Butler Hospitality: $15 Million Funding And $85 Million Valuation

By Annie Baker ● Jul 13, 2020
  • Butler Hospitality — the first ghost kitchen for the hospitality industry — announced that it has raised $15 million in Series A funding at a valuation of $85 million

Butler Hospitality — the first ghost kitchen for the hospitality industry — announced that it has raised $15 million in Series A funding at a valuation of $85 million. This round of funding was led by &vest and the round was filled by Mousse Partners and existing investors Scopus Ventures, Kraft group, and Loeb.nyc.

This round of funding will be used to broaden existing service offerings and expand operations beyond New York City and into Chicago, Miami, and Washington D.C. Including this round of funding, Butler Hospitality has raised a total of $20.2 million in funding to date.

“The trust and support we’ve received from our investors is incredible encouragement for our team,” said Butler Hospitality CEO & Founder Tim Gjonbalic. “As the hospitality industry navigates the challenges of COVID-19 we’ve strived to adapt and meet the demands of our customers and continue to support our partners.”

Butler is known for taking over restaurants inside of hotels and transforming them into delivery hubs that provide virtual room service to nearby full, limited-, and select-service hotels. And Butler designs its own menu of elevated, accessible luxury food, prepares it in its own kitchens, and delivers it to hotels throughout New York City in under thirty minutes.

By partnering with hotels, Butler is able to deliver food directly to the hotel room and charges the guest’s credit card on file unlike other delivery services.

In order to help the company’s home city of New York, Butler responded quickly to the COVID-19 disaster by connecting with first responders to deliver over 175,000 meals to healthcare workers, quarantined senior citizens, COVID patients, and military personnel staying in partner hotels.

“I’m particularly proud that so many of our partner hotels were able to stay in business during lockdown only because they were part of the Butler network,” added Butler Hospitality CEO Premtim Gjonbalic. “These hotels would not have been able to secure first responder contracts without the room service amenity we provide.”

Butler launched out of the Entrepreneurs Roundtable Accelerator program in 2017. And the company has grown the number of hotel rooms served over 100% year-over-year every year for 3 years. And by partnering with industry-leading brands including Museum of Ice Cream, &pizza, and Ess-a-Bagel, Butler has brought the most innovative and dynamic food service experience ever to over 30,000 NYC hotel rooms.