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Butler Hospitality, Ghost Kitchen for Hotels, Valued at $85M, Raises $15M Series A

Jul 10, 2020•over 5 years ago

Amount Raised

$85 Million

Round Type

series a

New York

Description

Butler Hospitality, the first ghost kitchen for the hospitality industry, today announced the close of a $15M Series A investment round bringing its valuation to $85M. Led by &vest, the round was filled by Mousse Partners and existing investors Scopus Ventures, Kraft group and Loeb.nyc. The funds will be used to broaden existing service offerings and expand operations beyond New York City and into Chicago, Miami, and Washington D.C.. Butler Hospitality has raised $20.2M in funding to date.

Company Information

Company

Butler

Location

New York, New York, United States

About

Founded in 2016, Butler Hospitality is the first ghost kitchen for the hospitality industry and the largest food & beverage service in New York City based on total accessible guests. Delivered fast directly to the room and supported by multiple payment options including bill-to-room, Butler’s proprietary ordering and delivery tracking technology makes room service delicious, affordable, and profitable. Butler works with the best hotel management companies including Hersha Hospitality, Crescent, and M&R and works across brands and star ratings. Currently serving more than 30,000 keys in New York City, Butler will be live in Chicago, Miami, and Washington DC by January 2021.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech