Total amount raised
$70.2 Million
Latest funding date
06/01/2023
Location
HUNGRY has successfully raised funding over 7 rounds, with the latest being a Series C round involving 14 investors, including RGH Capital. The platform offers comprehensive workplace food solutions, partnering with top chefs and local restaurants to deliver high-quality food and seamless service.
HUNGRY's fundraising journey has attracted 53 investors, with recent backers like GP Ventures and Eric Kessler. Keep reading to explore the intricacies of HUNGRY's fundraising journey and the investors backing this innovative platform.
What Is HUNGRY?
HUNGRY, based in Arlington, Virginia, is a national food-tech platform that delivers happiness and wellbeing to the workplace. The company offers comprehensive workplace food solutions, including office catering, group order meal delivery, event catering, and snacks & pantry services.
Founded by a team of passionate entrepreneurs, HUNGRY partners with top chefs and local restaurants to provide high-quality food and seamless service. The company employs between 101-250 people and emphasizes social responsibility by donating meals to fight hunger and offsetting carbon emissions through tree planting.
How Much Funding Has HUNGRY Raised?
- Series C
- Amount Raised: USD 10,000,000
- Date: June 2023
- Lead Investors: RGH Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance their service offerings.
- Series Unknown
- Amount Raised: USD 6,616,336
- Date: April 2022
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth initiatives.
- Series C
- Amount Raised: USD 21,000,000
- Date: September 2021
- Lead Investors: Sands Capital Global Venture Fund, Motley Fool Ventures, Evolution VC Partners, Marcy Venture Partners, Stonewall Robb Investments, Studio Management, Bread and Butter Ventures, The Syndicate Fund, James Madison Innovations, GP Ventures, the Center for Innovative Technology, Private Access Network, The Torch Fund, The Heritage Fund, Flight VC, Robert G. Hisaoka
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel business and events catering market expansion.
- Series B
- Amount Raised: USD 20,000,000
- Date: March 2020
- Lead Investors: Evolution VC Partners, Walter Robb
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Series A
- Amount Raised: USD 8,000,000
- Date: April 2019
- Lead Investors: Motley Fool Ventures, Sands Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and market presence.
- Seed
- Amount Raised: USD 1,500,000
- Date: June 2018
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the platform and build initial market traction.
- Seed
- Amount Raised: USD 3,092,089
- Date: April 2018
- Lead Investors: Bob Hisaoka, Timeless Media
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the product and secure early adopters.
HUNGRY has raised a total of USD 70,208,425. The current valuation is Not publicly disclosed.
Key Investors
- RGH Capital
- Details: RGH Capital is a venture capital firm that invests in high-growth companies. They are known for their strategic support and extensive network.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
- Motley Fool Ventures
- Details: Motley Fool Ventures is the venture capital arm of The Motley Fool, focusing on early-stage investments. They leverage their extensive financial expertise to support portfolio companies.
- Investment Focus Areas: Fintech, consumer goods, healthcare
- Notable Investments: Not publicly disclosed
- Evolution VC Partners
- Details: Evolution VC Partners is a venture capital firm that invests in early-stage companies. They provide both financial and strategic support to help companies scale.
- Investment Focus Areas: Technology, media, consumer products
- Notable Investments: Not publicly disclosed
- Marcy Venture Partners
- Details: Marcy Venture Partners is a venture capital firm co-founded by Jay-Z. They focus on consumer brands and culture-driven companies.
- Investment Focus Areas: Consumer brands, culture, technology
- Notable Investments: Not publicly disclosed
- Sands Capital Global Venture Fund
- Details: Sands Capital Global Venture Fund is managed by Sands Capital and focuses on high-growth companies. They are known for their long-term investment approach.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
What's Next for HUNGRY?
HUNGRY is poised to capitalize on the burgeoning business and events catering market, leveraging its recent $21 million Series C funding round. The involvement of high-profile investors like Issa Rae and Terry Crews enhances its brand visibility, opening doors to new markets and strategic partnerships.
Future fundraising opportunities look promising, given the strong investor confidence demonstrated in the latest round. This financial backing will be crucial as HUNGRY navigates the competitive foodtech landscape, aiming to scale operations and maintain service quality across different regions.
However, challenges such as managing rapid growth and facing competition from other foodtech startups remain. Ensuring consistent quality and service will be key as HUNGRY continues its expansion journey.
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