just Spices offers Spice Mixes, Spice Sets, and Gewürzboxen.
Who are Just Spices's investors?
Just Spices has 6 investors. Key investors include Kraft Heinz Company, Five Seasons Ventures, Simon Capital, Coefficient Capital, and Döhler Ventures.