Fridge No More, a NYC-based instant grocery delivery service, closed a $15.4m Series A funding round.
The round was led by Insight Partners with participation from existing investors Altair Capital, amongst others.
The company intends to use the funds to grow their engineering and operations teams while scaling their network of cloud stores.
Co-founded by Pavel Danilov and Anton Gladkoborodov, Fridge No More is a 15-minute grocery delivery service currently offered on iOS and Android. By developing their own proprietary network of “cloud stores,” the company is able to offer grocery delivery at speed, within a 1-mile distance of each of their locations.
The company has also created a proprietary, data-rich platform for inventory and order management that is iteratively optimized based on store-specific customer demand.