Kroger and Alimentation Couche-Tard/Circle K are among the newest investors in Kitchen United, the ghost kitchen and restaurant hub technology company that has just concluded a $100 million Series C fundraising round.
"This Series C financing further solidifies Kitchen United's leadership position in the industry," said Michael Montagano, Kitchen United's CEO. "Kitchen United uniquely sits at the intersection of technology, food, and real estate. Our solution serves as the technological and physical infrastructure revolutionizing centrally located distribution hubs through streamlining off-premises ordering and consumption. To that end, we are thrilled to partner with leading investors across grocery, convenience, restaurants, malls, packaging, logistics, distribution, automation, and urban and suburban real estate development."
Kitchen United currently has approximately 200 operational kitchens across 20 regions, including several in Kroger stores.
- KC's View:
If companies like Kroger and Couche-Tard actually believe in the transformational nature of companies like Kitchen United, then it makes perfect sense to invest and maintain an inside track on future growth.