Territory Foods finishes its latest funding round, resulting in $22 million. The successful funding exhibits the steady growth of the meal kit industry, which now boasts significant competition from numerous brands. Territory explains that its operation differs from traditional meal kit brands with a decentralized back-end marketplace that partners with local chefs.
- The $22 million funding round was led by notable investor U.S. Venture Partners (GoPro, Trunk Club, HotelTonight).
- Additional investors who contributed to the pivotal round include Upfront Ventures (Bird, ThredUp), Lewis & Clark Ventures, DF Enterprises, S2G Ventures (Beyond Meat, Sweetgreen), Gaingels (New Wave Foods, Recess), Middleland Capital, Finistere Ventures (GoodEggs), and Rethink Food Capital, as well as celebrities Abby Wambach and Vernon Davis.
- This round of funding brings Territory’s to-date total funds raised to $44 million – the most venture funding raised by a female led company in the ready-to-eat food category.