Setterwalls has advised Matsmart in connection with an equity financing of SEK 400 million

Setterwalls has advised Matsmart in connection with an equity financing of SEK 400 million through issuance of new preference shares. The equity financing was led by SEB Private Equity – which is also the company’s largest owner – and Exor Capital. In addition, several of Matsmart’s other existing owners participated in the new share issue, among them Gullspång Re:Food Invest and Blume Equity. The raised capital will be used to accelerate growth in Europe’s largest markets but also to improve e-commerce’s customer offer and experience.

Matsmart-Motatos is a European food e-commerce and impact company. The company contributes to a sustainable reform of the global food system with a business model that aligns with the global sustainability goal 12.3: that the world’s food waste should be halved by the year 2030. Today, Matsmart-Motatos is on the Financial Times list of Europe’s fastest growing companies and is established in five European markets. At Matsmart-Motatos, consumers can buy food and consumer products that would otherwise have been at risk of being thrown away, due to, for example, excess production, short dates or seasonal variations. In 2021, Matsmart-Motatos had a turnover of SEK 722 million.