Kitchen United Brings in $100M For New Locations
Kitchen United

Kitchen United Brings in $100M For New Locations

Kitchen United is beefing up its service with a $100 million raise.

The company announced Monday that the Pasadena-based ghost kitchen company brought in the cash in a Series C funding round. The new funds bring Kitchen United’s overall financing to $175 million. New investors Kroger, Circle K, Simon Property Group, Phillips Edison, B. Riley Venture Capital, HAVI Group and Burger King owner Restaurant Brands International joined previous investors and former NFL star Peyton Manning to complete the round.

Kitchen United CEO Michael Montagano told Business Insider that the money will go towards increasing the company’s physical locations from 15 to 500 over the next five years. Previously, the company opened new locations through partnerships with investors Kroger and Simon Property Group.

Founded in 2017, Kitchen United is focused primarily on operating its 200 kitchens across California, New York, Illinois, and Texas. The company was an early entry in the booming ghost kitchen trend, which uses kitchens to prepare delivery-only meals. The pandemic boosted the business model’s popularity—and famed restaurateur Guy Fieri has stated that ghost kitchens are here to stay.

But the concept is changing, with many startups expanding beyond simply renting out locations. FooDoo is utilizing ghost kitchens to stock its microstores across Los Angeles. In 2019, Canter Deli’s Alex Canter launched NextBite, which partners restaurants with ghost kitchen brands to complete orders. Kitchen United, in particular, has repurposed mall food courts to allow shoppers to buy from multiple restaurants in one transaction.

Not all restaurant tech companies are thriving, with NextBite, for example, forced into downsizing in response to “changing markets.” Kitchen United’s sizable raise comes as some startup funding is drying up in the face of worsening economic conditions.
Upfront Ventures Summit: The Chainsmokers Journey From Music to Venture
Clark Studio

On Thursday, Upfront Ventures hosted its 2023 Summit and music icons Alex Pall and Drew Taggart of The Chainsmokers hit the stage, not to perform, but instead to discuss their venture journey.

The duo launched MantisVC, a Marina Del Rey-based early stage tech venture fund in 2019.

Pall and Taggart shared the stage with WndrCo’s managing partner Jeffrey Katzenberg to dive deeper into what their music career has taught them and how it translated over to their venture firm.

Read moreShow less
Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.