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Kitchen United, The Ghost Kitchen And Restaurant Hub Technology Pioneer, Announces $100M Series C Fundraise

Jul 25, 2022over 3 years ago

Amount Raised

$100 Million

Round Type

series c

PasadenaFood and BeverageHospitalityFood And Beverage

Description

Kitchen United, ghost kitchen and restaurant hub technology pioneer, announced a $100M Series C fundraise, which includes some of the world's preeminent financial and strategic investors. Kitchen United welcomes new investors: Alimentation Couche-Tard / Circle K (TSX: ATD), The Kroger Co. (NYSE: KR), Restaurant Brands International (NYSE: QSR), B. Riley Venture Capital, a subsidiary of B

Company Information

Company

Kitchen United

Location

Pasadena, California, United States

About

The company has seen triple-digit top-line growth for three consecutive years, all supported by industry-leading metrics. The company offers a value-driven, low-risk way for emerging and established restaurant brands to enter into new markets, grow revenue through off-premises dining and expand delivery areas. Kitchen United currently has approximately 200 operational kitchens across 20 regions, powered by its industry-leading proprietary technology, with plans to significantly increase its technological and physical footprint in the near term. "The rising trend of off-premises dining presents a major growth opportunity for the ghost kitchen sector, and Kitchen United is uniquely positioned for significant expansion in the years ahead," says David Krane, CEO and Managing Partner, GV. About Kitchen United Founded in 2017, Kitchen United is a leading provider of restaurant hub technology, streamlined logistics and turn-key commercial kitchen space that empowers foodservice operators to tap into the growing off-premises business opportunity and offers consumers a first-of-its-kind to-go experience.

Funding Insights

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