Madrid, April 28, 2026
Spanish firm Seaya closed the acquisition, through its Andromeda fund, of a majority stake in the baby food company Smileat. The company’s founding team will continue to lead the business in this new phase, during which Smileat aims to triple its size over the next three years. To achieve this, the group plans to pursue an active M&A strategy, consolidate its organic growth in Spain, and accelerate its international expansion.
The group already distributes its products at Carrefour, Dia, and Eroski and has recently begun selling at Costco, Transgourmet, Maskom, Hiperdino, and Spar Gran Canaria. In addition, it has added more than 570 organic stores, pharmacies, and specialty coffee shops to its customer base over the past year. For Smileat, its largest sales channel—accounting for 65% of revenue—remains retail, while online sales represent 25% through its own website as well as Amazon and other marketplaces. The remainder comes from pharmacies and organic stores.
About Seaya Andromeda
Seaya Andromeda is Seaya’s growth and private equity fund, investing in high-growth technology companies that are driving digital transformation and sustainability globally. Smileat is Seaya Andromeda’s eleventh relevant investment.
Seaya is the leading growth and private equity platform in Southern Europe, with offices in Madrid and Barcelona. Since launching its first fund in 2013, Seaya has built a strong track record and currently manages more than €650 million across its investment portfolio.
Learn more at: seaya.vc/seaya-andromeda/
About Smileat
Founded in Madrid in 2015, Smileat has become Spain’s leading organic baby food brand, helping families feed their children with healthier, more sustainable alternatives to traditional mass-market products. The company combines a 100% organic, additive-free product philosophy with strong retail execution to compete head-to-head with global players such as Nestlé and Hero. Its portfolio spans purées, pouches, snacks and other stage-specific solutions, all made from certified organic ingredients with no added sugar, salt or additives.
