Robotic Kitchen Raises $21M
Spyce, a robotic kitchen that cooks complex meals to order, has wrapped up a $21M Series A financing round.
The round was led by notable consumer investors Collaborative Fund and Maveron, with additional participation from existing investor Khosla Ventures. Funding also came from world-renowned chefs including Thomas Keller, Jerome Bocuse, and Gavin Kaysen, who join culinary director Daniel Boulud as prominent culinary angel investors in Spyce.
Spyce expects to hire additional employees to roughly double in size over the next year. Following the successful opening of Spyce's first restaurant in Boston, its unique food and experience has resonated with consumers who are looking for a delicious meal at an amazing value.
Founded by four Massachusetts Institute of Technology graduates in late 2015, Spyce provides nutritious bowls for people at many income levels. "Spyce piqued my interest with their hospitality-first approach. Their use of innovative technology and engineering to deliver a consistent, reliable product is driven by the desire to best service their guests," said chef Gavin Kaysen of Spoon and Stable and Bellecour.
"The technology they have built is impressive, and enables better efficiency, thru-put, consistency, quality, and at a much more affordable price ... With the technology married with a strong consumer experience and brand, they are reinventing the way restaurants are typically operated" said Vinod Khosla, founder of Khosla Ventures.