Epic Foods - A Nordic Angel co-investment

Startup & Country
Epic Foods, Finland

Industry
Foodtech

Startup oneliner:
Healthy everyday food, cloud kitchens and free delivery, combined to replace your kitchen.

Main Entrepreneur
Martti Paatela, martti(at)epicfoods.com

Lead investor(s)
Wilhelm Rosenlew, Saga Forss and Petri Heino

Co-investors and Country origin:
Finland & Denmark

Any specific value angels offer in addition to capital?
One angel has a wide knowledge of the Danish food industry and an extensive food supply chain knowledge. The angels had good level networks to the Nordic food industry.

Contract template(s) used
A Finnish equity based SHA.

Time scale from meeting to closing
Started raising during spring 2017. Met additional investors at Arctic15 through an introduction. Closed the investment in August 2017.

How and how often do you communicate with the investors?
Once a month with an email updates alongside with individual investor communication.

Additional information
Read more in Talouselämä’s article (In Finnish, note google translate option).