Redeye initiates coverage of Fuud, a Swedish serial acquirer in the functional food sector. Thanks to a broad portfolio of healthy brands, such as street food brand Beijing8, Homie, and Legendz, healthy drinks aimed at young gamers, Fuud is well on its way to ramping up revenues through its expansive Nordic distribution channels. We consider functional food an exciting investment space, to which Fuud offers good exposure, with its estimated 56 percent five-year revenue CAGR.