Orrick Advises Coatue Management as Lead Investor on $30 Million Series A2 Investment in Berlin-based Choco


Deutsch: Orrick berät Coatue Management als Lead Investor bei $30 Millionen Series A2 Finanzierungsrunde des Berliner Startups Choco

Orrick has advised Coatue Management as lead investor on a $30.2 million Series A2 financing into Choco, a global company focused on building a more sustainable food industry by simplifying how restaurants order from suppliers. Other investors included Bessemer Venture Partners, Atlantic Labs, Target Global and Greyhound.

New York headquartered Coatue Management is one of the largest dedicated technology funds in the world and currently manages approximately $17 billion in assets on behalf of individuals, endowments, foundations, and other institutional investors.

Choco is a Berlin-based startup that provides an app for restaurants and wholesalers to optimize the supply chain that very recently also developed a new B2C delivery service called “Choco Market” linking private households and wholesalers. Choco operates in 17 markets, including Germany, France, Spain, the Netherlands, Austria, Belgium, Brazil and the U.S.

Coatue Management was advised by a cross-border Orrick team led by partners Dr. Sven Greulich (Düsseldorf) as well as John Bautista (Silicon Valley) and Josh Pollick (Santa Monica), who both already advised Coatue Management on numerous other investments in the technology sector.

The Orrick team further included partners Dr. André Zimmermann (employment, Düsseldorf), Dr. Christian Schröder (data privacy IT/IP, Düsseldorf), senior associates Dr. Johannes Josef Rüberg (M&A and private equity, Düsseldorf) and Spencer Cohen (M&A and private equity, New York), managing associate Louisa Kallhoff (employment, Düsseldorf), as well as associates Marianna Karapetyan (employment, Düsseldorf) and Robert Weinhold (data privacy IT/IP, Düsseldorf).