Insight Partners Makes Series B Investment in Choco Communications

July 20, 2021

Willkie represented Insight Partners in the transaction.

Willkie Farr & Gallagher LLP advised Insight Partners as co-investor in the $100 million Series B funding of Choco Communications GmbH led by Leftlane Capital Partners.

Investor Insight Partners is participating as co-investor in this financing round led by Left Lane Capital, with further participation from existing investors Coatue Management and Bessemer Venture Partners. Funding will be used to build a globally connected food system and continue building cutting-edge technology.

Founded in Berlin in 2018, Choco Communications GmbH meshes mobile commerce and messaging into a single platform to help restaurant owners and food suppliers take all their orders and communications online. Choco works with 10,000 wholesalers and producers globally, helping them create product catalogs to upload to Choco’s platform. Suppliers can elect to receive orders via an online dashboard, and the platform allows suppliers to maintain their internal workflows while making it easier for their buyers to place orders. Choco is currently operational in nine countries, including the U.S., Germany, France, Spain, and Brazil.

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.

The Willkie team was led by partner Dr. Axel Wahl and counsel Miriam Steets, and included associate Tobias Gerigk.