In a bold move that is set to reshape the future of food delivery, German foodtech company GoodBytz has secured €12 million in a Series A investment round. The funding was led by Oyster Bay, with participation from Hamburg-based Block Group. This investment reflects a shared vision of harnessing technology to revolutionize the culinary landscape, even in challenging economic times.
GoodBytz is the pioneering force behind Robotic Kitchen Assistants, a remarkable innovation that empowers professional chefs to scale and replicate their culinary expertise effortlessly. These culinary robots ensure efficient and high-quality food preparation, all within record time. Impressively, the very first delivery service ghost kitchen equipped with the GoodBytz Robotic Kitchen Assistant has already secured a place among the top 15 percent of the most popular Lieferando restaurants in Germany.
Christoph Miller, founding partner of lead investor Oyster Bay, emphasized their longstanding support for GoodBytz, stating, “We’ve been there from the very beginning. The potential of robotics in professional kitchens is enormous.” Oyster Bay, a Hamburg-based Food & AgTech venture capital firm, has been an early investor in the German Foodtech startup, recognizing its transformative potential. Joining Oyster Bay in this exciting venture is the family-owned Block Group, a Hamburg-based food tradition brand.
The significance of GoodBytz’s innovation is not lost on the investors. Stephan von Bülow, CEO of the Block Group, highlighted the critical role of the kitchen in the restaurant industry. He noted, “The success of the restaurant industry is crucially tied to the kitchen. GoodBytz has developed an intelligent and forward-thinking solution to prepare dishes quickly and reliably using fresh ingredients.”
GoodBytz, founded in 2021, is now set to accelerate its mission with a total investment of €12 million. Hendrik Susemihl, CEO of GoodBytz, expressed the immense potential in the collaboration, saying, “The combination of Oyster Bay Venture, which has an extremely successful investment track record in the food segment, and the food tradition brand Block, holds incredible potential.”
The €12 million investment is earmarked to support ambitious goals. Susemihl revealed, “By 2025, we plan to produce over 100 Robotic Kitchen Assistants, and next year, international expansion is also on the agenda.” GoodBytz’s approach is characterized by adaptability. With the Robotic Kitchen Assistant, there are no limitations to the menu. From ramen and pho to caesar salads, Königsberger meatballs, porridge, and Kaiserschmarrn, the possibilities are endless. Customers can easily configure their desired dishes via a user-friendly touchscreen, and customization is a breeze. No programming skills are needed, making it simple to accommodate customer requests without added workload.
As part of its growth plan, GoodBytz is expanding its team. By the end of 2023, it anticipates having 60 employees, and this number is projected to grow to 90 by the end of 2024, with a strong demand for engineers. Alongside team expansion, the company is poised for increased visibility. In early 2024, a flagship store is scheduled to open in Hamburg, marking a significant step in GoodBytz’s journey to redefine the culinary landscape.
GoodBytz’s groundbreaking innovation is driving a revolution in food preparation and delivery, promising a future where technology empowers chefs and delights customers with limitless culinary possibilities. This recent investment is a testament to the tremendous potential that lies ahead for this visionary foodtech company.