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Original funding round values catering market Hungry at $100M+


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Original funding round values catering market Hungry at $100M+

Hungry, a catering marketplace that connects businesses with independent chefs, announced this week that it has raised $20 million in Series B funding. Hungry tells me that the funding valued the company at more than $100 million (pre-money). The investors were also pretty impressive: The round was led by Evolution VC Partners and former Whole Foods…

Original funding round values catering market Hungry at $100M+

Hungry, a catering market that connects firms with honest cooks, launched this week that it has raised $20 million in Sequence B funding. Hungry tells me that the funding valued the firm at extra than $100 million (pre-money).

The investors bag been also exquisite impressive: The round used to be led by Evolution VC Companions and used Complete Foods co-CEO Walter Robb, who’s joining the startup’s board. Kevin Hart, Jay-Z, Los Angeles Rams working relief Todd Gurley, used Obama aide Reggie Admire and Seattle Seahawks linebacker Bobby Wagner also participated.

CEO Jeff Grass said that he and his co-founders Eman Pahlavani (COO) and Apprehensive Pahlevani (president) purchased the premise for the firm whereas working at their outdated startup LiveSafe.

“LiveSafe used to be in a food barren region, where essentially the most convenient alternatives bag been Subway and Ruby Tuesday,” Grass said. “We wanted extra legit food and we started fervent in, ‘Is there a better system that taps into native cooks?’ ”

That at last resulted in Hungry, which has constructed up a network of honest cooks in Washington, D.C., Philadelphia, Boston, Original York and Atlanta, offering catering to firms including Amazon, E-Trade, Microsoft and BCG. The cooks are all screened by Hungry, they cook dinner out of “ghost kitchens” (commercial kitchens that aren’t hooked as a lot as a restaurant) and then the food is delivered by the Hungry team.

“The food is produced at a worthy lower worth structure than at a restaurant with a retail situation,” Grass said. “And but you’re now not sacrificing on quality. These are high cooks cooking their handiest dishes — you catch increased than restaurant-quality food, but produced at a worthy lower worth.”

He added that this lower worth also allows the startup to be beneficiant. Namely, for every two meals sold, Hungry is speculated to donate one meal to total starvation in the U.S., and it has donated virtually 500,000 meals already.

As for the funding, Grass and his team will spend it to amplify into contemporary markets — he hopes to be in 23 cities by the stop of 2021.

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