LYKON raises €10 million in Series A first closing and launches new lifestyle brand identity
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LYKON raises €10 million in Series A first closing and launches new lifestyle brand identity
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We are happy to announce that we have successfully closed our Series A with €10 million in funding. Our new lead investor is the VC Zintinus that is complemented by other investors like the Venture Debt company Bridge To Growth as well as our existing investors MA Ventures (investment vehicle of large Swiss retailer Migros Aare) supported by the VC Redstone and various family offices and business angels.
The capital raised will further drive LYKON’s mission to build the leading ecosystem for Personalised Nutrition by launching new tests and personalised functional foods as well as building our digital services such as the most personalised meal plan and daily actions.
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The LYKON Feel Good Brand
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In parallel with the funding round, LYKON relaunched the LYKON brand to bring Personalised Nutrition to an even broader customer base and integrate highly personalised and convenient nutrition into the lifestyle of all consumers.
To bring the Feel Good Life into the world, we will build LYKON Land – a feel-good community for Personalised Nutrition. Together with our LYKON partners we will organise exclusive feel-good events, launch new products and much more.
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Driving Science & Digital Innovation
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LYKON has just relaunched its flagship DNA SLIM test with more SNPs (gene snippets) analysed (46 instead of 23), an optimised app-based customer journey and more personalised content to empower customers even better to achieve their individual health goals.
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Stay tuned to be part of the launch of a highly innovative personalised meal replacement shake that is adapted to the customers' individual metabolisms, which will follow in a few weeks!
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Building Up Strong Traction
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With strong YoY growth, LYKON is building up traction combined with an increasing recurring revenue and growing MRR. With the help of its self-developed, highly flexible customer subscription portal, LYKON acquired thousands of active subscribers after only a few months. This traction will be accelerated by the new app features and personalised products that are launched in the very moment.
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How to Become Part of the LYKON Journey
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Due to high investor interest, we will aim for a second closing of up to €5 million in funding for Q4 2022, to accelerate the growth of our ecosystem further, particularly on an international basis by expanding to other European markets with an innovative but well proven sales setup. If you want to become part of the LYKON journey, please feel free to get back to us via e-mail to [email protected] and get the discussion started! We are very much looking forward to changing consumer nutrition for the better with LYKON.
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Best regards,
Tobias Teuber
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LykonDX GmbH, Schwedter Straße 36 A, D-10435 Berlin
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