"The alliance with a large-scale leader at a time when the field of combating food waste is going through a period of consolidation globally is very good news for both Bonapp and the Romanian startup ecosystem. We are glad to remain investors in the company that will surely become a very strong player in this field," said Cristian Munteanu, Managing Partner Early Game Ventures, the fund that participated in the seed funding round announced by Bonapp.eco in early 2022, just two months after the app's launch.

Bonapp.eco was launched in November 2021 by Grégoire Vigroux, Diego Roy de Lachaise and Luka Zivkovic and immediately attracted an €800,000 investment round.

Munch was founded in 2020 by entrepreneurs Botond Zsoldos, Bence Zwecker, Albert Wettstein and Kirill Perepelica and has become a leader in Central and Eastern Europe in the field of applications to combat food waste. In December 2023, the company announced a Series A investment round led by Piton Capital with participation from FJ Labs and Groupon co-founder Christopher Muhr.

In Romania, about 2.55 million tons of food are thrown away annually, according to European Union statistics.
Restaurants, bakeries, grocery stores and hotels are using Bonapp and Munch to sell unsold, high quality food at discounted prices to combat food waste.

"Our role as a fund in the life of the companies in which we invest is not only to provide funding or participate in syndicated rounds, but also to support them afterwards to take the right steps towards the next chapter in their lives. We look forward to being part of the next stage of the Bonapp-Munch business coming together," adds Cristian Munteanu.

From the first fund, EGV invested in 28 companies between 2019-2023. In April 2024, Early Game Fund II was launched in April 2024 with a total value of €60 million looking for the most innovative early-stage tech startups in Romania and CEE. So far, 4 investments have been realized from the new fund, in cybersecurity, AI and healthtech startups.