mynth
10/2026MinorityGrowth Equity

4impact capital invests in FLTRD

NETHERLANDS Software / Gaming & Consumer Apps REV 0m EUR - 10m EUR

Context

4impact capital led a pre-seed round of more than 500,000 euros in FLTRD in October 2026, joined by angel investors from the consumer goods industry, in a minority investment supported by the European Union through the InvestEU Fund. Based in Utrecht, FLTRD runs an app that tells shoppers how processed a product is. Scanning a barcode in a supermarket returns the product’s PureScore, a rating the company built on three elements: the ingredients, counting added sugars, fats, salt, additives and refined components stripped of their nutrients; the processes applied, from heating and extrusion to hydrogenation, which alter the structure of the food; and organic certification, which lowers pesticide residues. The app then proposes less processed alternatives on the same shelf. It covered more than 150,000 products from seven supermarket chains and had over 35,000 users in the Netherlands. The subject has moved from nutrition journals to policy. More than 70% of products on Dutch supermarket shelves are ultra-processed, and a Lancet series published in November 2025 linked their rising share of diets worldwide to chronic disease. In July 2026 the European Commission asked its scientific advisers how the Union should define ultra-processed food, with their advice due in March 2027, and it approached co-founder Anke Kuik for her expertise. That is what the investor was buying. If a definition is adopted and obligations follow, manufacturers and retailers will need a way to measure the processing of their own products, and the dataset and methodology FLTRD built for consumers become something it can license to them. The company holds both the scoring system and the product database behind it.

FLTRD, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x in 2026).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
€0–10M
[members only]
[members only]
2025
€0–10M
[members only]
[members only]

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REFERENCES

Revenue range: REV 0m EUR - 10m EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FLTRD by 4impact capital are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: fltrd

Acquirer: 4impact capital

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in FLTRD, a Dutch company specialised in Gaming & Consumer Apps, by 4impact capital in 2026, structured as a growth equity investment to support its development.

How does the valuation of FLTRD compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 14.6x EBITDA during 2026.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

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