Total amount raised
$112.3 Millions
Latest funding date
06/01/2023
Location
Everytable has successfully raised funding through multiple rounds, with its latest being a Series C round closed on June 27, 2023. The company has garnered the support of 24 investors, including notable names like Dohmen Impact Investment Fund and Gullspång Re:food.
Keep reading to explore the intricacies of Everytable's fundraising journey and the investors backing this innovative platform.
What Is Everytable?
Everytable, founded in 2016 by David Foster and Samuel Polk, operates in the food and beverage industry, specifically focusing on food delivery and restaurants. The company is based in Los Angeles, California, and employs between 51-100 people.
Everytable offers a unique grab-and-go restaurant concept, providing nutritious, freshly prepared meals with pricing adjusted based on the median income of each zip code. Their mission is to make healthy food accessible to everyone, everywhere, through various services including pickup, delivery, subscriptions, and catering.
How Much Funding Has Everytable Raised?
- Series C
- Amount Raised: $25M
- Date: June 2023
- Lead Investors: Dohmen Impact Investment Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Everytable's retail stores and food services in Southern California, the Bay Area, and New York City.
- Series C
- Amount Raised: $55M
- Date: August 2022
- Lead Investors: Creadev, Desert Bloom, Gullspång Re:food
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the expansion of Everytable's store locations and foodservice business.
- Grant
- Amount Raised: $1M
- Date: February 2021
- Lead Investors: Kroger
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance Everytable's community-focused initiatives.
- Series B
- Amount Raised: $16M
- Date: November 2020
- Lead Investors: Creadev
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market presence.
- Series A
- Amount Raised: $6M
- Date: March 2020
- Lead Investors: S2G Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and expand Everytable's product offerings.
- Grant
- Amount Raised: $2.5M
- Date: January 2020
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support community outreach programs.
- Debt Financing
- Amount Raised: $1.5M
- Date: January 2019
- Lead Investors: The W.K. Kellogg Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure working capital for operational needs.
- Venture Round
- Amount Raised: $5.3M
- Date: June 2018
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and product development.
- Venture Round
- Amount Raised: -
- Date: December 2017
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To initiate market entry and early-stage growth.
Total Amount Raised: $112.3M. Current Valuation: Not publicly disclosed.
Key Investors
- Dohmen Impact Investment Fund
- Details: Dohmen Impact Investment Fund is a private foundation with over 165 years of healthcare experience. It focuses on accelerating the growth of for-profit social businesses with proven food solutions that improve human health.
- Investment Focus Areas: Public health, diet-related disease prevention, food solutions.
- Notable Investments: Everytable (first investment of the Dohmen Impact Investment Fund).
- Creadev
- Details: Creadev is an evergreen investment firm controlled by the Mulliez family, founders of one of the largest Business to Consumer retail platforms in the world. It operates worldwide with offices in Paris, New York, Singapore, and Nairobi.
- Investment Focus Areas: Healthcare, sustainable consumption, food.
- Notable Investments: Various companies in healthcare, sustainable consumption, and food sectors.
- Gullspång Re:food
- Details: Gullspång Re:food is an evergreen investment firm based in Stockholm and San Francisco, originating from the Swedish family-office Gullspång Invest. It aims to solve food system challenges for future generations.
- Investment Focus Areas: Healthy diets, alternative protein and fat, healthy soils, sustainable supply chains.
- Notable Investments: Oatly, Nick's, Mission Barns.
- Kroger
- Details: Kroger is one of the largest supermarket chains in the United States, known for its wide range of grocery products and services. It has a significant presence in the food retail industry.
- Investment Focus Areas: Grocery retail, food innovation, community initiatives.
- Notable Investments: Not publicly disclosed.
- The W.K. Kellogg Foundation
- Details: The W.K. Kellogg Foundation is a philanthropic organization focused on supporting children, families, and communities. It aims to create conditions for vulnerable children to realize their full potential.
- Investment Focus Areas: Education, health, economic security, community engagement.
- Notable Investments: Not publicly disclosed.
What's Next for Everytable?
Everytable is poised for significant growth, with plans to expand its retail stores and food services in Southern California, the Bay Area, and New York City. The company aims to open up to 25 additional stores by the end of 2023, capitalizing on the increasing focus on food as medicine and diet-related disease prevention.
Future fundraising opportunities appear promising, with potential for additional investments from foundations and socially conscious businesses. The Social Equity Franchise program, which supports marginalized communities in owning franchised locations, is also set to grow, with a long-term goal of investing $100 million.
However, challenges lie ahead. Everytable must navigate a competitive landscape and manage rapid expansion while maintaining quality and affordability. Ensuring the success of franchisees from marginalized communities and securing continuous funding to meet long-term goals will be crucial for sustained growth.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Everytable and gather other critical business insights.
Sign up for free and start making data-driven decisions today by visiting Clay's signup page.
