HUNGRY – a food-tech marketplace company recently announced it closed a $10 million Series C1 funding round, which is its final raise before expected profitability. And the funding catapults HUNGRY’s valuation up to $270 million and includes investments from professional athletes Anfernee Simons of the Portland Trail Blazers, Bobby Wagner of the Seattle Seahawks, Roquon Smith of the Baltimore Ravens, and Laremy Tunsil of the Houston Texans. Robert G. Hisaoka of RGH Capital – who was one of HUNGRY’s earliest investors – returned for a leading investment in this round with additional investments from many new and current investors, including Sands Capital Ventures, Motley Fool Ventures, Evolution VC Partners and GP Ventures as well as Chef Tom Colicchio, Chef Ming Tsai, Dan Simons, Eric Kessler.
The Series C1 group joins HUNGRY’s A-list roster of existing individual and institutional investors, including Jay-Z’s Marcy Venture Partners, Kevin Hart, Usher, Ndamukong Suh, Stonewall Robb Investments, Studio Management, Bread and Butter Ventures, Ames Watson, LLC, etc.
Having now raised $60 million, HUNGRY will be using the C1 capital to continue its growth trajectory and reach full operational profitability. And HUNGRY has expanded from operating in five markets pre-COVID to 13 major cities across North America. The company also recently acquired a better-for-you snacks brand, NatureBox, and has been on the front end of corporate America’s return-to-office movement (RTO). And RTO is helping fuel HUNGRY’s exponential growth, improved margins and geographic and product-line expansions.
KEY QUOTES:
“Since participating as a seed investor to HUNGRY in 2016, I’ve been extremely impressed with the company’s ability to expand rapidly and disrupt the food space. I am excited to invest and lead HUNGRY’s C1 funding and look forward to the growth that’s to come.”
— Robert “Bob” Hisaoka, Chairman and CEO of RGH Capital
“We’re proud that our work at HUNGRY has attracted the attention of big-time investors and leading venture funds. We’re equally proud of the work we do to give back to the communities we serve, which also will benefit from this capital. The funding enables HUNGRY to expand our new Carbon Neutral Delivery initiative, aimed at fully offsetting the carbon footprint of our catering deliveries by planting mangrove forests in the Philippines.”
— Jeff Grass, HUNGRY Co-Founder and CEO
