Kitchen United, a ghost kitchen and restaurant technology hub, earned $100 million in a Series C fundraising round to further develop its multi-concept ordering technology platform, which is presently utilized by Burger King, Popeyes, Panera Bread, Wingstop, Brinker International, and others.
According to a news statement, new investors included Alimentation Couche-Tard / Circle K, Kroger, Restaurant Brands International, B. Riley Venture Capital, Simon, and The HAVI Group, among others.
Existing institutional and strategic investors such as GV, RXR, DivcoWest, Cali Group, GoldenArc Capital, General Global Capital, Rich Product Corporation, and different funds run by Fidelity Investments Canada ULC also participated heavily.
Kitchen United founders Harry Tsao and John Miller, as well as Kitchen United CEO Michael Montagano and two-time NFL Super Bowl MVP Peyton Manning, were also Series C supporters. According to the statement, the company’s total funding to date is projected to be $175 million.
“This Series C investment further reinforces Kitchen United’s industry leadership,” Montagano stated. “Kitchen United is unusual in that it combines technology, cuisine, and real estate.” Our technology serves as the technological and physical foundation for centrally placed distribution centers, revolutionizing off-premises ordering and consumption.”