About NeoTaste
NeoTaste is a company based in Berlin (Germany) founded in 2019 by Hendrik Sander and Tobias Duser.. NeoTaste has raised $22.99 million across 2 funding rounds from investors including Earlybird, Burda Principal Investments and Kajetan Uhlig. NeoTaste offers products and services including NeoTaste App and Blog Services. NeoTaste operates in a competitive market with competitors including Yelp, Mensa app, AUF's Haus, Foodguide and Restaurant-Kritik, among others.
- Headquarter Berlin, Germany
- Founders Hendrik Sander, Tobias Duser
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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 Neotaste 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
$22.99 M (USD)
in 2 rounds
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Latest Funding Round
$16.51 M (USD), Series A
Mar 14, 2024
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Investors
Earlybird
& 4 more
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Employee Count
Employee Count
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Products & Services of NeoTaste
NeoTaste offers a comprehensive portfolio of products and services, including NeoTaste App and Blog Services. 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.
App for exploring restaurants and accessing exclusive deals.
Provides updates on food spots and city guides.
Funding Insights of NeoTaste
NeoTaste has successfully raised a total of $22.99M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $16.51 million completed in March 2024. 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 A — $16.5M
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First Round
First Round
(10 Aug 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - NeoTaste | Valuation | Earlybird | |
| Aug, 2023 | Amount | Series A - NeoTaste | Valuation | Burda Principal Investments |
| 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 NeoTaste
NeoTaste has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Earlybird, Burda Principal Investments and Kajetan Uhlig. 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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Earlybird is recognized as a venture capital investor focused on early-stage tech companies.
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Founded Year | Domain | Location | |
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Mature stage tech-focused VC investment company funding companies in Europe, Asia and the US
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Founded Year | Domain | Location | |
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KU
Kajetan Uhlig |
Angel investor and entrepreneur, co-founder of Homebell, active in Indian startup ecosystem
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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 NeoTaste
| 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 - NeoTaste
| 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 |
Neotaste Comparisons
Competitors of NeoTaste
NeoTaste 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 Yelp, Mensa app, AUF's Haus, Foodguide and Restaurant-Kritik, 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 |
Platform for discovering and sharing local businesses
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| domain | founded_year | HQ Location |
Mobile app providing access to university cafeteria meal plans.
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| domain | founded_year | HQ Location |
App-based review platform for bars and restaurants
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| domain | founded_year | HQ Location |
A social network is provided for discovering restaurants and dishes.
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| domain | founded_year | HQ Location |
Restaurant reviews are aggregated from users across Germany.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Neotaste
Frequently Asked Questions about NeoTaste
When was NeoTaste founded?
NeoTaste was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is NeoTaste located?
NeoTaste is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Who is the current CEO of NeoTaste?
Hendrik Sander is the current CEO of NeoTaste. They have also founded this company.
Is NeoTaste a funded company?
NeoTaste is a funded company, having raised a total of $22.99M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6.47M, raised on Aug 10, 2023.
What does NeoTaste do?
App-based restaurant listing platform. The platform allows customers to search nearby local restaurants and provides restaurant information including digital menu, deals, customer reviews, and more. Its mobile application is available on Android and iOS platforms.
Who are the top competitors of NeoTaste?
NeoTaste's top competitors include Yelp, Foodguide and AUF's Haus.
What products or services does NeoTaste offer?
NeoTaste offers NeoTaste App and Blog Services.
Who are NeoTaste's investors?
NeoTaste has 5 investors. Key investors include Earlybird, Burda Principal Investments, Kajetan Uhlig, Niklas Plath, and Christopher Huesmann.