How Much Did Goldbelly Raise? Funding & Key Investors

Goldbelly has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The platform specializes in delivering gourmet food and food gifts from renowned chefs and iconic restaurants nationwide.

Keep reading to explore the intricacies of Goldbelly's fundraising journey and the investors backing this innovative platform.

What Is Goldbelly?

Goldbelly, founded in 2012, is an online platform based in New York City that connects local food providers to consumers nationwide. The company specializes in delivering iconic, regional, and local foods from various cuisines across the United States.

Founded by Joe Ariel, Joel Gillman, Trevor Stow, and Vanessa Torrivilla, Goldbelly offers tools for ordering and doorstep delivery, helping small businesses reach new customers and grow their revenue. The platform features gourmet food and food gifts from renowned chefs and iconic restaurants.

With a team of 101-250 employees, Goldbelly continues to expand its offerings, providing a unique culinary experience to food lovers everywhere.

How Much Funding Has Goldbelly Raised?

1. Pre-Seed Round
   • Amount Raised: $120K
   • Date: March 2013
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Initial funding to develop the platform and launch operations.
2. Seed Round
   • Amount Raised: $3M
   • Date: September 2013
   • Lead Investors: Intel Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
3. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: January 2014
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Further development and market expansion.
4. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: August 2015
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support scaling operations and marketing efforts.
5. Series A
   • Amount Raised: $10M
   • Date: March 2017
   • Lead Investors: Global Founders Capital, Intel Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the product offerings and improve logistics.
6. Series B
   • Amount Raised: $20M
   • Date: October 2018
   • Lead Investors: Enlightened Hospitality Investments
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance technology and expand the customer base.
7. Series C
   • Amount Raised: $100M
   • Date: May 2021
   • Lead Investors: Spectrum Equity
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale technology, onboard new partners, and launch new content initiatives.

Total Amount Raised: $133.12M. Current Valuation: Not publicly disclosed.

Key Investors

• Spectrum Equity
  • Details: Spectrum Equity is a leading growth equity firm that provides capital and strategic support to innovative Internet, software, and information services companies.
  • Investment Focus Areas: Internet, software, information services.
  • Notable Investments: Ancestry.com, Grubhub, SurveyMonkey.
• Enlightened Hospitality Investments
  • Details: Enlightened Hospitality Investments is a venture capital firm that invests in companies within the hospitality and food sectors.
  • Investment Focus Areas: Hospitality, food, technology.
  • Notable Investments: Not publicly disclosed.
• Global Founders Capital
  • Details: Global Founders Capital is a globally oriented venture capital firm that supports founders in building market-leading companies.
  • Investment Focus Areas: Technology, e-commerce, software.
  • Notable Investments: Facebook, LinkedIn, Slack.
• Intel Capital
  • Details: Intel Capital is the global investment organization of Intel Corporation, making equity investments in innovative technology startups and companies worldwide.
  • Investment Focus Areas: Artificial intelligence, autonomous vehicles, data center, 5G.
  • Notable Investments: Cloudera, DocuSign, Vuzix.

What's Next for Goldbelly?

Goldbelly's future looks promising as it leverages its recent $100 million Series C funding to scale technology and operations, onboard new chef and restaurant partners, and launch new content initiatives. The growing demand for curated, regional, and small-batch foods presents a significant opportunity for expansion.

With the backing of prominent investors like Spectrum Equity and Intel Capital, future fundraising rounds seem likely, enabling further growth and market penetration. However, challenges such as competition from other food e-commerce platforms and maintaining quality with an expanding partner base could pose hurdles. Efficiently scaling operations while managing costs will be crucial for sustained success.

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