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Hungryroot Secures $40M Series C Led By L Catterton’S Growth Fund

Jun 04, 2021•over 4 years ago

Amount Raised

$40 Million

Round Type

series c

Description

Hungryroot, the first and only AI-powered personalized grocery service, announced today that it has raised $40M in a Series C funding round. The financing is led by the Growth Fund of L Catterton, the largest global consumer-focused private equity firm. Hungryroot will use the capital to further accelerate growth by substantially increasing the number of groceries and recipes they offer, growing their team, investing in automation technology, optimizing their proprietary personalization algorithm, and scaling marketing—all to help propel grocery shopping into the twenty-first century.

Company Information

Company

Hungryroot

About

Hungryroot is your personal grocer, powered by AI and the belief that food deeply impacts your daily life. You tell us a little about yourself, and we use our proprietary predictive technology to deliver groceries and recipes that best suit your individual needs and goals. We also assist with meal planning and nutritional support, helping you save time, save money, shop sustainably, and eat what makes you feel your best. Hungryroot first launched in 2015 as a better-for-you foods brand. Now six years later, Hungryroot is pioneering an entirely new way to grocery shop with its at-home personalized deliveries. Along with offering the best modern brands in every delivery, Hungryroot also develops its own in-house line of innovative healthy products like its Black Bean Brownie Batter. Check us out at: www.hungryroot.com

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