Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

Berlin-based Keatz raises €12M: 5 things to know about the virtual restaurant startup

Shubham Sharma by Shubham Sharma
March 26, 2019
in News, (Crowd)funding, Scale-ups, Software & SaaS, Startups
0
Berlin-based Keatz raises €12M: 5 things to know about the virtual restaurant startup
91
SHARES
LinkedInTwitterWhatsAppFacebook

In this age of thriving startups, you might have come across the term virtual kitchens or cloud kitchens. If one is familiar with the terms then they probably know that businesses following these type of kitchen models have no outlet to serve customers. Instead, the primary focus here is on the preparation and delivery of food to customers.

There are many successful startups that are based on the same model and one of them, a Berlin-based startup Keatz has raised €12 million in fresh funding. The promising startup previously raised €7 million in funding, in May last year. Here are five things you should know about Keatz.

 - Partner content -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. Show Less
Read more

What is Keatz?

Let’s get to know a little bit about the thriving new startup. Keatz describes itself as a family of virtual restaurants, which makes food that is especially for delivery. Its headquarter is situated in Berlin, where it coordinates all of its national and international kitchens. The company launched into the online food delivery space back in spring 2016 and has expanded to a total of 10 virtual restaurants, which are located in Berlin, Munich, Madrid, Amsterdam and Barcelona. The startup was founded by Dimitrios Ploutarchos and Paul Gebhardt.

Who backed the budding startup?

While Keatz previously secured €7 million of funding in May last year, it has raised €12 million in its latest round of fundings. The latest rounds were backed by the company’s existing investors; Atlantic Food Labs, UStart, Project A Ventures, K Fund and JME ventures, joined by RTP Global.

What’s next for Keatz?

Like most startups, Keatz wants to expand its services with the freshly infused funds. The startup has bold ambitions of opening another 100 kitchens in more European countries. However, that’s not all. The cloud kitchen service wants to completely automate its kitchens. To such an extent that the appliances it uses be connected to the internet and are operated by robots. This is said to help in less wastage of food and lower need for manpower in the long run. Currently, the startup has about 200 employees.

A brief look at the concept of virtual/ghost/cloud kitchens

Most of us know about food delivery aggregator platforms like Zomato and Deliveroo. These apps act as a mediator between users and provide them access to a wide variety of restaurants. The virtual kitchen is a slightly different concept as the restaurants you see have no dine-in facility and concentrate only on delivering food to the customers.

The cloud kitchen business usually operates on a hub and spokes model. This means there’s a central kitchen where food is prepared and is delivered to cloud kitchens, which are located in different areas. As one might have guessed, operating cost and space required for a cloud kitchen are considerably lesser than opening a full-fledged restaurant.

Who are Keatz’s competitors?

As we described, the virtual kitchen business is quite lucrative with low investment cost and a relatively higher return. There are several competitors who are vying for a chunk of the same market as Keatz. Most notable competition to Keatz currently would be Deliveroo and Honest Food, both of which also operate virtual kitchens. While Deliveroo is a big player that recently introduced delivery-only kitchens called Deliveroo Editions, Honest Foods is a budding startup like Keatz.

Stay tuned to Silicon Canals for more updates in the tech startup world.

5 most successful crowdfunding campaigns on the most active funding platform in UK

Image Credits: European countries

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Nebula CTO Andre Witte
Cloud spend management 😱
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the...Show More
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the costs at bay in 2021. Show Less
Read more
Tags: berlinfundingGerman Startup
Share6Tweet23SendShare36

Featured events

07apr10:0012:30FeaturedWorkshop: pr for startupsHow to grow your startup with the help of public relations

Partner content | Work with us

Blue Tulip Awards announce 5 finalists in the Food & Water and Education & Employment theme

Impact media foundation 5 Media offers grants up to €100,000 per year to drive a sustainable future

Here’s how cryptocurrency will take over the world

Blue Tulip Awards is driven by purpose: why innovation and equality go hand in hand

Future of coding: CTOs discuss low-code versus custom code software development for their business

Breaking news from Amsterdam | Partner

Here’s why Just Eat Takeaway is expanding its offices in Amsterdam

Amsterdam-based Veylinx uses Nobel Prize-winning approach to solve the problem of unreliable survey data; raises €1.6M

Amsterdam-based fintech unicorn Mollie enters UK market to helps merchants there grow into Europe post-Brexit

Amsterdam-based HR tech Recruitee takes a “shortcut” to a future unicorn status

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info