On the heels of raising $21 million in Series C funding, HUNGRY will use the new infusion of capital to accelerate its geographic and service-based expansion.
Over the past 18 months, the technology-enabled marketplace that provides curated experiences to groups and businesses throughout the US via catering, chef pop-ups, snack packs, virtual cooking experiences, and food delivery services has thrived under the pressure of a global pandemic, broadening its offerings to include Virtual Xperiences and last-mile food delivery and logistics services. These new offerings helped enable HUNGRY to double its year ending annualized revenue run rate in 2020.
Since its inception, HUNGRY has donated one meal for every two meals sold to help end hunger in the U.S. To date, the company has donated more than half a million meals through its own efforts and in partnership with Feeding America’s nationwide network of food banks.
The startup’s food solutions business currently operates in Boston, New York City, Philadelphia, Washington, D.C., Atlanta, Austin and Dallas. The company plans to expand its onsite services to Los Angeles and the San Francisco Bay Area this September. HUNGRY’s Virtual Xperiences are available nationwide.
The latest funding round brings together a new team of passionate and diverse supporters, including award-winning actress, writer, and producer Issa Rae; “America’s Got Talent” host Terry Crews; NFL wide receiver DeAndre Hopkins; NBA superstar Lonzo Ball, and heavyweight boxing champion Deontay Wilder.
The new group adds to HUNGRY’s already impressive roster of noteworthy investors, like Jay-Z’s Marcy Venture Partners; stand-up comedian, actor, and producer Kevin Hart; internationally-acclaimed music luminary Usher; NFL five-time all-pro Ndamukong Suh; six-time all-pro linebacker Bobby Wagner; celebrity chefs Tom Colicchio and Ming Tsai; and former co-CEO of Whole Foods Market Walter Robb.
Additional VC backing for the round came from an all-star group of investors, including Sands Capital Global Venture Fund, Motley Fool Ventures, Evolution VC Partners, Marcy Venture Partners, Stonewall Robb Investments, Studio Management, Bread and Butter Ventures, Ames Watson LLC, The Syndicate Fund, James Madison Innovations, GP Ventures, the Center for Innovative Technology, Private Access Network, The Torch Fund, The Heritage Fund, Flight VC and Robert G. Hisaoka.