N!CK’S secures $100 million in Series C funding to expand its range of healthy snacks and ice cream, aiming to double its market presence in the U.S. and Europe.

Target Information

N!CK’S, a Swedish food technology company founded in 2017, specializes in producing healthier ice cream and snack products. The company's innovative offerings feature a unique blend of sweeteners and ingredients, resulting in significantly lower calorie counts without the addition of sugar. N!CK’S was established by Niclas Luthman, who was motivated to create better food options after several family health issues, including his own diagnosis of pre-diabetes.

Initially focused on the European market, N!CK’S has developed a diverse product line, including ice cream, snack bars, and confectionery items. Recognizing that the food industry lacked healthier alternatives, Luthman aimed to leverage science to create better-for-you options rather than expecting consumers to change their eating habits.

Industry Overview

The food technology industry, particularly in Europe and the U.S., has experienced rapid growth fueled by increasing consumer awareness of health and sustainability. The demand for healthier snack options con

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Kinnevik, Temasek

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N!CK’S

in

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Disclosed details

Transaction Size: $100M

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