Kitchen United raises $100 million
Kitchen United, which provides solutions for off-premises dining, has raised $100 million in Series C funding from several investors including Alimentation Couche-Tard / Circle K, The Kroger Co., Restaurant Brands International, B. Riley Venture Capital, Simon, Phillips Edison & Co, The HAVI Group, GV, Fidelity Investments Canada ULC, RXR, DivcoWest, Cali Group, GoldenArc Capital, General Global Capital, and Rich Product Corporation. In addition, Kitchen United founders, Harry Tsao and John Miller, Kitchen United CEO, Michael Montagano, and Peyton Manning, made significant investments in the round. On completion of this round, the company’s total raise to date reaches approximately $175 million.
Founded in 2017, Kitchen United provides technology and logistics solutions that enable food operators to tap into the growing off-premises dining market. The company has approximately 200 operational kitchens across 20 regions and one of the features include the ability to order from multiple prepared food and consumer goods brands on the same ticket and with the same delivery driver.
“This Series C financing further solidifies Kitchen United’s leadership position in the industry. 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.” – Michael Montagano, Kitchen United’s CEO.
“We see many commercial opportunities in partnering with Kitchen United as it prepares for considerable scale. We believe this business stands apart from other industry players with its centralized locations, multi-format offerings, experienced management team, and mature technology stack — all of which align with Circle K’s mission to make our customers’ lives a little easier every day as we work together to shape the future of convenience.” – Kevin Lewis, CMO, Alimentation Couche-Tard.
“The rising trend of off-premises dining presents a major growth opportunity for the ghost kitchen sector, and Kitchen United is uniquely positioned for significant expansion in the years ahead. We’ve long been impressed with Kitchen United’s exceptional execution and unparalleled leadership in the sector. We’re excited to continue partnering with Michael Montagano and the entire Kitchen United team as they open more kitchen centers across the country and reach more restaurants and consumers.” – David Krane, CEO and Managing Partner, GV.