CookUnity, a Brooklyn-based food-tech company that introduced a direct Chef-to-Consumer meal subscription platform, closed a $15.5m Series A funding round.
The round was led by Fuel Venture Capital with participation from new and existing investors including seed round lead IDC Ventures. Jeff Ransdell, Founding Partner and Managing Director of Fuel Venture Capital, will join the board of directors.
This company, which has raised $23m in total funding to date, intends to use the capital to expand its marketing initiatives and grow across North America, opening two new kitchens in Los Angeles, CA and Texas in addition to the original kitchen in Brooklyn, NY.
Led by Founder and CEO Mateo Marietti, CookUnity has created a new marketplace concept for chefs and a daily, dynamic meal solution for consumers. The model offers up and coming chefs, alongside established restaurateurs and food innovators, the tools and resources to diversify and create a digital-first business. With CookUnity, chefs generate a new predictable revenue stream and are able to reach consumers beyond the geographic constraints of a restaurant or delivery zone.
Through a weekly subscription, consumers choose from over 300 meals handcrafted by talented chefs, tailored to satisfy different palates and dietary preferences.
The financing follows a growth year for CookUnity which saw rapid growth in its weekly subscribers and a YoY growth of over 450% since January 2020. In addition, CookUnity onboarded 12 new chefs this past year, including Jean-Georges Vongerichten, Einat Admony, Esther Choi, Marc Forgione and others, bringing the current total to 32.
FinSMEs
13/01/2020