Avellum has advised MHP on its investment in Ukrainian food technology start-up Foodz.
According to Avellum, MHP received a minority stake in Foodz through two funding rounds. "MHP is the leading poultry producer in Europe and one of the biggest grain producers in Ukraine," the firm noted. "As a part of MHP’s strategy to support new businesses, the company aims to strengthen its relations with the restaurant business to bring the company closer to the customer."
Founded in 2020, Foodz is a dark kitchen start-up that has been developing an online restaurant chain in Kyiv. The company has raised over USD 2 million in investments and manages 12 brand restaurants with over 100,000 customers.
The Avellum team was led by Counsel Andriy Romanchuk and Associate Yuliia Chelebii-Kravchenko and included Managing Partner Mykola Stetsenko, Senior Associate Anastasiya Voronova, and Associate Yelyzaveta Kashyna.