Kitchen United, a Pasadena, CA-based kitchen as a service company built to serve the world of off-premise dining, closed on its $40 million Series B funding round.
The round was co-led by RXR Realty – one of New York City’s largest real estate owners, investors, operators and developers – and GV, with participation by certain funds managed by Fidelity Investments Canada ULC, DivcoWest and G Squared. Existing investors and founders John Miller, Harry Tsao and others also participated in the round.
As part of its relationship with RXR Realty, Kitchen United will be entering the New York City market, with kitchen centers opening in RXR and other properties in the tristate area.
Launched in 2017 and led by Jim Collins, CEO, Kitchen United is a kitchen as a service company that provides restaurant operators with a way to enter into new markets, grow revenue through off-premise dining and expand delivery areas by removing barriers such as capital or technology challenges.
Its commerical kitchen centers each house 10 to 15 brands, allowing the restaurant to focus on the food, while Kitchen United takes care of the rest. With locations open in Pasadena and Chicago, the company will soon open in Scottsdale and Austin, with additional sites under construction in Chicago, San Francisco, Los Angeles and other major markets.
FinSMEs
20/09/2019