nu3 Secures Growth Financing From DAVIDSON TECHNOLOGY GROWTH DEBT FUND
Berlin, April 7, 2017. nu3 – the Berlin-based company for healthy, functional nutrition – reports today that it has been granted growth financing in a middle seven-digit range in the form of a venture debt loan. David Capital becomes a new investor after being won over by nu3’s successful, strategic focus on the core markets Germany, France, Switzerland, Austria and Belgium.
“nu3 is quite clearly the market leader in the online business of superfoods and smart nutrition, with tremendous market potential that has not yet been exploited, first-class investors and an excellent management team” proclaimed Eran Davidson, founder of DAVIDSON TECHNOLOGY GROWTH DEBT FUND. “The company is exactly what every investor is looking for but seldom finds. We are excited to support nu3 with a growth loan.”
This increase in capital will be used to more rapidly accelerate the advancement of the nu3 own brand portfolio, which already contributes considerably to total revenue. In addition, nu3 will further expand its presence in conventional brick-and-mortar shops over the next months, leveraging yet another sales channel. Since fall 2016, nu3 has operated a pop-up store in Bern under the name “nu3Kitchen”, exclusively offering nu3 and BEAVITA products. The multi-channel concept’s success has further highlighted the potential and attractiveness of this sales channel.
nu3 is a Berlin-based start-up that stands for intelligent nutrition that is easily incorporated into daily life. The company was built with the vision to enable healthy, active and happy lives by offering healthy, innovative products at the highest quality possible. nu3’s selection of product ranges from natural foods like superfoods, low-carb products and sport nutrition to health products. The company was founded in 2011 by Dr. Robert Sünderhauf and Kassian Ortner and has since grown to employ about 100 people.