FELFEL closes financing round and continues to grow with new investor Toni Hilti family

FELFEL closed a financing round that enables further strategic investments in more growth and new products. The transaction was led by new investor THF from Liechtenstein, backed by the Toni Hilti family. THF is appointing a new board member, Rico Hilti, and an existing one, Stephan Seissl, is stepping down. The Toni Hilti family is a “hands-on” investor with great experience in the food sector.

FELFEL, has revolutionized employee catering over the past seven years with its intelligent FELFEL refrigerators. Today, with over 500 corporate customers, FELFEL is the largest provider in the office catering sector (by the number of locations served) in Switzerland and Liechtenstein. Despite the coronavirus pandemic, the company continued to post significant growth in 2020, entering into new partnerships with companies, particularly in the healthcare and manufacturing sectors.

Currently, various solutions are already in testing phases that will further expand FELFEL's culinary offering in 2021. A new refrigerator solution has already been launched that will enable companies with fewer than 50 employees to offer their team fresh and hearty food at the workplace all day long.

FELFEL founder and co-owner Emanuel Steiner: “We are very pleased about the new cooperation with the Toni Hilti family. As family businesses, we share many common values. Our shared vision of the future and a long-term approach promise a fruitful collaboration.” Rico Hilti commented: “FELFEL has a great team and a unique business model. FELFEL's innovative refrigerator solution allows many employers to significantly increase the attractiveness of workplaces and offices in terms of catering. The success so far, even and especially in the difficult year 2020, shows the strengths of the company. We believe in the continuous development and proper positioning of the company.”

FELFEL was ranked in the TOP 100 Swiss Startup Award in 2017.

Source: press release (translated) and FELFEL website (image)