Kitchen United Secures $100M Series C Funding From Kroger, Peyton Manning, and More; Michael Montagano Details
PASADENA, CA - What do Kroger, Alimentation Couche-Tard/Circle K, and two-time NFL Super Bowl MVP Peyton Manning all have in common? They are recent investors in Kitchen United, a pioneer in ghost kitchen and restaurant hub technology. Backed by these big names and more, the company raised $100 million in Series C funding, bringing its total fundraising to approximately $175 million to date.
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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.”
Over the past two years, Kitchen United has introduced several initiatives, including key collaborations with Kroger and Simon properties across the United States, a release stated. 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. 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.
Moving forward, 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.
To read more about Kitchen United’s recent funding round, click here.
What will come next for Kitchen United as it expands its ghost kitchen concept? Stay tuned to AndNowUKnow to find out.
