Nordkind

On plan

Baby food · Hamburg · invested since Mar 2025

JGOwnerJonas F. Gebhardt

Stake

22%

Founder-led, FMCG background

Invested

€1.0M

cost basis

Estimated value

€1.3M

+€400kin 12 months

MOIC

1.30x

+33%revenue growth YoY

Estimated valuation

€ millions · last 12 months

ValuationInvested

€0.0M

€0.5M

€1.0M

€1.5M

Nov ’25Jan ’26Mar ’26May ’26Jul ’26Oct ’26

Status

Bridge tranche drawn ahead of the dm listing in November. Gross margin improved to 38% after moving to the new co-packer.

Updates

Oct 06Second bridge tranche of €0.3M drawn.

Sep 18dm listing confirmed for 240 stores from November.

Commitments to NordkindAll commitments

CWChristian

Launch post

1 post at the dm listing (one-off)

1 h / month

One-off

JGJonas

Retail introductions & bridge monitoring

About 2 hours a month

2 h / month

On track

Loans to the companyLoan register

Working capital

7.0% · until 31 Dec 26

€300kCurrent