#SIMON GHOST RILEY SERIES#

FooDoo is utilizing ghost kitchens to stock its microstores across Los Angeles. The pandemic boosted the business model’s popularity-and famed restaurateur Guy Fieri has stated that ghost kitchens are here to stay.īut the concept is changing, with many startups expanding beyond simply renting out locations. The company was an early entry in the booming ghost kitchen trend, which uses kitchens to prepare delivery-only meals. Previously, the company opened new locations through partnerships with investors Kroger and Simon Property Group.įounded in 2017, Kitchen United is focused primarily on operating its 200 kitchens across California, New York, Illinois, and Texas. Kitchen United CEO Michael Montagano told Business Insider that the money will go towards increasing the company’s physical locations from 15 to 500 over the next five years. Riley Venture Capital, HAVI Group and Burger King owner Restaurant Brands International joined previous investors and former NFL star Peyton Manning to complete the round. New investors Kroger, Circle K, Simon Property Group, Phillips Edison, B.

The new funds bring Kitchen United’s overall financing to $175 million.

#SIMON GHOST RILEY SERIES#

The company announced Monday that the Pasadena-based ghost kitchen company brought in the cash in a Series C funding round. Kitchen United is beefing up its service with a $100 million raise.

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