LMK Group AB

LMK Group AB

Food delivery service with all of the ingredients and recipe cards delivered to customers once a week. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
EUR201520162017201820192020
Revenues70.0m<1m<1m<1m<1m<1m
% growth-(99 %)31 %(86 %)(81 %)4 %
Profit-(2.1m)(2.2m)(38.9m)(14.5m)21.3m
% profit margin-(307 %)(239 %)(29713 %)(57209 %)80552 %
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DateInvestorsAmountRound
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N/A

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N/A

Series A

SEK270m

Valuation: SEK270m

Growth Equity VC
*

N/A

Valuation: SEK1.0b

4160.9x EV/LTM Revenues

IPO
Total FundingCAD44.6m

Recent News about LMK Group AB

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More about LMK Group ABinfo icon
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Cheffelo, formerly known as LMK Group, is a prominent player in the Nordic meal kit market, founded in 2008 with a mission to simplify everyday life by delivering a variety of inspiring meals directly to customers' doors. The company operates through distinct local brands, each with a heritage of innovation and entrepreneurship. Cheffelo serves a diverse clientele, including busy families and individuals seeking convenient, healthy, and delicious meal options. The company generated SEK 1 billion in revenue in 2023 and delivered approximately 15 million meals, positioning itself as a leader in Scandinavian food tech. Cheffelo's business model revolves around subscription-based meal kits, where customers receive pre-portioned ingredients and recipes on a regular basis. This model ensures a steady revenue stream and fosters customer loyalty. Cheffelo is listed on Nasdaq First North Premier Growth Market under the ticker CHEF. The company is committed to sustainability, focusing on areas such as food waste reduction, resource consumption, and social responsibility. Cheffelo's comprehensive approach to sustainability is detailed in its annual and sustainability reports.

Keywords: meal kits, Nordic market, subscription service, healthy recipes, food tech, sustainability, Nasdaq listed, customer loyalty, innovation, entrepreneurship.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by LMK Group AB

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Chefs Plate
ACQUISITION by HelloFresh Oct 2018
RetNemt
ACQUISITION by LMK Group AB Sep 2016
Streekmolen
ACQUISITION by LMK Group AB Apr 2015
Godtlevert.no
ACQUISITION by LMK Group AB Mar 2017