RealEats, a Geneva, NY-based meal delivery service, raised over $16M in Series A funding.
The round was led by Hamilton Lane (NASDAQ: HLNE) on behalf of the New York State Common Retirement Fund, which participated through its co-investment fund managed by the firm, and also includes global health and wellness brand GNC, Armory Square Ventures, and Excell Partners. In conjunction with the funding, Yong Kai Wong, GNC’s Executive Vice-Chairman, joined RealEats’ Board of Directors.
The company intends to use the funds to:
- take the brand national,
- accelerate the move into their new 80,000 square foot facility in Geneva, NY,
- accelerate its product innovation pipeline, and
- launch a new meal line that will be debuting this year.
Led by Dan Wise, founder & CEO, RealEats provides a weekly subscription meal delivery service that makes it simple for people to enjoy the nutritional benefits of real food.