HUNGRY Closes $ 21 Million Series C Round With “A-List” Support
Led by notable VCs and celebrity investors, new funding will propel HUNGRY’s geographic and service-based expansion
Arlington, Virginia (RestaurantNews.com) HUNGER, one of the fastest growing food tech startups in the United States, today announced the closing of its $ 21 million Series C funding. The tour brings together a new team of passionate and diverse supporters, including award-winning actress, screenwriter and producer Issa Rae; America’s Got Talent host Terry Crews; NFL wide receiver DeAndre Hopkins; NBA superstar Lonzo Ball and heavyweight boxing champion Deontay Wilder.
The new group joins HUNGRY’s already impressive list of notable investors, including Jay-Z’s Marcy Venture Partners; comedian, actor and producer Kevin Hart; internationally renowned music figure Usher; Ndamukong Suh, five-time NFL pro; six-time professional linebacker Bobby Wagner; celebrity chefs Tom Colicchio and Ming Tsai; and former Whole Foods Market co-CEO Walter Robb.
Additional venture capital support for the cycle came from a group of renowned investors including Sands Capital Global Venture Fund, Motley Fool Ventures, Evolution VC Partners, Marcy Venture Partners, Stonewall Robb Investments, Studio Management, Bread and Butter Ventures, Ames Watson LLC, The Syndicate Fund, James Madison Innovations, GP Ventures, the Center for Innovative Technology, Private Access Network, The Torch Fund, The Heritage Fund, Flight VC, and Robert G. Hisaoka.
HUNGRY will use the new capital injection to accelerate its geographic and service-based expansion.
“Since the start of the pandemic, interest in HUNGRY has grown exponentially,” said Jeff Grass, CEO of HUNGRY. “This round of funding has been completed in record time with considerable interest from new and past supporters, which will allow us to help even more Chiefs and communities across the country.”
Over the past 18 months, HUNGRY has thrived under the pressure of a global pandemic, expanding its offering to include Virtual experiences and food delivery and last-mile logistics services, both of which already have a national footprint. These new offers enabled HUNGRY to double its annualized year-end revenue in 2020.
“What started as a mission to disrupt the $ 60 billion office catering industry has grown into an adaptable, multi-pronged business – revolutionizing the way chefs work,” said the co-founder and COO by HUNGRY Eman Pahlavani. “Our response to the pandemic has demonstrated the power, agility and flexibility of our technology platform, our network of leaders and our incredible team. “
Since its inception, HUNGRY has donated one meal for every two meals sold to help end hunger in the United States. To date, the company has donated more than half a million meals through its own efforts and in partnership with Feeding America’s national network of food banks.
The startup’s food solutions business currently operates in Boston, New York, Philadelphia, Washington, DC, Atlanta, Austin and Dallas. The company plans to expand its on-site services to Los Angeles and the San Francisco Bay Area in September. HUNGRY Virtual Xperiences are available nationwide.
HUNGRY was founded in 2017 by serial entrepreneurs Eman Pahlavani, Shy Pahlevani and Jeff Grass as a revolutionary platform engaging the $ 60 billion commercial and event catering market. The tech-driven Marketplace delivers curated experiences to groups and businesses across the United States through catering, chef pop-ups, snack packs, virtual kitchen experiences, and food delivery services .
Notable HUNGRY investors include Jay-Z’s Marcy Venture Partners, Kevin Hart, Usher, Todd Gurley, Bobby Wagner, Ndamukong Suh, and celebrity chefs Tom Colicchio and Ming Tsai. Through its partnerships, HUNGRY has donated over half a million meals to people in need. The company also promotes the reduction of environmental waste through its Food Solutions programs.
HUNGRY is headquartered in Washington, DC and has rapidly growing operations in Philadelphia, Atlanta, Boston, New York, Austin, Dallas, and Los Angeles. For more information visit tryhungry.com.