Hungryroot, the world's first and only AI-powered personalized grocery service, has raised $40 Million in a Series C round. The round was led by the Growth Fund of L Catterton, the largest global consumer-focused private equity firm.
Hungryroot plans to use the funds to expand its product offering, hire more people, invest in automation technologies, improve its unique personalization algorithm, and scale marketing, all to help bring grocery shopping into the twenty-first century.
Company: Hungryroot, Inc.
Raised: $40.0M
Round: Series C
Funding Month: June 2021
Lead Investors: Growth Fund of L Catterton
Additional Investors:
Company Website: http://www.hungryroot.com/
Software Category: AI-powered personalized grocery service
About the Company: Hungryroot is a personal grocery service 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.
Source: https://www.businesswire.com/news/home/20210604005120/en/Hungryroot-Secures-40M-Series-C-Led-By-L-Catterton%E2%80%99s-Growth-Fund