Choco
Enabling a sustainable food system
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Company mission
Choco's mission is to lead a change in one of the oldest industries on the planet.
Employees
201-500
HQ Location
Kreuzberg, Berlin, Germany
OTTA INSIGHTS
Otta's take on Choco
Xav Kearney
CTO of Otta
The restaurant industry has seen vast technological innovations throughout the last decade, yet the state of supply chain ordering and administration does not reflect this. Restaurants are still using archaic paperwork to order from suppliers, and this has the tendency to become clunky, inaccurate, and result in food waste. Choco exists to improve this situation by connecting restaurants and suppliers through its food ecosystem management software.
Choco isn't the only company to notice the potential for disruption in this space, but it has taken a unique approach by providing bespoke inventory applications and analytical tools to both restaurants and suppliers. It has a large and rapidly growing userbase and its supply chain now links more than 30,000 businesses, with more than £1.2 billion in goods traded on its platform.
Having raised large amounts of capital in several funding rounds and achieved unicorn status with a valuation exceeding $1 billion, Choco has its eyes on expansion. It currently works with clients across the U.S. and Europe but plans to begin operations in South America, the Middle East, and Asia in the near future.
Total funding - $337m
Last 2 fundraises
Dec 2022
$35.5m
LATE VC
Feb 2023
$26.9m
LATE VC
This company has top investors
Company values
- Team
- Ownership
- Focus
- Understanding
Founders
Daniel Khachab
(CEO)Experienced as Global Venture Development Manager and CEO of Rocket Internet SE. Co-founded Choco as CEO in 2018.
Julian Hammer
(CMO)Before co-founding Choco freelanced in product & marketing with Ace & Tate, BuzzHire and UpLabs. Before that was Senior Venture Associate with EPIC Companies and the Head of Marketing Intelligence for Global Savings Group.
Choco is hiring for 40 jobs on Otta!
Software Engineering
Marketing
People, HR, Recruitment
Operations & Strategy
Product
Finance, Legal & Compliance
Sales & Account Management
