GoodBytz, a German foodtech that develops robotic kitchens which enable professional chefs to effortlessly amplify and reproduce their capabilities, has raised €12 million in a Series A investment round. Both lead investor, Oyster Bay, and the Hamburg-based Block Group are investing in the future of nutrition despite the challenging economic situation in Germany as a whole.
GoodBytz offers Robotic Kitchen Assistants that reliably serve high quality and healthy food in the shortest time. The first delivery service ghost kitchen with the GoodBytz Robotic Kitchen Assistant ranks among the top 15 percent of the most popular Lieferando restaurants in Germany.
“We’ve been there from the very beginning. The potential of robotics in professional kitchens is enormous,” said Christoph Miller, founding partner of lead investor Oyster Bay. The Hamburg-based Food & AgTech venture capital provider has been investing in the German Foodtech startup since day one. The family-owned company Block Group is also joining as an investor.
“The success of the restaurant industry is crucially tied to the kitchen. GoodBytz has developed an intelligent and forward-thinking solution to prepare dishes quickly and reliably using fresh ingredients,” commented Stephan von Bülow, CEO of the Block Group. The Hamburg-based food tradition brand, Block Food AG, is teaming up with investor Oyster Bay Venture to embrace robotics in professional kitchens.
A total investment of €12 million is flowing into the Foodtech startup GoodBytz, founded in 2021. “The combination of Oyster Bay Venture, which has an extremely successful investment track record in the food segment, and the food tradition brand Block, holds incredible potential,” said Hendrik Susemihl, CEO of GoodBytz.
The goal for the €12 million investment: “By 2025, we plan to produce over 100 Robotic Kitchen Assistants, and next year, international expansion is also on the agenda,” added Susemihl.
GoodBytz places no limits on the menu with the Robotic Kitchen Assistant; on the contrary, everything is possible, from ramen, pho, caesar salads, and Königsberger meatballs to porridge and Kaiserschmarrn. Customers using the Robotic Kitchen Assistant can configure their desired dishes via touchscreen and customize them at any time. Programming skills are not required. In other words, every additional request made by customers at restaurants doesn’t require more work—no cilantro, no problem.
By the end of 2023, GoodBytz is set to grow to a team of 60 employees, and by the end of 2024, the startup plans to have 90 employees, with a particular demand for engineers. Alongside the team expansion, GoodBytz’s visibility is also increasing. In early 2024, a flagship store is planned to open in Hamburg.
