Total amount raised
$112.3 Million
Latest funding date
06/01/2023
Location
Everytable has successfully raised funds over 8 rounds, with the latest being a Series C round involving 4 investors, including Dohmen Impact Investment Fund. The company is backed by a total of 24 investors, demonstrating significant interest and support from the investment community.
Keep reading to explore the intricacies of Everytable's fundraising journey and the investors backing this innovative platform.
What Is Everytable?
Everytable is a grab-and-go restaurant chain based in Los Angeles, California. The company operates within the Food and Beverage, Food Delivery, and Restaurants industries, offering freshly made, scratch-cooked meals inspired by diverse communities.
Founded with a mission to make healthy food accessible and affordable, Everytable employs between 51-100 people. The company has raised significant funding through multiple rounds, with the latest being a Series C round.
How Much Funding Has Everytable Raised?
- Series Unknown
- Amount Raised: USD 5,300,000
- Date: June 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and increase market presence.
- Debt Financing
- Amount Raised: USD 1,500,000
- Date: January 2019
- Lead Investors: The W.K. Kellogg Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and expansion plans.
- Grant
- Amount Raised: USD 2,500,000
- Date: January 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund community-focused initiatives and expand food accessibility.
- Series A
- Amount Raised: USD 6,000,000
- Date: March 2020
- Lead Investors: S2G Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological infrastructure.
- Series B
- Amount Raised: USD 16,000,000
- Date: November 2020
- Lead Investors: Creadev
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand retail locations and increase production capacity.
- Grant
- Amount Raised: USD 1,000,000
- Date: February 2021
- Lead Investors: Kroger
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support community outreach and food justice programs.
- Series C
- Amount Raised: USD 55,000,000
- Date: August 2022
- Lead Investors: Creadev, Desert Bloom, Re:food
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and enhance product offerings.
- Series C
- Amount Raised: USD 25,000,000
- Date: June 2023
- Lead Investors: Dohmen Impact Investment Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel the growth of retail stores and food services business.
Total Amount Raised: USD 111,300,000. Current Valuation: Not publicly disclosed.
Key Investors
- Dohmen Impact Investment Fund
- Details: The Dohmen Impact Investment Fund is operated by the Dohmen Company Foundation, a private foundation with over 165 years of healthcare experience. The foundation focuses on accelerating the growth of for-profit social businesses with proven food solutions that improve human health.
- Investment Focus Areas: Health and wellness, for-profit social businesses, food solutions.
- Notable Investments: Everytable (inaugural investment).
- Creadev
- Details: Creadev is an evergreen investment firm controlled by the Mulliez family, founders of a large B2C retail platform. The firm collaborates long-term with entrepreneurs focused on healthcare, sustainable consumption, and food.
- Investment Focus Areas: Healthcare, sustainable consumption, food.
- Notable Investments: Over $2 billion invested in various companies.
- 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. The firm 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.
- Kaiser Permanente Ventures
- Details: Kaiser Permanente Ventures is the venture capital arm of Kaiser Permanente, a leading healthcare provider. The firm invests in innovative healthcare solutions that improve patient care and health outcomes.
- Investment Focus Areas: Healthcare innovations, health-related companies.
- Notable Investments: Not publicly disclosed.
- The W.K. Kellogg Foundation
- Details: The W.K. Kellogg Foundation is a private foundation established by breakfast cereal pioneer Will Keith Kellogg. The foundation focuses on supporting children, families, and communities as they strengthen and create conditions for vulnerable children to achieve success.
- Investment Focus Areas: Education, health, economic security.
- 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, leveraging its recent $25 million funding round. This expansion presents a substantial opportunity to increase market presence and reach more communities with nutritious, affordable meals.
Future fundraising efforts are likely to attract continued support from impact investors focused on health and nutrition. The Social Equity Franchise program, which helps marginalized communities own franchised locations, is set to receive long-term investments, further driving Everytable's mission. However, the company may face challenges such as managing rapid expansion, maintaining quality, and navigating a competitive landscape.
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