Fonterra Ventures Partners With German Start Up

Mar 02, 2018
677 Views

Fonterra Ventures has entered into its first strategic partnership, teaming up with German active nutrition start-up foodspring® through an investment in its parent company, Goodminton AG.

The new partnership will enable Fonterra to tap into the rapidly growing active nutrition consumer segment, which is valued at $200 billion globally, and forecast to expand significantly in the years to come.

Judith Swales, Fonterra’s Chief Operating Officer, Velocity and Innovation says the deal creates a range of exciting new business and market development opportunities for the Co-operative.

“Fonterra is a global leader in protein and high value, advanced ingredients, so it’s only right we should strive to be at the forefront of the active nutrition market. The strategic partnership with foodspring® will accelerate our progress in the category by giving us direct access to a new consumer segment. This investment is a first for Fonterra and supports our strategy to grow in high value categories.

“foodspring’s impressive growth trajectory is supported by its strong direct to consumer channel and digital nutrition and wellbeing coach. By leveraging this technology and innovative business model, we’ll be able to share the goodness of dairy with more consumers around the world,” Judith added.

Founded by Philipp Schrempp and Tobias Schüle, foodspring® is a high growth, active nutrition Berlin based start-up. From whey protein shakes to organic superfoods, foodspring® has a strong brand and product portfolio across the healthy eating, weight management and muscle-building categories targeting the consumer’s mind, body and soul. Their products are sold online across Europe and Asia.

“We are pleased to have gained the support of one of the largest and most innovative dairy companies, which is very aligned to our business. We look forward to welcoming Fonterra Ventures on board and the synergies we can capture from our partnership,” says Tobias Schüle, CEO and Co-Founder, foodspring®.

As for the future, Komal Mistry, General Manager Fonterra Ventures says “our partnership with foodspring® is just the beginning. Fonterra Ventures has an exciting vision, and we’re excited to be teaming up with start-ups like foodspring® at the forefront of new models in nutrition globally.”

Germany-based Goodminton AG, is a venture capital-backed holding company that specialises in sports and lifestyle nutrition brands, operating primarily through one of its group companies, foodspring®.

Completion of the investment is subject to regulatory approval by the German Federal Cartel Office.

You may be interested

Former Southland Communications Officer Wins New Zealand Executive Assistant Of The Year
Business, News
142 views
Business, News
142 views

Former Southland Communications Officer Wins New Zealand Executive Assistant Of The Year

Business Hub - Sep 20, 2018

Winner of the New Zealand executive assistant (EA) of the year award Nyia Strachan may come from one of New…

$25,000 Lotto Wins Go To Milton & Queenstown
Lotto, News
51 views
Lotto, News
51 views

$25,000 Lotto Wins Go To Milton & Queenstown

News Desk - Sep 20, 2018

Milton and Queenstown Lotto winners were part of 38 other Lotto players who had their lucky numbers come up last…

BMW Automated Motorcycle
Motor Sport
20 views
Motor Sport
20 views

BMW Automated Motorcycle

Motor Hub - Sep 20, 2018

BMW have built a self propelled motorcycle to help improve rider safety. How can we make motorcycling even safer? We…