Terraflos acquires majority of Peru's +NUTRI Co in eight-figure foodtech exit
What's the deal? Uruguay-based biotech Terraflos, led by Facundo GarretónDealroom has a profile for this one. Try Dealroom →, has acquired a majority stake in Peruvian foodtech +NUTRI Co in an eight-figure US dollar transaction — one of the most significant M&A moves involving a Peruvian startup in the past decade. Cofounders Carlos NocedaDealroom has a profile for this one. Try Dealroom → and Daniel Nuñez will stay on to lead the company.
What each side does: +NUTRI Co makes healthy foods using artificial intelligence, with more than 30 million products sold, over 50 SKUs across seven categories, and operations in Peru, Chile, and Mexico. Terraflos specialises in developing bioactives and functional products.
Why now? The two are not strangers. In July 2024, Terraflos invested US$2 million in +NUTRI Co and took an initial equity stake — a relationship both sides cite as key to the deal.
What's the endgame? +NUTRI Co built its own AI system, “Virgilio IA,” to optimise the formulation of functional foods, and projects revenue growth of 50% in 2026 over the prior year. As part of the acquisition, it will launch +NUTRI Co Functional, a product line folding in Terraflos's bioactives and biotech capabilities in mass-consumption formats — no pills or complex supplements. The deal also accelerates expansion into Argentina, Colombia, and Uruguay, where Terraflos already has sales networks and production capacity.
The signal: The exit shows how Latin American startups are consolidating cross-border, pairing local consumer brands with regional biotech to reach mass markets. “We believe +NUTRI Co's best years are coming now,” said Nuñez, the company's cofounder and chief financial officer.
Read more: StartupsLatam
