- Los Angeles-based prepared meal company Everytable announced it has raised $16 million in Series B funding
Los Angeles-based prepared meal company Everytable announced it has raised $16 million in Series B funding according to the LA Business Journal. This round of funding was led by Creadev with participation from Kaiser Permanente Ventures, Candide Group, Gratitude Railroad Ventures, Desert Bloom Food Ventures, and Kimball Musk.
Launched in 2016, Everytable is aiming to sell inexpensive chef-prepared healthy meals. Initially, the company launched as a grab-and-go restaurant in South LA with a focus on low-income areas.
Now the company has 9 locations across LA County. But some of those locations are temporarily closed due to Covid-19.
Everytable founder and CEO Sam Polk said that a combination of logistics and technology enables the company’s mission of social good at solid margins possible. This round of funding will be used for expansion into new markets across Southern California. And the goal is to expand nationwide. Plus the company is also planning to focus on developing institutional food service partnerships and build out its subscription delivery service. Everytable has scaled production from roughly 30,000 meals per week to over 180,000 during the course of the pandemic.
“This new funding marks a significant milestone in our next phase of strategic growth and will help Everytable take the next step towards creating a more just and equitable society,” said Polk in a statement.