Food & healthtech company Lykon has raised €2.5 million in a new funding round led by existing investor Zintinus Fund I, a foodtech growth capital fund focusing on alternative proteins, functional food, clean nutrition and food waste reduction. In the round also participated other old and new investors.
Lykon aims to be a market leader for personalised nutrition programmes and products based on certified blood and DNA tests and complemented by motivational psychology concepts and AI.
With this science-based offer, Lykon has already been able to help more than 150,000 people achieve their health goals. In recent months, Lykon has increasingly focused on the topic of “sustainable weight management”.
Lykon’s goal is to help 1 million people achieve a healthy weight goal and avoid the threat of consequential damage such as diabetes 2 and depression. According to the WHO, 59% of Europeans are overweight and 24% suffer from obesity.
Lykon founder and CEO Tobias Teuber, said: “We are very proud to have raised a successful financing round in difficult times. The decision of our existing and new investors demonstrates confidence in the vision, but also a proof of concept of the Lykon brand. With the funding, we want to take up the fight against the ‘obesity epidemic’ in Europe with new products and services and help our customers achieve their feel-good weight in a truly sustainable way.”
Only a year ago, Lykon raised a €10 million Series A round was led also by Zintinus, including participation from venture debt provider BTG – Bridge To Growth, as well as existing investors including MA Ventures, the venture capital fund of Swiss retailer Migros Aare (managed by Redstone) and media group Ippen Digital.
Founded in 2018, Lykon has been developing personalised nutrition concepts based on laboratory-diagnostic blood and DNA analyses for the home, psychological components, artificial intelligence and medical research. In that sense, the German startups is paving the way for people to make healthy and sustainable behavioural changes and take their health into their own hands.