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September 1, 2022

Discounted groceries startup Motatos raises €38m Series D

As the cost of living bites, this Swedish startup is well-placed to grow across Europe


Mimi Billing

3 min read

Motatos founder Karl Andersson and CEO Peter Beckius. Photo:Magnus Sandberg

With food prices on the rise and soaring fuel prices across Europe, startups that can help with the cost of living crunch have a golden opportunity. Swedish grocery discounter Motatos (or Matsmart, as it’s known on home turf) is one such business — and is today announcing a €38m Series D, bringing its total funding to €130m.

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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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