Total amount raised
$1.3 Billions
Latest funding date
11/01/2021
Location
CloudKitchens has successfully leveraged its innovative ghost kitchen model to optimize food delivery and pickup services. The company offers a comprehensive platform that includes low-cost real estate, logistics, facility management, and proprietary technology.
Keep reading to explore the intricacies of CloudKitchens' fundraising journey and the investors backing this transformative platform.
What Is CloudKitchens?
CloudKitchens operates within the food delivery and technology industry, providing commercial kitchen spaces optimized for food delivery and pickup. The company offers a low-cost, high-efficiency model for restaurateurs to expand their business without the overhead of a traditional restaurant.
With multiple locations across major cities like San Francisco, Denver, Dallas, and New York, CloudKitchens allows restaurant operators to focus on cooking while the company handles logistics, technology, and facility management. This innovative approach helps restaurateurs reach a larger audience and streamline their operations.
How Much Funding Has CloudKitchens Raised?
- Seed Round
- Date: January 2016
- Lead Investors: -
- Series A
- Date: January 2017
- Lead Investors: Craft Ventures
- Venture Round
- Amount Raised: $400M
- Date: November 2019
- Lead Investors: Saudi Arabia's Public Investment Fund
- Venture Round
- Amount Raised: $850M
- Date: November 2021
- Lead Investors: -
- Debt Financing
- Date: November 2021
- Lead Investors: -
CloudKitchens has raised a total of $1.25 billion in funding.
Key Investors
- Saudi Arabia's Public Investment Fund
- Details: The Public Investment Fund (PIF) is Saudi Arabia's sovereign wealth fund, established to invest in projects that will diversify the country's economy away from oil. It is one of the largest sovereign wealth funds in the world, with assets under management exceeding $400 billion.
- Investment Focus Areas: Technology, infrastructure, real estate
- Notable Investments: Uber, SoftBank Vision Fund, Lucid Motors
- Craft Ventures
- Details: Craft Ventures is a venture capital firm founded by David Sacks and Bill Lee. The firm focuses on early-stage and growth investments in technology companies.
- Investment Focus Areas: SaaS, marketplaces, e-commerce
- Notable Investments: Bird, Reddit, SpaceX
- Undisclosed Investors
- Details: Several investors have participated in CloudKitchens' funding rounds but have chosen to remain anonymous. These investors contribute significant capital to support the company's growth and expansion.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
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