Kitchen United, a Pasadena, CA-based provider of ghost kitchen and restaurant hub technology, raised $100M in Series C funding.
Backers included 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. Riley Financial (NASDAQ: RILY), Simon (NYSE: SPG), Phillips Edison & Co (NASDAQ: PECO), The HAVI Group, GV, Fidelity Investments Canada ULC, RXR, DivcoWest, Cali Group, GoldenArc Capital, General Global Capital, Rich Product Corporation, Harry Tsao, John Miller, Michael Montagano, and Peyton Manning.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO Michael Montagano, Kitchen United is a provider of restaurant hub technology, streamlined logistics and commercial kitchen space for foodservice operators to enter into new markets, grow revenue through off-premises dining and expand delivery areas. The technology enables customers to order from multiple prepared food and consumer goods brands on the same ticket and with the same delivery driver, all synchronized to maximize quality and payload, and minimize time and expense.
The company currently has approximately 200 operational kitchens across 20 regions, powered by its proprietary technology, with plans to increase its technological and physical presence in the near term. Kitchen United will continue its focus on Los Angeles, New York City, Chicago, and Texas as key markets with continued expansion throughout other US trade areas. Additionally, the company will be further evolving its multi-concept ordering technology platform Kitchen United OS, for use by customers including Burger King, Popeyes, Chick-Fil-A., Portillo’s, Panera Bread, Dog Haus, Wingstop, and Brinker International.
FinSMEs
26/07/2022