US-based prepared meal provider Kettlebell Kitchen has closed a $26.7 million Series B equity financing round led by North Castle.
Kettlebell Kitchen is a provider of custom meal plans designed to assist consumers in achieving their fitness, nutrition, sports performance and weight loss goals.
Launched in 2013 by Joe Lopez-Gallego, Greg Grossman and Andy Lopez-Gallego, the brand produces freshly prepared meals, primarily through a network of gym partners, providing consumers with a convenient pickup location, as well as through direct-to-door delivery.
The company launched nationwide delivery in 2017 has since opened a “state-of-the-art” facility in Los Angeles to continue to pave the way for growth.
Kettlebell Kitchen offers meals curated by a team of chefs, dietitians and nutritionists that are designed to fit within the guidelines of numerous diet regimens including paleo, vegetarian, low-carb, protein-forward and ketogenic.
Joe Lopez-Gallego, Kettlebell Kitchen CEO and co-founder, said: “We are very excited to begin our partnership with North Castle. We believe that North Castle’s focus on outsised performance, while maintaining the highest standards of integrity and partnership, is what makes them the ideal partner for us, and we are thrilled to have Chip, Jon, and the rest of the team involved in our company.”
Kettlebell Kitchen president and co-founder Greg Grossman said: “We look forward to leveraging the firm’s knowledge, experience and strong network of nutrition and fitness industry experts on our mission to functionally enhance our customers’ lives through high-quality, goal-focused meal plans and nutrition.
“We believe North Castle’s vast network across the weight loss, nutrition and fitness industries will be an invaluable resource as we continue our rapid growth trajectory. It has been a pleasure working with the North Castle team thus far, and we are excited for an incredible partnership.”
North Castle managing director Jon Canarick added: “We are proud to partner with Joe, Greg, Andy, and the entire Kettlebell Kitchen team. Kettlebell Kitchen is one of the most attractive and innovative businesses we have seen in the meal delivery industry.
“The company’s high-quality and nutrient-dense meals, brand positioning, unique distribution model, and goal-driven, solution-based approach, differentiates its prospects in a crowded category.”
© FoodBev Media Ltd 2018