Power Supply, an Alexandria, VA-based food startup that operates a curated marketplace for chef-driven prepared healthy meals, raised $5m in seed funding.
The round was led by Upfront Ventures with participation from Hanson Li (Saison, Locol), former Blackboard CEO Michael Chasen, heath guru Mark Sisson, former CMO of Fresh Direct Drew Koven, and Alan Bankier and The Motley Fool.
The company intends to use the funds to expand into new markets and extend the technology capabilities.
Led by Founder and CEO Patrick Smith, Power Supply operates a custom technology marketplace designed to connect independent chefs with a wellness-oriented audience, via a distribution network that includes 200 fitness community locations, as well as home and office delivery. A customer review system allows the company to refine and personalize meal selections and recommendations.
Launched in 2011, it is available in hundreds of locations throughout Washington D.C., in Los Angeles, San Francisco, with other major cities coming soon.
FinSMEs
11/02/2016