After not too long ago rebranding and elevating $20 million, “distributed restaurant” platform All Day Kitchens raised $65 million in a Sequence C spherical bringing its complete fundraising to $102.5 million. The San Francisco-based firm stated the brand new money is getting used for R&D, hiring and new market growth.
All Day Kitchens presents eating places a community of carefully situated satellite tv for pc kitchens to succeed in takeout and supply prospects with minimal upfront funding. Based in 2018 by Uber vets Ken Chong and Matt Sawchuck, the corporate was beforehand generally known as Digital Kitchen Co., however rebranded as All Day Kitchens in Might of 2021. The corporate positions its enterprise as an alternative choice to the “conventional warehouse ghost kitchen mannequin.”
The newest funding spherical was led by Lightspeed with participation from GIC, with Alex Taussig becoming a member of the board as Director and Jeremy Kranz as Board Observer. Current buyers Andreessen Horowitz, Founders Fund, Khosla Ventures, and Base10 additionally participated within the spherical, and new buyers embrace actual property agency, Tishman Speyer, Lime CEO, Wayne Ting, and Ahead co-founders, Adrian Aoun and Ilya Abyzov.
All Day Kitchens has doubled the variety of satellite tv for pc kitchens in its community this yr and plans to speed up opening new places. With greater than 15 places working all through the Bay Space and Chicago, the variety of restaurant companions on the platform has grown 4 fold within the final 12 months.
All Day Kitchens has partnered with native manufacturers comparable to Honey Butter Fried Rooster, Mott St, HaiSous, 90 Miles Cafe, Cheesie’s, China Dwell, Dosa, and Mac ‘n Cue by Worldwide Smoke from Michael Mina and Ayesha Curry.
“COVID has been difficult for companies, particularly within the restaurant business. We’ve seen rising urgency from eating places to increase digitally, for choose up and supply, utilizing All Day Kitchens. We’re scaling quickly in new markets to assist extra nice manufacturers thrive” stated All Day Kitchens CEO and co-founder Ken Chong.
“After six months on All Day Kitchens, it’s clear this idea is the way forward for the business,” stated Darnell Johnson, proprietor of Chicago’s House of Rooster & Waffles. “The partnership has been an unbelievable solution to increase our model attain and take us to a different monetary stage. The quantity of visitors coming in who found us by way of an All Day Kitchens location retains rising.”
“All Day deeply understands the pains that eating places face scaling their companies in a delivery-first world. They’ve invented essentially the most elegant answer to this wide-spread downside and are effectively on their solution to turning into the chief in infrastructure for meals supply” stated Alex Taussig, companion at Lightspeed. “We couldn’t be extra delighted to steer their spherical and assist assist eating places across the nation.”
With the brand new spherical of funding, All Day Kitchens is hiring quickly for the HQ workforce, and opening a number of new markets throughout the US. Their subsequent market launches can be in Texas and Southern California.