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Founded Year

2018

Stage

Series B - IV | Alive

Total Raised

$305.55M

Valuation

$0000 

Last Raised

$26.37M | 2 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+8 points in the past 30 days

About Choco

Choco is a technology company that focuses on the order process for the food supply industry through digital solutions. The company provides a platform that manages orders for food distributors and wholesalers, integrating with existing ERP systems to process orders. Choco's solutions aim to address operational efficiency and waste in the food distribution sector. It was founded in 2018 and is based in Berlin, Germany.

Headquarters Location

Hasenheide 54

Berlin, 10967,

Germany

+49 178 5518 914

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ESPs containing Choco

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / Food & Grocery Tech

The restaurant supply ordering platforms market refers to the digital solutions that enable restaurants and foodservice businesses to order supplies and manage inventory online. These platforms streamline the procurement process, reduce errors, and improve efficiency for both buyers and suppliers. The market is expected to grow due to increasing demand for automation and digitization in the foodse…

Choco named as Challenger among 11 other companies, including Sysco, US Foods, and Pepper.

Choco's Products & Differentiators

    Order Management

    Easily manage all of your incoming orders

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Research containing Choco

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Choco in 2 CB Insights research briefs, most recently on Sep 6, 2022.

Expert Collections containing Choco

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Choco is included in 3 Expert Collections, including Restaurant Tech.

R

Restaurant Tech

1,285 items

Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, cloud kitchens, and more. On-demand food delivery services are excluded from this collection.

U

Unicorns- Billion Dollar Startups

1,261 items

F

Food Waste

264 items

Startups that help tackle food waste along the food value chain. Includes solutions that help resell or repurpose food waste.

Latest Choco News

Sustainability, Innovation Take Center Stage at Gulfood 2025

Feb 21, 2025

The Food Institute News Envelope Icon X/Twitter Icon News, Data and Trends Since 1928 Sustainability, Innovation Take Center Stage at Gulfood 2025 DUBAI, United Arab Emirates – Put together dozens of thought leaders, executives, and product manufacturers from around the world, and you’ll hear many of them agree on one thing: today’s global food systems must become more sustainable. That refrain echoed through the halls of the Dubai World Trade Center this week, during Gulfood’s 30th annual Food and Beverage Show. Keynote speaker Geeta Sethi, advisor and global lead for food systems at the World Bank, highlighted the deep impact F&B can make if efforts are made to reduce companies’ carbon footprint. “The world can limit warming to two degrees Celsius if food systems become part of the solution, driving sustainability and resilience,” Sethi said. According to the United Nations Environment Program, land deterioration negatively impacts about 40% of the world’s population. Additionally, an estimated 100 million to 300 million people are at increased risk of natural disasters such as floods and hurricanes due to coastal habitat declines. For Gulfood, with its 5,500 plus exhibitors from more than 130 countries, the key solutions to many of the world’s environmental challenges lie in tackling food security head-on. Saud Abu Alshawareb, EVP of Dubai-based real estate developing company TECOM Group, addressed key insights on the UAE’s focus on local food production as part of the entity’s Food Security Agenda for 2051 during Gulfood’s Food 500 education sessions. The agenda itself is a multi-point initiative aimed at creating a sustainable food production system through aspects such as alternative food sources and diversified global food trade. “[The UAE] is providing a dedicated food and beverage zone of an area exceeding 23.5 million square feet of land purely focusing on food manufacturing companies,” he said. “Localizing … is important for us. How to cover future demand of the growth in population is mainly through having this localization.” Waste Not, Want Not Food waste was also a big sticking point in the discussion regarding food security. The Food and Agriculture Organization of the UN states that the world generates about 1.3 billion tons of food waste annually. Choco CEO Daniel Khachab noted his confidence in limiting this problem through effective, tech-based strategies, in a Food 500 panel titled “What Are the Key Threats To Create A Resilient F&B Landscape.” “If we enable these companies to waste less … they’re not only helping the planet but also become more profitable,” the CEO said. Choco provides AI technology-based order-processing solutions for foodservice hubs and food distributors. “I think that profit and sustainability … can stand in direct correlation with each other,” he added. In a similar vein, The Food Institute’s CEO and managing partner, Brian Choi, highlighted the need for creative and innovative thinking from executive leadership to face challenges of the F&B landscape, such as sustainability and rising overhead costs. “CEOs aren’t ready for what’s ahead … they need to be more open to change and evolution, especially when it comes to new, technology-based possibilities,” Choi said. “It’s all about being flexible and adaptable to change, in order to effectively navigate through the economic landscape in 2025 and beyond.” Innovation, Flavors Abound on Gulfood Show Floor Trade was also the name of the game at the show, as exhibitors spanning more than 20 halls showcased goods across categories: from fats and oils to meats and poultry to breads and grains. Activity was bustling, and innovative tastes stood out as a key trend. Longtime cocktail mixer provider Monin offered unique mixer flavors such as Toasted Marshmallow and Popcorn, and a new line of flavored syrups without added sugar called Pure Monin. Dubai-based Life Smoothie hit multiple well-known trend drivers, such as diverse flavors and convenience with its single-serve, frozen, and ready-to-blend smoothie packs, mainly targeting the “HoReCa” sector, also known in foreign markets as hospitality, restaurants, and cafes. “We are offering [a] consistency and flavor that is going to be the same” all the time, said Laura Garcia, senior sales executive for Life Smoothies. “It’s easy for [foodservice employees] to make it and it’s healthy.” Keeping in line with the show’s overall theme, Vito Oil promoted foodservice sustainability by maximizing cooking oil utility. The company offers an oil management system that cleans and filters used cooking oil, prolonging its usage while increasing workload capacity. The innovation continued with SKUs such as rice exporter Maharani’s basmati rice for diabetics. The product boasts a low glycemic index level, making it ideal for people with diabetes to consume. The enduring influence of Korean food on the global stage also made itself known. Not only were there Korean export companies showing off a variety of CPGs and produce offerings, but companies from other countries featured their own versions of Korean-inspired flavors, such as kimchi-flavored ramen and powdered kimchi spice. Gulfood: A Global Leader Overall, brand licensing and distribution, product innovation, and a focus on sustainability meant Gulfood 2025 illustrated more than ever that the Middle East is enjoying accelerated growth in the context of the international F&B market. Abdullah Albader, CEO of Middle Eastern dairy powerhouse Almarai, captured this energy in his keynote interview. “We are committed to providing high-quality food to consumers everywhere… [with a strong focus on] technology and innovation,” he said. “[We are well-positioned] to stay ahead of the curve.” RiZhao Golden Nut Group The Food Institute Podcast When it comes to data in the food-away-from home sector, what are the major challenges and opportunities companies are facing today? Tibersoft’s Chris Hart joined The Food Institute Podcast to discuss how collaboration and data interoperability will be a key theme for the foodservice sector in the years to come. Share this article Like this? Subscribe to The Food Institute Newsletters to enjoy more quality content like this delivered to your inbox.

Choco Frequently Asked Questions (FAQ)

  • When was Choco founded?

    Choco was founded in 2018.

  • Where is Choco's headquarters?

    Choco's headquarters is located at Hasenheide 54, Berlin.

  • What is Choco's latest funding round?

    Choco's latest funding round is Series B - IV.

  • How much did Choco raise?

    Choco raised a total of $305.55M.

  • Who are the investors of Choco?

    Investors of Choco include Bessemer Venture Partners, Coatue, Insight Partners, G Squared, Left Lane and 14 more.

  • Who are Choco's competitors?

    Competitors of Choco include Fresho, Pepper, Orderlion, Soplaya, Kaso and 7 more.

  • What products does Choco offer?

    Choco's products include Order Management and 4 more.

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Compare Choco to Competitors

Rekki Logo
Rekki

Rekki is a company that provides a mobile app platform for wholesale operations in the food industry. The app includes features for ingredient sourcing, supplier payments, and order processing for restaurants and suppliers. Rekki serves the foodservice industry, offering tools for restaurant owners, chefs, and suppliers to handle orders and payments. It was founded in 2016 and is based in London, England.

D
Dine Market

Dine Market is a company focused on providing an online wholesale food marketplace within the foodservice industry. Its main offerings include a platform for businesses to purchase restaurant-quality food and manage their supplier relationships, aiming to streamline the purchasing process and reduce costs. The company primarily serves sectors such as restaurants, bars, caterers, hotels, and other foodservice providers. It was founded in 2015 and is based in New York, New York.

Supy Logo
Supy

Supy offers order processing software solutions. It streamlines the ordering process between restaurants and suppliers. Its software helps restaurants improve profit margins by providing them with insights into their purchasing trends at both an ingredient level and a supplier level. It was founded in 2021 and is based in Dubai, United Arab Emirates.

Fresho Logo
Fresho

Fresho operates as a technology company specializing in software solutions for the wholesale fresh food industry. It offers an online platform that streamlines ordering, picking, invoicing, and payments for wholesale food suppliers and their customers. It was founded in 2016 and is based in Melbourne, Australia.

Opply Logo
Opply

Opply specializes in automating ingredient ordering for small and medium-sized enterprises (SMEs) within the food and beverage industry. The company offers a platform for sourcing, communication, payments, documentation, orders, and delivery, considering the time and costs associated with the food and beverage supply chain. Opply's services are designed to connect buyers and suppliers through a network by providing a supply chain. It was founded in 2021 and is based in London, United Kingdom.

C
CrunchTime

CrunchTime is a provider of restaurant operations management software, focusing on helping multi-unit restaurants manage profitability and operational consistency. The company offers a suite of products that enable inventory control, food cost management, labor scheduling, and compliance with labor laws. CrunchTime's software solutions are designed to streamline operations, reduce costs, and enhance staff training and development for improved retention and compliance. It was founded in 1995 and is based in Boston, Massachusetts.

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