Kester backs Nutritics, a leading SaaS platform for food data management

Kester, a leading sector focused private equity firm, has invested in Nutritics, a fast-growing food data management software platform.

Nutritics represents Kester’s first investment from its latest fund, Kester Capital IV, which recently held its first and final close at its hard cap of £425 million. The investment in Nutritics builds on Kester’s strategy of investing in high-growth, high-potential companies in the Technology and Life Sciences sectors and concludes a year in which Kester backed Addresscloud, an insurance risk intelligence provider, Re-flow, a provider of field service management software to the critical infrastructure industry, and Evestia Clinical, a Clinical Research Organisation to the global pharmaceutical and biotech sectors.

Nutritics is a market-leading food data management software platform for the foodservice and hospitality sectors. Nutritics’ subscription-based platform is underpinned by a database of granular and structured data on >1.5 million foods; with functionality across allergen tracking, recipe management and menu publishing, Nutritics enables customers to ensure compliance with industry regulations, improve food safety and reduce cost. Nutritics has an exceptional reputation for quality, with leading customer retention metrics, strong levels of customer satisfaction and a highly differentiated product suite.

Nutritics operates in a large market that is supported by strong secular tailwinds, including existing and planned regulation globally, driving accelerated adoption of software and data solutions to support compliance with allergen, calorie and nutrition disclosure obligations. Kester’s investment will accelerate Nutritics’ growth, drive new product development and support expansion into the strategically important US market, both organically and via acquisition.

Stephen Nolan, CEO of Nutritics, said: “We are delighted to announce this investment from Kester. Finding the right partner was critical for us and Kester’s deep sector experience and track record, coupled with their understanding of our business, culture and potential, set them apart from other investors. We are excited about partnering with them for the next phase of our growth.”

Adam Maidment, Managing Partner of Kester, said: “Nutritics is an exceptional business that operates in a large market, underpinned by long-term regulatory tailwinds. Stephen, Ciarán and Damian have a track record of developing industry-leading solutions and we are delighted to be partnering with them to support Nutritics in realising its full potential.”