Kitchen United, a ghost kitchen and restaurant technology center, raised $100 million in a Series C round of funding to expand its multi-concept ordering technology platform, which is already used by Burger King, Popeyes, Panera Bread, Wingstop, Brinker International, and others.
Among the new investors were Alimentation Couche-Tard / Circle K, Kroger, Restaurant Brands International, B. Riley Venture Capital, Simon, and The HAVI Group, according to a news release.
Existing institutional and strategic investors included GV, RXR, DivcoWest, Cali Group, GoldenArc Capital, General Global Capital, Rich Product Corporation, and several Fidelity Investments Canada ULC funds.
Kitchen United founders Harry Tsao and John Miller, as well as Kitchen United CEO Michael Montagano and two-time NFL Super Bowl MVP Peyton Manning, were also Series C supporters. According to the statement, the company’s total funding to date is projected to be $175 million.
“This Series C investment further reinforces Kitchen United’s industry leadership,” Montagano stated. “Kitchen United is unusual in that it combines technology, cuisine, and real estate.” Our technology serves as the technological and physical foundation for centrally placed distribution centers, revolutionizing off-premises ordering and consumption.”
