US meal delivery service Territory Foods has raised $22 million in a funding round led by US Venture Partners, as it looks to expand into new cities.
Territory Foods is a nutritionist-designed meal delivery service tailored to personalised dietary preferences. Founded in 2012, the company leverages a network of local, independent chefs.
From launching first in Virginia, Territory Foods currently serves over 20 major US markets and recorded 250% growth year-on-year.
Other investors who contributed in the round include Upfront Ventures, Lewis & Clark Ventures, S2G Ventures and Rethink Food Capital, as well as soccer player Abby Wambach and American footballer Vernon Davis.
The round brings Territory Foods’ total funds raised to date to $44 million, which it claims is the highest by a female led company in the ready-to-eat food category.
The company’s partners include notable chefs from LA-based Gracias Madre and Cafe Gratitude to Founding Farmers in the northeast and additional independent chefs across the country – which it claims 42% are women-owned and 38% BIPOC-Latinx led businesses.
“This new round of funding will allow us to expand our chef community and provide our customers with even more options,” said Ellis McCue, CEO of Territory Foods.
“We go to great lengths to create optimised, personalised meals for each consumer and empower our chefs with data about our customer’s taste and nutritional preferences so they can tailor each meal, ultimately providing more variety than other delivery options out there.”
Rick Lewis, general partner of US Venture Partners, added: “We’re thrilled to partner with Territory Foods, a mission-driven brand who has built an incredibly distinctive business model by tapping local chefs who make healthy-eating attractive, tasty and attainable to consumers around the country.”
© FoodBev Media Ltd 2020
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