The condiment and sauce manufacturers industry in the DACH region comprises companies that produce a variety of flavorful products, including mustards, sauces, dressings, and marinades. These manufacturers cater to both retail and food service markets, focusing on quality, taste, and innovation. With growing consumer interest in health-conscious options and unique flavors, there is an increasing demand for organic and artisanal condiments. Additionally, the industry is experiencing a shift toward sustainability, with many companies prioritizing eco-friendly practices in production and packaging. As culinary trends evolve, the potential for growth in this sector remains strong, particularly for niche and specialty products.


This list highlights 14 investors in the condiment and sauce manufacturers industry within the DACH region, showcasing various types of investment firms such as corporate strategists, venture capitalists, and private equity players. These investors, located mainly in Germany and Switzerland, range in size from small teams to large multinationals and have been active in 2024, participating in numerous funding rounds. Founded between 1864 and 2024, they bring a mix of historical expertise and fresh ideas, aiming to foster innovation within the industry while leveraging their financial capabilities to drive impactful growth.


Top 14 Condiment and Sauce Manufacturers Investors in DACH


1. Nestlé

  • Website: nestle.com
  • Type: Corporate
  • Headquarters: Vevey, Vaud, Switzerland
  • Founded year: 1866
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: nestle-s-a-

Nestlé S.A. is a multinational food and beverage company based in Vevey, Vaud, Switzerland, founded in 1866. With over 10,000 employees, Nestlé offers a diverse range of products, including coffee, dairy, and pet care items. The company is committed to sustainability and serves both consumers and businesses globally. Recently, Nestlé has made significant acquisitions in the condiment and sauce sector, including the purchase of Ankerkraut, a spice manufacturer, for up to 200 million euros, which highlights its focus on enhancing its offerings in the condiment market. Additionally, Nestlé is in the process of acquiring Capital Foods, the owner of the Ching’s Secret brand, for approximately $1 billion, further expanding its portfolio in the ready-to-cook category, which is experiencing rapid growth. These transactions demonstrate Nestlé's strategic interest in the condiment and sauce industry.


2. Brenntag

  • Website: brenntag.com
  • Type: Corporate
  • Headquarters: Essen, North Rhine-Westphalia, Germany
  • Founded year: 1874
  • Headcount: 10001+
  • Number of deals in 2024: 8
  • LinkedIn: brenntag

Brenntag SE, founded in 1874 and headquartered in Essen, North Rhine-Westphalia, Germany, is a leading chemical distributor that connects chemical manufacturers and users across various industries, including food, pharmaceuticals, and oil & gas. With a workforce of over 10,000 employees, Brenntag serves approximately 195,000 customers by simplifying access to complex supply chains. Notably, Brenntag has made strategic acquisitions in the food ingredients sector, such as the acquisition of JM Swank Co. in 2021, which significantly expanded their Nutrition business in North America, creating a leading distributor with approximately USD 1 billion in revenue. Additionally, their acquisitions of Trend Gida and Kluman & Balter further emphasize their commitment to the food industry, including condiments and sauces, making them a relevant player in this market.


3. Döhler Ventures


Döhler Ventures is a venture capital firm based in Darmstadt, Hesse, Germany, founded in 2014. The firm focuses on empowering early-stage startups primarily in the Nutrition & Technology sectors. They provide investment and support to help these startups grow and overcome financial challenges, with a long-term and entrepreneurial approach aimed at fostering innovation. Notably, Döhler Ventures has been involved in several relevant transactions, including their investment in JustSpices, a company that raised funds in 2015 and specializes in spice blends and seasonings. This aligns closely with the condiment and sauce industry. Additionally, they participated in funding rounds for companies like Naughty Nuts and Chromologics, which, while not directly in the condiment space, reflect their broader interest in food innovation.


4. Partners Group

  • Website: partnersgroup.com
  • Type: Private Equity
  • Headquarters: Baar, Zug, Switzerland
  • Founded year: 1996
  • Headcount: 1001-5000
  • Number of deals in 2024: 19
  • LinkedIn: partners-group

Partners Group Holding AG is a prominent investment management firm based in Baar, Zug, Switzerland, specializing in private equity, private infrastructure, private real estate, and private debt. Founded in 1996, the firm manages over USD 149 billion in assets and offers a range of investment solutions to institutional investors, private banks, and individual investors. Notably, Partners Group has made significant investments in the food sector, including the acquisition of Hofmann Menu Manufaktur, a leading provider of customized 'cook & freeze' products, and Pacific Bells and World Wide Wings, which are involved in the food service industry. These transactions highlight their engagement in the food market, indicating a potential interest in condiment and sauce manufacturers as part of their broader investment strategy.


5. Givaudan

  • Website: givaudan.com
  • Type: Corporate
  • Headquarters: Vernier, Geneva, Switzerland
  • Founded year: 1895
  • Headcount: 10001+
  • LinkedIn: givaudan

Givaudan, founded in 1895 and headquartered in Vernier, Geneva, Switzerland, is a leading manufacturer specializing in flavors, fragrances, and active cosmetic ingredients. With over 10,000 employees, Givaudan provides innovative sensory solutions to food and beverage companies, personal care brands, and household goods producers. Their strategic acquisitions, such as Drom Fragrances, Ungerer & Company, and Naturex, highlight their commitment to expanding their capabilities in the flavors sector. The acquisition of Ungerer & Company, a US-based flavor and ingredient company, is particularly relevant as it is expected to add approximately $250 million in sales, aligning with Givaudan's strategy in the flavors and fragrances sector. Additionally, their acquisition of Naturex, which specializes in plant-based ingredients, strengthens their position in the natural flavors market, further supporting condiment and sauce manufacturers in creating appealing products that enhance consumer experiences.


6. AgriFoodTech Venture Alliance


AgriFoodTech Venture Alliance, founded in 2024 and based in Munich, Bavaria, Germany, is a venture capital firm that specializes in investing in and supporting startups in the AgriFoodTech sector. The firm collaborates with innovative businesses to promote sustainable technologies in food production. Notable transactions include their participation in Greenforce, a Munich-based foodtech company that raised 13 million euros to expand its product range, and their involvement in Neggst, which raised €5 million for its vegan egg product. These investments reflect their commitment to advancing food technology, which could extend to condiment and sauce manufacturers as the sector evolves.


7. BackBone Ventures

  • Website: backbone.vc
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2018
  • Headcount: 1-10
  • Number of deals in 2024: 10
  • LinkedIn: backbone-ventures

BackBone Ventures is a Zurich-based venture capital firm founded in 2018, specializing in early-stage investments with a focus on underrepresented founders in Germany and Switzerland. They provide funding and support across various industries, including HealthTech and B2B SaaS. Notably, they have participated in funding rounds for foodtech startups such as the nu company, which raised €14 million in a Series A round, and yamo, which secured €10.1 million in Series A funding. These investments highlight BackBone Ventures' engagement in the food sector, particularly in innovative companies that may intersect with condiment and sauce manufacturing.


8. Green Generation Fund


Green Generation Fund is a venture capital firm based in Berlin, Germany, founded in 2021. The firm specializes in early-stage investments in Food Tech and Green Tech startups, aiming to drive significant positive impacts in sustainability by supporting innovative solutions that address climate change and resource challenges. Notable transactions include a $4 million seed round for Lypid, which is focused on plant-based fat alternatives, and a €5 million seed funding for Neggst, a company producing vegan eggs. These investments reflect their commitment to innovative food solutions, which could extend to sustainable condiment and sauce manufacturing in the future.


9. Amcor

  • Website: amcor.com
  • Type: Corporate
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 1864
  • Headcount: 10001+
  • LinkedIn: amcor

Amcor is a corporate investor based in Zurich, Switzerland, founded in 1864. The company specializes in innovative and responsible packaging solutions for various industries, including food, beverage, healthcare, and personal care. Amcor is committed to sustainability, aiming to make all its products recyclable or reusable by 2025. Notably, Amcor has been involved in several acquisitions that enhance its packaging capabilities, such as the acquisition of Bella Prima Packaging, an Indonesian flexible packaging business, for $27 million, and Detmold Flexibles, an Australian packaging business, for $50 million. These transactions highlight Amcor's strategic focus on expanding its flexible packaging division, which is crucial for the food sector, including condiment and sauce manufacturers. Additionally, their acquisition of Sonoco and Murugappa Group further demonstrates their growth strategy in the packaging industry, reinforcing their relevance to food-related sectors.


10. HV Capital

  • Website: hvcapital.com
  • Type: Venture Capital
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: hvventures

HV Capital is a venture capital firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2000. With over €2.8 billion under management, HV Capital specializes in investing in digital companies and supporting entrepreneurs from seed stage to exit. They have been involved in various transactions, including notable investments in food startups like Delli, which raised significant capital in multiple seed rounds. Delli, founded by Depop's Simon Beckerman, focuses on food innovation, showcasing HV Capital's interest in the food sector. Additionally, HV Capital has invested in HelloFresh, a well-known meal kit delivery service, further emphasizing their involvement in the food industry. Despite their broader focus on digital companies, these transactions suggest a willingness to engage with food-related ventures, including potential opportunities in the condiment and sauce manufacturing space.


11. Freigeist

  • Website: freigeist.com
  • Type: Venture Capital
  • Headquarters: Bonn, North Rhine-Westphalia, Germany
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: freigeistcap

Freigeist Capital is a venture capital firm based in Bonn, North Rhine-Westphalia, Germany, founded in 2017. The firm specializes in investing in early-stage technology startups across Europe, providing not only financial support but also strategic guidance in product development, business operations, and marketing. Freigeist has a diverse portfolio, including investments in the food sector. Notable transactions include Ankerkraut, which raised funds in 2016 and is known for its range of spice blends and condiments, and Littlelunch, which raised funds in 2015 and offers a variety of soups and sauces. These investments highlight Freigeist's engagement in the condiment and sauce manufacturers industry, alongside their broader focus on fostering innovation in various sectors such as AI, robotics, and biotech.


12. Bitburger Ventures


Bitburger Ventures is a venture capital firm based in Bitburg, Rhineland-Palatinate, Germany, founded in 2018. The firm focuses on investing in mission-driven founders and supports them in reshaping their industries by providing financial capital, access to networks, and expertise for sustainable growth. Notably, Bitburger Ventures has participated in significant funding rounds for companies in the food sector, including JustSpices, which raised $14,457,295 in a Series B round in January 2020, and Naughty Nuts, which completed a seven-figure seed financing round in January 2022. These investments highlight their commitment to innovative food solutions, making them a relevant player in the condiment and sauce manufacturers market.


13. Symrise AG

  • Website: symrise.com
  • Type: Corporate
  • Headquarters: Holzminden, Lower Saxony, Germany
  • Founded year: 1874
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: symrise

Symrise AG is a corporate investor based in Holzminden, Lower Saxony, Germany, with a workforce of over 10,000 employees. Founded in 1874, the company specializes in producing flavors and fragrances for various industries, including food and beverage, cosmetics, and pet food. In recent years, Symrise has made strategic investments to enhance its portfolio in the food sector. Notably, they participated as a strategic investor in EvodiaBio, a Danish startup focused on bio-industrial solutions, which raised $7.2 million in 2024. This investment aligns with their goal of innovating in food technologies. Additionally, their acquisition of Citratus Fragrâncias Indûstria e Comércio in 2017 aimed to strengthen their market position in Brazil and Latin America, further indicating their active role in the food and beverage industry, including condiments and sauces.


14. Oyster Bay Venture Capital

  • Website: oysterbay.vc
  • Type: Venture Capital
  • Headquarters: Hamburg, Hamburg, Germany
  • Founded year: 2018
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: oysterbayvc

Oyster Bay Venture Capital is a venture capital firm based in Hamburg, Germany, founded in 2018. The firm specializes in investing in early-stage companies within the food and beverage technology sector, providing financial resources and strategic support to founders aiming to innovate along the food value chain. They focus on impact-driven startups that address societal challenges related to food production and consumption. Notable transactions include investments in Peas of Heaven and Hooked Foods, both of which are involved in innovative food products. Their investment in Oatly, a well-known player in the plant-based food sector, further demonstrates their commitment to supporting companies that are reshaping the food landscape. In 2024, they participated in seed rounds for Nukoko and Dropz, indicating ongoing engagement in the food technology space, which may include opportunities in condiment and sauce manufacturing.



Condiment and Sauce Manufacturers Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
NestléVevey, Vaud, Switzerland10001+18662
BrenntagEssen, North Rhine-Westphalia, Germany10001+18748
Döhler VenturesDarmstadt, Hesse, Germany1-1020143
Partners GroupBaar, Zug, Switzerland1001-5000199619
GivaudanVernier, Geneva, Switzerland10001+18950
AgriFoodTech Venture AllianceMunich, Bavaria, Germany1-1020241
BackBone VenturesZurich, Zurich, Switzerland1-10201810
Green Generation FundBerlin, Berlin, Germany1-1020218
AmcorZurich, Zurich, Switzerland10001+18640
HV CapitalFlensburg, Schleswig-Holstein, Germany11-50200028
FreigeistBonn, North Rhine-Westphalia, Germany11-5020172
Bitburger VenturesBitburg, Rhineland-Palatinate, Germany1-1020180
Symrise AGHolzminden, Lower Saxony, Germany10001+18742
Oyster Bay Venture CapitalHamburg, Hamburg, Germany1-1020183


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