With two-time NFL Super Bowl MVP Peyton Manning on your side, anything is achievable. Backed by the NFL star, Kroger, Alimentation Couche-Tard/Circle K, and more, Kitchen United has secured $100 million in Series C funding. This recent investment round brings the ghost kitchen and restaurant hub technology expert’s funding to approximately $175 million to date, maintaining the company’s rapid growth.
“This Series C financing further solidifies Kitchen United's leadership position in the industry,” said Michael Montagano, Kitchen United's Chief Executive Officer and Board Member. “Kitchen United uniquely sits at the intersection of technology, food, and real estate. Our solution serves as the technological and physical infrastructure revolutionizing centrally located distribution hubs through streamlining off-premises ordering and consumption. To that end, we are thrilled to partner with leading investors across grocery, convenience, restaurants, malls, packaging, logistics, distribution, automation, and urban and suburban real estate development.”
With these investments, Kitchen United will continue to focus on Los Angeles, New York City, Chicago, and Texas as critical areas for expansion. The ghost kitchen innovator will also be evolving its multi-ordering technology platform Kitchen OS for use by customers such as Burger King, Popeyes, Chick-fil-A, Panera Bread, Wingstop, and others.
Kitchen United has introduced several initiatives over the past couple of years, including key collaborations with Kroger and Simon properties across the United States. Currently, the company has approximately 200 operational kitchens in 20 regions, each powered by proprietary technology, with plans to increase that number shortly.
For three consecutive years, Kitchen United has seen triple-digit, top-line growth, all supported by industry-leading metrics, as explained in a press release. The company's proprietary technology enables its customers to order from multiple prepared goods and consumer goods brands on the same ticket with the same delivery driver, all synchronized to maximize quality while minimizing time and cost.
To read more about Kitchen United’s recent funding round, click here.
As this innovative concept continues to revolutionize the foodservice sector, Deli Market News will be here to report on its advancements.
