Feast & Fettle, a Providence, R.I.-based fully-prepared meal delivery service, closed a $1.2M seed funding round.
The round was led by Salem Capital Management, the family office of Paul Salem, Senior Managing Director Emeritus at Providence Equity Partners and Chairman at MGM Resorts.
Launched in 2016 by personal chef Maggie Mulvena Pearson and led by CEO Carlos Ventura, Feast & Fettle hand-delivers gourmet, restaurant-quality meals to their member base in Rhode Island and Massachusetts. Rather than focusing on high-volume production, the company has found a niche by serving busy families and professionals.
The company intends to use the funds to accelerate expansion plans, including a custom-built production facility to serve the Boston metropolitan area in early 2021. Future facilities will be located in Connecticut and launched in late 2021.
Prior to this round, Feast & Fettle raised a small round of capital from friends and family, including Chairman and CEO of Water Rower Inc., Peter King.