Tracxn - Food Tech Startup Landscape

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - FoodTech - Mar 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on March 28, 2018.
FoodTech Feed Summary
4
FoodTech > Feed Summary
Companies that use Internet-based technologies for preparation and distribution of food and beverages and companies
that develop next generation foods to replace conventional food habits.
• Inclusions: 1) Companies that provide online platforms to discover,
buy and sell food and beverages.2) Companies that develop IoT enabled
food appliances.3) Companies that provide SaaS-based solution to food
service industry.4) Companies that aggregate and publish food-related
content on their online or mobile platforms.5) Companies that develop
next generation foods like food substitutes, meal replacement products,
fortified food and insect-based food.
• Exclusions: 1) Discovery platforms for multiple services that provide
restaurant discovery as well, e.g. yelp.com2) Restaurants which allow
table reservation or food ordering from their websites3) Retailers and
food product brands that sell through both offline and online channel4)
Personal blogs of food-specific content
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$12.5B
Funding
37
Mega
Companies
14747605
FundedCovered on
Tracxn
9
Unicorns
29
Soonicorns
69
Minicorns
15
IPO’d Cos
388
Late Stage Cos
83
35
Acquisitions
1302
DeadPooled
265
Acquihired
Series A+ Cos
GrubHub
(2004, Chicago, Public)
Delivery Hero
(2011, Berlin, Public)
HelloFresh
Top Companies

656
894
1,105
1,800
1,034
299
2012 2013 2014 2015 2016 2017
Y-o-Y # of Companies Founded
$415M $564M
$1.9B
$2.9B
$2.B
$2.4B
2012 2013 2014 2015 2016 2017
$ Funding # Rounds
Investment Trend Summary
Summary of Funding Activity in FoodTech
5
$421M - Series I
Delivery Hero (2011, Berlin, $1.8B)
$108M - Series D
Impossible Foods (2011, Redwood City,
$366M)
$385M - Series F
Deliveroo (2013, London, $958M)
$101M - Series C
Toast (2011, Boston, $131M)
$275M - Series E
$100M - Series F
Swiggy (2014, Bangalore, $259M)
$152M - Series H
Zomato (2008, Gurgaon, $376M)
$98M - Series F
$127M - Series C
DoorDash (2013, Palo Alto, $722M)
$88.8M - Series G
HelloFresh (2012, Berlin, $367M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
FoodTech > Feed Summary > Investment Trend Summary
Seed FJ Labs (#7), High-Tech Grunderfonds (#6), New Crop Capital (#6)
Series A/B GV (#7), Khosla Ventures (#7), Bessemer Venture Partners (#6)
Series C+ Insight Venture Partners (#3), Naspers (#2), RB Investments (#2)
Incubators 500 Startups (#56) SOSV (#28) Y Combinator (#27)
Other Notable
Investors
Kima Ventures (#14), IndieBio (#10), Crowdcube (#9)
Debt Investors
Western Technology Investment (#10), InnoVen Capital (#4),
Lighter Capital (#4)
Most Active InvestorsRecent Investments
155 243 284 378 372 227
$5.8B
$4.7B
$933M
$156M
$149M
US
Europe
India
Canada
Latam
$ Funding

Summary of exit outlook in FoodTech
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Holtzbrinck
Ventures
3
Index Ventures 2
Just Eat (2001, London, $129M)
Benchmark Capital 2
GrubHub (2004, Chicago, $84.1M)
OpenTable (1998, San Francisco, $12M)
Phenomen Ventures 2
Rocket Internet 2
Jul 2017 Daiya Foods Acq by Otsuka for $324M
Sep 2015 Quorn Foods Acq by Monde Nissin for $831M
May 2015 Menulog Acq by Just Eat for $678M
May 2015 Yemek Sepeti Acq by Delivery Hero for $589M
May 2015 Foodonclick Acq by Delivery Hero for $589M
Jun 2014 OpenTable Acq by Priceline Group for $2.6B
Jun 2011 Cellarmasters Acq by Woolworths for $340M
FoodTech > Feed Summary > Exit Outlook Summary
Delivery Hero 4
Yemek Sepeti (May 2015, $589M), Foodonclick (May 2015,
$589M), Foodpanda (Dec 2016)
Just Eat 3
Menulog (May 2015, $678M), HungryHouse (Mar 2017, $245M),
iFood (Sep 2014, $5.7M)
Google 1 Zagat (Sep 2011, $151M)
Court Square
Capital Partners
1 AFS Technologies (Feb 2014)
Symphony
Technology
Group
1 Fishbowl (Jan 2017)
Recent IPOs Top Acquisitions
Takeaway Sep 2016
Online ordering for takeaway orders
IPO MCap: $1.1B Current MCap: $1.1B
GrubHub Apr 2014
Online and mobile food ordering platform
IPO MCap: - Current MCap: $9.2B
Just Eat Apr 2014
Online platform to order food from partne…
Cookpad Jul 2009
Online recipe aggregator
IPO MCap: - Current MCap: -
HelloFresh Nov 2017
Meal recipe kit subscription service
Delivery Hero Jun 2017
Online platform to order food for deliver…
IPO MCap: $5.3B Current MCap: $8.7B
Blue Apron Jun 2017
Weekly subscription based meal kits deliv…
IPO MCap: $1.9B Current MCap: $392M
Dragontail Systems Dec 2016
Process optimization software for food pr…
IPO MCap: $25.2M Current MCap: $20.4M

March 2018Tracxn BlueBox – Food Tech
BEVERAGE
NOVEL FOOD
FOOD DISCOVERY & ORDERING $8.5B
Online Ordering
Restaurant Aggregator
Delivery Hero
(2011, Berlin, $1.8B, IPO)
Internet First Restaurant
Munchery
(2011, San Francisco, $122M)
Dine-Out
Zomato (2008, Gurgaon, $423.3M)
Snacks & Confectionery
NatureBox (2012, San Carlos, $58.5M)
Chef Marketplace
Kitchensurfing (2012, Brooklyn,
$19.47M)
Recipe Box
Blue Apron
(2012, New York City, $194M, IPO)
CONTENT PLATFORM
Tastemade (2012, Santa Monica, $80M)
$272M
HARDWARE
& IOT SOLUTION
$678M
Smart Kitchen Appliance
Juicero
Vending & Dispensing
Coravin (2011, Burlington, $62M)
Food Analyzer
Nima (2013, San Francisco, $13M)
ENTERPRISE SOLUTION $1.3B
Restaurants
Toast Tab (2011, Boston, $131M)
AlcoBev
SteadyServ Technologies (2012, Indianapolis, $20M)
$477M
Alcoholic
Multi-Category
Jiuxian (2010, Beijing, $251M)
Wine
Lot18 (2010, New York City, $45M)
Beer
Hopsy (2015, Albany, $1.55M)
Bar Aggregator
Hooch (2015, New York City, $8.44M)
Non Alcoholic
Tea
Teabox (2012, Bangalore, $15M)
Coffee
Pact Coffee (2013, London, $4.38M)
$1.2B
Food Substitute
Impossible Foods
(2011, Redwood City, $366M)
Meal Replacement
Soylent (2013, Los Angeles, $74.5M)
Fortified Food
AQUAhydrate
(2004, Los Angeles, $16M)
Insect Protein
Exo (2013, Brooklyn, $5.6M)
FoodTech > Feed Summary > BlueBox
7600+ companies in the sector, 1039 funded in last 5 years, $5.2B invested in last 2 Years
Most Active Investors: 500 Startups, SOSV , Y Combinator, Kima Ventures, Techstars
7
Cumulative funding in the marketFunding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
For any Feedback and Query reach out to MyAnalyst@tracxn.com

Key Sub Sectors in FoodTech Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Food Discovery & Ordering > Online
Ordering > Restaurant Aggregator >
Delivery >
Platform Delivered
462 $2.1B 39
Food Discovery & Ordering >
Recipe Box 212 $427M 34
Enterprise Solution > Restaurants > Order
Management >
POS
329 $206M 20
Ordering > Internet First Restaurant >
On-demand
540 $132M 49
Hardware and IoT Solutions >
Smart Kitchen Appliances 63 $203M 19
Novel Foods > Food Substitutes >
Dairy free 37 $179M 15
Ordering > Restaurant Aggregator >
Delivery > Platform Delivered >
Office focused
65 $139M 19
Ordering > Internet First Restaurant >
Pre-ordered Ready-to-heat Meals
359 $140M 12
Food Discovery & Ordering > Dine-Out >
Reservation & Ordering >
Table Booking
193 $72.7M 22
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Food Discovery & Ordering
Companies that provide online or mobile platform for
discovering restaurants, ordering...
3987 726 $8.5B
Enterprise Solution
Companies that provide technology solutions and SaaS
platforms for Food & Beverage industry
1209 283 $1.3B
Novel Foods
Companies working on next generation foods which
aim to replace current food habits or...
289 89 $1.2B
Hardware and IoT Solutions
Companies that develop smart kitchen appliances or
IoT-enabled hardware for food industry...
232 103 $678M
Beverages
Companies that provide online platform for discovery,
recommendations, and ordering of...
1329 160 $477M
Content
Companies that provide online or mobile platform to
access or share food related content...
556 112 $272M
FoodTech > Feed Summary > Summary of Key Markets

List of Notable Companies in FoodTech
Notable Companies in the Sector
9
Note: *(Founded Year, Location, Total Funding)
FoodTech > Feed Summary > Notable Companies in the Sector
Public
Delivery Hero
(2011, Berlin, $1.8B)*
HelloFresh
(2012, Berlin, $367M)
Blue Apron
(2012, New York City, $194M)
Takeaway
(2000, London, $119M)
Dragontail Systems
(2013, Ramat Gan)
Posera
(1999, London)
Just Eat
(2001, London, $129M)
GrubHub
(2004, Chicago, $84.1M)
Goodfood
(2014, Quebec City, $1.1M)
Ecoark Holdings
(2011, Fayetteville)
Public
MyTaste
(2014, Stockholm)
PAR Technology Corp
(1978, New Hartford)
SureQuest Systems
(1984, Carrollton)
Cookpad
(1997, Tokyo)
Gurunavi
(1989, Tokyo)
Acquired
OpenTable
Quorn Foods
(1985, Stokesley)
Menulog
(2006, Sydney)
Yemek Sepeti
(2000, Istanbul, $44M)
Foodonclick
(2010, Riyadh)
Cellarmasters
(1982, Surry Hills)
Daiya Foods
(2008, Vancouver)
HungryHouse
(2006, London, $293k)
Quandoo
(2012, Berlin, $33M)
So Delicious Dairy Free
(1987, Eugene)
Acquired
Allrecipes
(1997, Seattle, $1M)
Talabat.com
(2004, Kuwait City)
Gardein
(2003, Richmond)
Zagat
(1979, New York City)
The Fork
(2007, Paris, $14.2M)
Yelp Eat24
(2008, San Bruno)
Field Roast
(1997, Seattle)
Anova Culinary
(2013, San Francisco, $1.3M)
Naked Wines
(2008, Norwich, $10M)
Unicorns
Deliveroo
(2013, London, $958M)
DoorDash
(2013, Palo Alto, $722M)
Zomato
(2008, Gurgaon, $376M)

List of Notable Companies by Market in FoodTech
Notable Companies by Market (1/8)
11
FoodTech > Feed Summary > Notable Companies by Market
Online Ordering
Online platform to order food for delivery from
partnered restaurants
Unicorn. Stage: Public
Naspers, General Atlantic, Rocket Internet and 28
Other Investors
Unicorn. Stage: Series F
T. Rowe Price, Fidelity Investments, DST Global and
17 Other Investors
On-demand food delivery marketplace
Unicorn. Stage: Series D
SoftBank Group, Sequoia Capital, GIC and 11 Other
Investors
Online Ordering
Online platform that delivers food from restaurants
Soonicorn. Stage: Series F
Naspers, Meituan, Accel Partners and 7 Other
Investors
Online platform to order food from partnered
restaruants
Vitruvian Partners, Index Ventures, Greylock
Partners and 3 Other Investors
Takeaway (2000, London, $119M)
Macquarie Group, Prime Ventures, EMB Ventures
and 1 Other Investors
Online Ordering
Freshly (2012, New York City, $107M)
Internet first restaurant in NYC
Soonicorn. Stage: Series C
Highland Capital Partners, White Star Capital,
Insight Venture Partners and 6 Other Investors
Baemin (2010, Seoul, $98M)
Food ordering and delivery service
Soonicorn. Stage: Series E
Hillhouse Capital Group, Goldman Sachs,
CyberAgent Ventures and 2 Other Investors
Lightspeed Venture Partners, Benchmark Capital,
DAG Ventures and 9 Other Investors

12
Online Ordering
ezCater (2007, Boston, $70M)
Online Caterers Marketplace and Concierge service
for enterprises
Soonicorn. Stage: Series D
Iconiq Capital, Insight Venture Partners, Breton
Capital and 8 Other Investors
Eat Club (2010, Palo Alto, $46.5M)
Restaurants delivery to office
Sodexo, August Capital, Trinity Ventures and 7
Other Investors
Yemek Sepeti (2000, Istanbul, $44M)
Online food ordering platform
Stage: Acquired
General Atlantic, Mena Venture investments,
Endeavor and 2 Other Investors
Online Ordering
ZeroCater (2009, San Francisco, $5.6M)
Food Catering for Office
Soonicorn. Stage: Series A
Romulus Capital, Struck Capital, SV Angel and 4
Other Investors
HungryHouse (2006, London, $293k)
Order takeaway online
Stage: Acquired
Foodonclick (2010, Riyadh)
On-demand food ordering platform in middle east
Stage: Acquired
Menulog (2006, Sydney)
Online food ordering service
Stage: Acquired
Kadima Group
Talabat.com (2004, Kuwait City)
Food Delivery Service Provider
Stage: Acquired
Dine-Out
Online platform for food discovery, ordering table
booking at restaurants
Unicorn. Stage: Series H
Ant Financial, Vy Capital, Temasek and 10 Other
Investors
Quandoo (2012, Berlin, $33M)
Online restaurant reservation platform as well as
SaaS provider to restaurants
Minicorn. Stage: Acquired
Recruit Holdings, Piton Capital, DN Capital and 11
Other Investors
Reserve (2014, New York City, $27M)
Online restaurant reservations
Soonicorn. Stage: Series B
Expa, First Round Capital, Human Ventures and 24
Other Investors

13
Dine-Out
The Fork (2007, Paris, $14.2M)
Book the best restaurants in Europe
Serena Capital, Partech Ventures, Otium
Online Restaurant Reservation Provider
Editor's Pick. Stage: Acquired
Zagat, American Express, Benchmark Capital and 10
Other Investors
Zagat (1979, New York City)
Restaurant ratings, reviews, news
Gurunavi (1989, Tokyo)
Restaurant reservations
Stage: Public
Yelp Eat24 (2008, San Bruno)
Online food ordering and delivery platform
Stage: Acquired
Recipe Box
Baillie Gifford, Rocket Internet, Insight Venture
Blue Apron (2012, New York City, $194M)
Weekly subscription based meal kits delivery
Fidelity Investments, Stripes Group, Bessemer
Venture Partners and 5 Other Investors
Sun Basket (2011, San Francisco, $94.8M)
Recipe box with pre measured ingreedients
August Capital, Sapphire Ventures, Accolade
Plated (2012, New York City, $79.7M)
Subscription based recipes & meal kits
Soonicorn. Stage: Acquired
Greycroft Partners, Formation 8, FF Venture Capital
Recipe Box
Gousto (2012, London, $78.2M)
Recipe kit subscription and grocery delivery
Hargreave Hale, Angel CoFund, MMC Ventures and
3 Other Investors
Home Chef (2013, Chicago, $50.8M)
Weekly chef prepared recipes, fresh ingredients
and step-by-step instructions delivered
L Catterton, Guild Capital, Breakpoint Ventures and
3 Other Investors
Goodfood (2014, Quebec City, $1.1M)
Online platform for ordering recipe boxes
Minicorn. Stage: Public
GMP Securities, NBF INTERNATIONAL S.A.,
Cormark Securities and 2 Other Investors

14
Subscription based healthy snacks provider
Global Founders Capital, Neuberger Berman,
Kensington Capital Holdings and 8 Other Investors
Beverages
Alcoholic
Wine (1998, San Francisco, $57.3M)
Online Retailer of Wine
Baker Capital, Chris Kitze, Runtide Capital
Naked Wines (2008, Norwich, $10M)
Wine club with an e-commerce subscription model.
Cellarmasters (1982, Surry Hills)
Online wine retailer based in Australia
Stage: Acquired
Novel Foods
Food Substitutes
$366M)
Developer of substitute for animal meat based food
Temasek, Open Philanthropy, Bill Gates and 9 Other
Investors
Beyond Meat (2009, Manhattan Beach, $104M)
Develops substitute for animal based food products
Tyson Foods, Cleveland Avenue, Seth Goldman and
17 Other Investors
Gardein (2003, Richmond)
Food product brand of plant based meat-substitiute
TSG Consumer Partners
Daiya Foods (2008, Vancouver)
Dairy-free cheese alternative
Northwood Ventures

15
Novel Foods
Food Substitutes
Field Roast (1997, Seattle)
Manufacturer and brand of substitute for meat
based food
Stage: Acquired
Quorn Foods (1985, Stokesley)
Producer and supplier of alternative meat
substitute products
Stage: Acquired
Exponent Private Equity
So Delicious Dairy Free (1987, Eugene)
Milk alternatives that are vegan and non-GMO
certified
Stage: Acquired
Meal Replacements
Meal replacement product that provides all the
essential nutrients in a serving
GV, Tao Capital Partners, Lerer Hippeau Ventures
Content
Multi Channel Networks
Tastemade (2012, Santa Monica, $80.3M)
A video network for foodies
Goldman Sachs, Redpoint Ventures, Raine Group
Dely (2014, Shibuya, $61.8M)
Culinary Media Start-up
SoftBank Group, Akatsuki_JP, United Internet and 9
Other Investors

16
Content
Recipe Aggregators
Allrecipes (1997, Seattle, $1M)
Online social network of food
Stage: Acquired
The Cambria Group
MyTaste (2014, Stockholm)
Online recipe aggregator platform
Editor's Pick. Stage: Public
Cookpad (1997, Tokyo)
Stage: Public
Smart Kitchen Appliances
Anova Culinary (2013, San Francisco, $1.3M)
Sous vide cooker
Stage: Acquired
Food Analyzers
Innit (2013, San Francisco, $43M)
Phase sensors to manage and connect food
information
S2G Ventures

17
Enterprise Solution
Restaurants
PoS software provider for restaurant management.
Generation Investment Management, Lead Edge
Capital, Bessemer Venture Partners and 2 Other
Investors
Revel Systems (2010, San Francisco, $127M)
iPad-based restaurant management solution
WCAS, ROTH Capital, Welsh Carson Anderson
Stowe and 4 Other Investors
Tillster (2006, San Diego, $85.8M)
SaaS-based online ordering, marketing and
analytics solution for restaurant
AllegisCyber, Pinnacle Ventures
Paytronix (2001, Newton, $65M)
Restaurant loyalty solutions
Soonicorn. Stage: Funded
Great Hill Partners
Restaurants
Olo (2005, New York City, $53.8M)
SaaS-based online ordering solution for restaurant
Raine Group, Core Capital Partners, RRE Ventures
E la Carte (2008, Palo Alto, $52.5M)
SaaS-based restaurant management solution
through tablets
Trinity Capital Investment, Western Alliance
Bancorporation, TriplePoint Capital and 8 Other
Investors
ChowNow (2010, Santa Monica, $42.8M)
Mobile and Facebook ordering platform for
restaurants
Catalyst Investors, Upfront Ventures, Daher Capital
Restaurants
Upserve (2009, Providence, $40.5M)
Cloud-based payment processing and business
analytics
Vista Equity Partners, First Round Capital, Index
Ventures and 6 Other Investors
TouchBistro (2011, Toronto, $37.3M)
POS for restaurants
Napier Park Global Capital, Recruit Holdings, BDC
Orderbird (2011, Berlin, $37.1M)
iPad PoS System for the hospitality industry.
Digital+ Partners, METRO, Concardis and 2 Other
Investors
Ecoark Holdings (2011, Fayetteville)
Offers supply chain solutions for improved shelf life

18
Enterprise Solution
Restaurants
PAR Technology Corp (1978, New Hartford)
POS and food safety solutions for restaurants
Posera (1999, London)
Enterprise solution provider to the restaurants
Stage: Public
SureQuest Systems (1984, Carrollton)
Food service management software solution
Stage: Public
Dragontail Systems (2013, Ramat Gan)
Process optimization software for food preparation
& delivery
Stage: Public

List of Notable Companies in FoodTech in China
Notable Companies in the Sector in China
19
FoodTech > Feed Summary > Notable Companies in the Sector in China
Acquired
Baidu Waimai
(2011, Beijing, $250M)
Unicorns
Ele.me
(2008, Shanghai, $2.3B)
Jiuxian
(2010, Beijing, $251M)
Baidu Waimai
(2011, Beijing, $250M)
Soonicorns
Yi jiu pi
(2014, Beijing, $175M)
Meiweibuyongdeng
(2013, Shanghai, $99M)
Ricebook
(2012, Beijing, $53.5M)

Recent News in FoodTech Sector
Recent News
20
FoodTech > Feed Summary > Recent News
Mar 2018 Global hedge fund Coatue in talks to buy stake in Swiggy, Indiatimes
Mar 2018
foodpanda Officially Launches Its Operations in Rawalpindi,
ProPakistani
Mar 2018
Lavazza to focus on organic growth after acquisitions boost 2017
core profits, Reuters
Mar 2018
Apptizer Mobile and Kiosk Order-Ahead Now Available for First
Data Clover, Business Wire
Mar 2018
Resy Partners with Upserve to Offer Restaurants Guest Insights,
Hospitality Tech
Mar 2018
Foodpanda appoints Anshul Khandelwal as head of marketing,
Indiatimes
Mar 2018
HelloFresh Passes Blue Apron As Biggest Meal Kit Company In The
US, PYMNTS
Mar 2018
Blue Apron and Airbnb Partner to Bring Home Cooks a Global
Culinary Experience, Business Wire
Mar 2018
xtraCHEF, a Hospitality Cost Intelligence and Accounts Payable
Platform, Announces $3 Million Financing to Fuel Growth, PRWeb
Mar 2018
Easy-to-Use Spoon Guru Technology Launches in the US Providing
the Most Accurate Shopping Experience for Consumers’ Food Needs,
Business Wire
Mar 2018
Qraved integrates Go-Food API, enabling food delivery through its
mobile app, E27
Mar 2018
Keurig and EVOCA Group Announce Partnership on a New Café
Brewing System for the Away from Home Channel, Business Wire
Key Recent News Key Recent News
Mar 2018
Getting New Customers in the Door: “Punchh Acquire” Launches in
Beta to Restaurant Marketing Platform, Business Wire
Mar 2018
B2B foodtech startup HungerBox raises Rs 4 Cr fresh round,
Entrackr
Mar 2018
HelloFresh's Growth Shows Blue Apron's Problems Are Self-
Imposed, The Motley Fool
Mar 2018
Keurig, Evoca Team To Debut Away From Home Brewer, HomeWorld
Business
Mar 2018
Bill Gates and Richard Branson are betting lab-grown meat might be
the food of the future, CNBC
Mar 2018 Swiggy, PhonePe join hands for simplified payment, Indiatimes
Mar 2018
Zomato CEO claims $100 million in annualised revenue run rate;
40% growth in last 2 months, Indiatimes
Mar 2018
Urbanpiper raises Pre-Series A funding led by Zoho co-founder
Kumar Vembu, Indiatimes
Mar 2018
HelloFresh revenue jumps and aims to breakeven in Q4 2018, Food
Dive
Mar 2018
CaterTrax Appointed New Chief Executive Officer,
BestProductsReview
Mar 2018
Newest Apple Pay promo offers free deliveries from Eat24, Grubhub
& Seamless, AppleInsider
Mar 2018
Impossible Burger offered at Oakland A's home games,
MeatPoultry.com
Mar 2018 Foodpanda introduces new retail restaurant in Singapore, The Drum

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
21
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

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$230M
$364M $415M
$564M
$1.9B
$2.9B
$2.0B
$2.4B
0
50
100
150
200
250
300
350
400
$0k
$500M
$1.B
$1.5B
$2.B
$2.5B
$3.B
$3.5B
2010 2011 2012 2013 2014 2015 2016 2017
$ Funding # Rounds
3 Year CAGR
6 Year CAGR
Investments ($M) and number of rounds in FoodTech; 2010-2017
Global Funding Trends (1/2)
23
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
FoodTech > Investment Trends > Global Funding Trends
#Rounds
$Funding
43% $ Funding
51% $ Funding
38% # of Rounds
15% # of Rounds

36 84 106 164 185 237 228 107
13 29 40 71
76 104 122
96
5 8 9 8 23 37 22 24
2010 2011 2012 2013 2014 2015 2016 2017
Seed Early Stage Late Stage
54
227
Total # of Rounds
$14M $23M $38M $77M $113M $130M $120M $107M
$69M $175M
$147M
$349M
$525M
$708M
$954M
$811M
$148M $166M $230M $138M $1.2B $2.1B $884M $1.5B
2010 2011 2012 2013 2014 2015 2016 2017
Seed Early Stage Late Stage
$130M $223M $215M $162M
$1.3B
$2.2B
$1.3B
$1.8B
0
5
10
15
20
25
30
0
500000000
1E+09
1.5E+09
2E+09
2.5E+09
2010 2011 2012 2013 2014 2015 2016 2017
$ Funding # of Rounds
24
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in FoodTech; 2010-2017
FoodTech > Investment Trends > Global Funding Trends
85
111
141
144
210
191
93
975
$1.0M
$1.5M
$0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
0
200
400
600
800
1000
1200
2001-2011 2012 2013 2014 2015 2016 2017 Total
Entrants in Funding Club Avg. Ticket Size
2 6 5 5 20 28 24 22 $1M $1.3M $0.9M $1.6M $1.3M $1.4M $2.8M $1.5M
$230M
$2.4B
Total $ Invested

FoodTech > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in FoodTech
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 2.9B 313
Berlin 2.6B 63
London 1.4B 100
New York City 850M 164
Delhi NCR 440M 66
Bangalore 352M 73
Boston 347M 48
Paris 203M 63
Chicago 188M 45
Los Angeles 158M 27
Total Funding
1038
486
203
49
34
32
34
14
# Rounds
$5.8B
$4.7B
$933M
$156M
$149M
$148M
$133M
$123M
US
Europe
India
Canada
Latam
Japan
Israel
South Korea
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.4 $0.5 $0.6
$0.8 $0.8 $0.8
$1.4
2011 2012 2013 2014 2015 2016 2017
$5.2
$3.2
$4.2
$6.1 $5.7 $5.7 $5.4
$13.0
$8.6 $9.1
$11.7 $13.0
$17.3 $17.7
$27.7 $25.6 $23.0
$64.0 $67.9
$46.5
$68.9
FoodTech > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in FoodTech; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$5K* $11M
$50K $31M
$92K $80M
$50K $1B
$22M
$7M
$2.8M
$0.3M
Series C+
Series B
Series A
Seed
Stage

Note: 671 companies with undisclosed funding amount are not included
27
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
375
315
135
28
18
No. of Companies
FoodTech > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in FoodTech; as of Mar 2018
Distribution of companies by Funding Range
$106M
$1.1B
$2.9B
$2.B
$6.4B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
19%
5%
2%
1%
28
Note: Numbers in the brackets show the count of companies
Time to raise
next round
83
170
388
1474
7605
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
19% 1%
(64)
0%
(34)
4%
(281)
17%
(1302)
60%
(4548)
26% 4%
(53)
2%
(23)
10%
(151)
13%
(196)
50%
(739)
44% 11%
(42)
3%
(12)
16%
(61)
5%
(21)
35%
(136)
49% 24%
(40)
7%
(12)
16%
(27)
6%
(11)
29%
(49)
- 40%
(33)
12%
(10)
17%
(14)
5%
(4)
24%
(20)
FoodTech > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in FoodTech
Funding Funnel
14 Months
16 Months
17 Months
Investment backedBootstrapped
29
9
27
12
8
3
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
FoodTech > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in FoodTech; Mar 2016-Mar 2018
Notable Investments in last 24 months (1/10)
LATE STAGE
$535M - Series D Mar 2018
SoftBank Group, Sequoia Capital, GIC, Wellcome
Trust
$421M - Series I May 2017
Naspers
$385M - Series F Sep 2017
T. Rowe Price, Fidelity Investments, General Catalyst
Partners, DST Global, Index Ventures, Accel Partners
LATE STAGE
$275M - Series E Aug 2016
Bridgepoint Capital, DST Global, General Catalyst
Partners, Greenoaks, NGP Capital
$152M - Series H Feb 2018
Ant Financial
$108M - Series D Oct 2016
Impossible Foods (2011, Redwood City, $366M)
$101M - Series C Jul 2017
Capital, Bessemer Venture Partners
LATE STAGE
$100M - Series F Feb 2018
Naspers, Meituan
$98M - Series F Nov 2017
T. Rowe Price, Fidelity Investments, DST Global,
General Catalyst Partners, Index Ventures, Accel
Partners
$88.8M - Series G Dec 2016
Baillie Gifford
$80.4M - Series E May 2017
Naspers, Accel Partners, SAIF Partners, Bessemer
Venture Partners, Harmony Partners, Norwest
Venture Partners

LATE STAGE
$77M - Series C Jun 2017
Insight Venture Partners, Nestlé US
$75M - Series D Aug 2017
Impossible Foods (2011, Redwood City, $366M)
Temasek, Open Philanthropy, Bill Gates, Horizon
Ventures, Khosla Ventures
$65M - PE Jan 2018
Great Hill Partners
$65M - Series C Jan 2018
Ripple Foods (2014, Emeryville, $110M)
Developer of dairy free milk and milk products
Khosla Ventures, Fall Line Capital, S2G Ventures,
Goldman Sachs, GV, Prelude Ventures
LATE STAGE
$55M - Series F Dec 2017
Tyson Foods, Cleveland Avenue, Seth Goldman, Jack
& Suzy Welch, Thomas Middleditch, Candice Bergen
$50M - Series E Apr 2016
Hillhouse Capital Group
$48M - Series C Sep 2017
Zume Pizza (2015, Mountain View, $99.4M)
Pizza chain that use robotics for preparation
$42.8M - Series D Jan 2018
Partners, Founders Circle Capital, Rembrandt
Venture Partners, Vulcan Capital, Relevance Capital,
Unilever Ventures, Correlation Ventures
LATE STAGE
$39.5M - Series C Mar 2018
Hargreave Hale, Angel CoFund, MMC Ventures,
Business Growth Fund
$35M - Series D Jan 2017
for enterprises
Iconiq Capital, Insight Venture Partners
$30M - Series E Jul 2016
iFood (2011, Sao Paulo, $87.1M)
Food delivery platform
Just Eat, Movile
$30M - Series C May 2017
Sodexo, August Capital, Trinity Ventures

LATE STAGE
$25M - PE Jan 2018
Puris (1985, Minneapolis, $25M)
Organic Non-GMO soybean, corn and peas based
product processing and export
$23.5M - Series F Oct 2016
Tyson Foods
$22.8M - Series C May 2016
Digital+ Partners, METRO, Concardis
$22.5M - Series C Nov 2016
Coravin (2011, Burlington, $62.2M)
Wine pouring system without pulling the cork
$20M - Series C Feb 2018
Vivino (2010, Copenhagen, $57M)
Online community platform for wine enthusiasts
Balderton Capital, Creandum, Seed Capital, Iconical
LATE STAGE
$15M - Series D Sep 2016
Bessemer Venture Partners, Accel Partners, SAIF
Partners, Norwest Venture Partners, DST Global
$15M - Series C Feb 2017
Sapphire Ventures, Baseline Ventures, Accolade
Partners, Founders Circle Capital, J F Shea Company,
Relevance Capital, Vulcan Capital
$15M - Series C Aug 2017
$13.3M - Series D Oct 2017
Chope (2011, Singapore, $24.7M)
Square Peg Capital, CapitaLand, Moelis, NSI
Ventures, SIG, SPH Ventures, DSG Consumer
Partners
LATE STAGE
$12.5M - Series C Sep 2017
Fooda (2011, Chicago, $24.6M)
Online curated food catering service for businesses
Lightbank, Valor Equity Partners, KGC Capital
POS for restaurants
Capital, Relay Ventures, Kensington Capital Partners
$11M - Series C Sep 2016
EatStreet (2010, Madison, $38M)
Online marketplace for food ordering
Unilever Ventures, Baseline Ventures, Founders
Circle Capital
$8.4M - Series F Aug 2017

LATE STAGE
$7.8M - Series C Nov 2017
Chef's Plate (2014, Toronto, $20M)
Recipe Box meal delivery
Acton Capital Partners, Emil Capital Partners,
InvestEco Capital, Comerica
$7M - Series C May 2016
Norwest Venture Partners, Accel Partners, DST
Global
$6.4M - Series C Apr 2017
Faasos (2011, Pune, $63.8M)
Multi-brand web and mobile-based cloud kitchen
Sequoia Capital, Lightbox Ventures, RB Investments,
ruNet
$1.1M - PE Apr 2016
Edo Capital
LATE STAGE
Series D Jul 2017
analytics
Vista Equity Partners
Series C Feb 2017
WCAS
EARLY STAGE
$70M - Series B Mar 2016
Juicero (2013, San Francisco, $89.8M)
IoT enabled kitchen juicer manufacturer
ARTIS Ventures, DBL Partners, KPCB, Campbell
Soup Co, First Beverage Group, GV, Thrive Capital,
Two Sigma Ventures
$58.3M - Series B Aug 2016
Greycroft Partners, Formation 8
$50M - Series B May 2017
GV, Tao Capital Partners, Lerer Hippeau Ventures,
Andreessen Horowitz

EARLY STAGE
$43M - Series B Dec 2017
Daily Harvest (2012, New York City, $44.5M)
Ready-to-blend smoothie delivery service
Lightspeed Venture Partners, VMG Partners,
Collaborative Fund, Rubicon Venture Capital, 14W,
Shaun White, Haylie Duff, Gwyneth Paltrow, Carter
Reum, Bobby Flay
$42.9M - Series B Sep 2017
Ritual (2014, Toronto, $42.9M)
Restaurant aggregator
Insight Venture Partners, Greylock Partners,
Mantella Venture Partners, Golden Venture
Partners, Mistral Ventures
$40M - Series B Sep 2016
Weekly chef prepared recipes, fresh ingredients and
step-by-step instructions delivered
L Catterton
EARLY STAGE
$40M - Series B May 2017
Dinova (2009, Johns Creek, $40M)
Online platform for corporate diners to dine-in in
Frontier Capital
$35.2M - Series B Aug 2017
Chef'd (2013, El Segundo, $40.5M)
Recipe-And-Ingredient Delivery Service For
Gourmet Meals
Campbell Soup Co, Smithfield Foods
$33.7M - Series B May 2017
Frichti (2015, Paris, $48.2M)
French fast food delivery service
Verlinvest, Felix Capital, Idinvest Partners, Alven
$32M - Series A Oct 2016
Habit (2015, Emeryville, $32M)
Data-driven personalized nutrition service
Campbells
EARLY STAGE
$31.7M - Series B Nov 2016
Wynd (2013, Paris, $41.9M)
SaaS based restaurant management
Sodexo, Orange Digital Ventures, Bpifrance
$30.2M - Series B Jan 2018
SoftBank Group, Akatsuki_JP, United Internet, Yahoo
Japan
$30M - Series B Jul 2016
GV, Prelude Ventures, Tao Capital Partners, Khosla
Ventures, S2G Ventures, Collaborative Fund,
Blueberry Ventures, Radicle Impact Partners
$28.9M - Series B Oct 2016
Oatly AB (2001, Malmo, $32.5M)
Manufacturer and brand of oats based beverages
and foodproducts
Gullspang Invest, Industrifonden, Baltic Sea
Conservation Foundation

EARLY STAGE
$27.2M - Series B Mar 2017
YJ Capital, JAFCO, gumi ventures, Yusuke Sato
$24.7M - Series A Feb 2018
Perfect Day (2014, San Francisco, $26.7M)
Produces milk substitute through yeast
fermentation
Temasek, Horizons Ventures, Continental Grain,
Iconiq Capital, Lion Venture Partners, Verus
International
$23M - Series B Oct 2017
AME Cloud Ventures, Maveron, SignalFire, Kortschak
Investments
EARLY STAGE
$22.3M - Series A Jun 2016
Foodpanda India (2012, Delhi, $23.8M)
Online food ordering and delivery from restaurants
Favor (2013, Austin, $37M)
On demand delivery app
S3 Ventures
Insight Venture Partners, Highland Capital Partners,
White Star Capital
restaurants
Catalyst Investors
EARLY STAGE
MealPal (2015, New York City, $35M)
Subscription-based daily restaurant lunch provider
Menlo Ventures, Bessemer Venture Partners,
Comcast Ventures, Haystack Partners, NextView
Ventures
$20M - Series A Jan 2018
Restaurant365 (2011, Irvine, $20M)
ERP solution for restaurants.
Bessemer Venture Partners
$18M - Series A Jul 2016
information
Winc (2011, Los Angeles, $30.6M)
Wine retailer

EARLY STAGE
$17M - Series B Aug 2016
Drizly (2012, Boston, $34.8M)
On-demand alcohol delivery app
Polaris Partners
Accolade Partners, Founders Circle Capital,
Relevance Capital, Baseline Ventures, Vulcan Capital
Gobble (2010, Palo Alto, $27.1M)
Subscription based recipe kit delivery service
Khosla Ventures, Andreessen Horowitz, Trinity
Ventures, Initialized Capital
$15M - Series A Feb 2017
Comcast Ventures, Bessemer Venture Partners,
Haystack Partners, NextView Ventures, Krillion
Ventures
EARLY STAGE
POS for restaurants
BDC Capital, Round 13 Capital, Huff Capital, Relay
Ventures, Kensington Capital Partners
Unilever Ventures, MMC Ventures, Angel CoFund,
Barclays, Business Growth Fund
$11M - Series B Apr 2016
Wolt (2014, Helsinki, $13.7M)
Food ordering and delivery service.
EQT Ventures
$10.1M - Series B Apr 2017
BlueCart (2014, Menlo Park, $14.1M)
Online platform to connect vendors and restaurants
BlueRun Ventures, Columbia Partners, Focus
Ventures
EARLY STAGE
$10M - Series B Feb 2017
Expa, First Round Capital, Human Ventures
$8M - Series B Feb 2018
FoodLogiQ (2006, Durham, $12.3M)
Tracebility software as a service
$7.7M - Series B Jan 2017
Hungryroot (2015, New York City, $13.5M)
Vegetable based meals-boxes
Lerer Hippeau Ventures, Crosslink Capital
Magic Pin (2015, Delhi, $10M)
Cash back and deals at local restaurants
WaterBridge Ventures, Sri Rajan, Lightspeed
Venture Partners, Moonstone, Vy Capital
Chewse (2011, San Francisco, $15M)
Online marketplace for corporate catering and
events
Foundry Group, Telegraph Hill Capital, Rocketship

EARLY STAGE
$7.1M - Series A May 2016
Vulcan Capital, Robertson Stephens, Rembrandt
Venture Partners, Correlation Ventures, Relevance
Capital, ROTH Capital, Baseline Ventures
$7M - Series B Aug 2017
Mobikon (2008, Singapore, $12M)
Customer engagement and analytics platform for
restaurants
Sistema, Qualgro GP, Jungle Ventures, SPRING
Singapore
Fingerlix (2016, Mumbai, $11.2M)
On-demand semi-cooked food delivery app
Accel Partners, Zephyr Management
BrandProject
EARLY STAGE
$5.4M - Series A Jul 2017
Saucey (2013, Los Angeles, $10.2M)
Online marketplace of alcoholic beverages
Bullpen Capital, Blumberg Capital, Structure Capital,
HashTag One
restaurants
$5M - Series B Apr 2017
HolaChef (2014, Mumbai, $11.2M)
Online curated marketplace for chef prepared meals
Kalaari Capital, SIDBI Venture Capital, India
Quotient
EARLY STAGE
$5M - Series A Mar 2016
Weekly chef prepared recipes, fresh ingredients and
step-by-step instructions delivered
Guild Capital
EazyDiner (2014, Delhi, $8.7M)
Online portal for restaurant discovery, reviews,
deals, table booking and concierge services
Saama Capital, DSG Consumer Partners, Beenext
$4.4M - Series A Nov 2016
YJ Capital, gumi ventures
$4.3M - Series B Sep 2017
Renewal Funds

EARLY STAGE
$4.1M - Series A Aug 2016
Romulus Capital, Struck Capital
$3.5M - Series A Jul 2017
Chefmarket.ru (2012, Moscow, $10.1M)
Recipe box delivery service
Mitsui
$3.5M - Series A Aug 2017
7shifts (2011, Regina, $4.7M)
Online employee scheduling software
Tandem Capital, Relay Ventures
$3M - Series A Apr 2017
Zephyr Management
$2.3M - Series A Apr 2016
Bizimply (2011, Dublin, $2.3M)
Attendence managment solution
Causeway Capital, 500 Startups
EARLY STAGE
$2M - Series A Jul 2016
Kalaari Capital, India Quotient
Mitsui
$1.2M - Series A May 2016
Relay Ventures, Boost VC
$455k - Series B Dec 2017
Series B Apr 2016
Diageo
EARLY STAGE
Series B Jun 2017
FreshMenu (2014, Bangalore, $21.5M)
Internet first restaurant offering freshly prepared
multi cuisine food
Brand Capital
Series B Dec 2016
InvestEco Capital
Series B Jan 2018
Series B Dec 2017
Online retailer of tea
RB Investments, Accel Partners, Ratan Tata, Robert
M. Bass
Series B Apr 2016
Wongnai (2010, Bangkok)
Restaurant discovery and review website
InVent

EARLY STAGE
Series A Jun 2017
Gwyneth Paltrow, Collaborative Fund, 14W, Rubicon
Venture Capital, Serena Williams, Nick Brown,
Natalie Massenet, Carter Reum
Series A Jan 2018
June (2013, San Francisco, $29.5M)
Smart counter top oven
Amazon
Series A Jun 2017
YouWeCan
Series A Aug 2017
LimeTray (2013, Delhi)
Platform enabling web presence & marketing for
F&B industry
JSW Ventures
SEED STAGE
$1.5M - Seed May 2016
$1.4M - Seed Jul 2016
Mindful Chef (2014, London, $2.8M)
Meal kit focused to get a lean body
Seedrs
$1.3M - Seed Sep 2017
Crowdcube
$1.3M - Angel Jul 2016
$1.1M - Seed Jul 2017
Foodout (2014, Vilnius, $1.1M)
Online platform to order food from restaurants
Chernovetskyi Investment Group
SEED STAGE
$600k - Seed Jul 2016
Twigly (2015, Gurgaon, $800k)
Mobile-based internet first restaurant
TracxnLabs, Kunal Shah, Gaurav Bhalotia
$311k - Angel Feb 2018
Ashok Kumar Gajera
Angel Jun 2016

FoodTech > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
LATE STAGE
$1.2B - PE Apr 2016
Ele.me (2008, Shanghai, $2.3B)
Online ordering and delivery of food from
restaurants with its own logistics network
Alibaba Group, Ant Financial
$100M - Series C Oct 2016
Yi jiu pi (2014, Beijing, $175M)
B2B e-commerce platform for wine and spirits
Greenwoods Investments
$33.4M - Series C Aug 2016
Keru Cloud (2012, Beijing, $48.6M)
SaaS based Digital solutions for Restaurant
Management
CITIC Securities, Prime Mont Capital
$30M - Series C Apr 2016
Ricebook (2012, Beijing, $53.5M)
Social food discovery app and an E-commerce
platform for premium food
Shenzhen Cornerstone Asset Management
LATE STAGE
Series C Jan 2017
Meiweibuyongdeng (2013, Shanghai, $99M)
SaaS and PoS based solution for restaurants and
table booking app
Koubei
EARLY STAGE
Series B Jul 2016
Baidu Waimai (2011, Beijing, $250M)
Series B May 2016
Yi jiu pi (2014, Beijing, $175M)
B2B e-commerce platform for wine and spirits
Meituan

Most Active Investors (VC, PE) by Stage in FoodTech; Last 5 years (Mar 2013-Mar 2018)
Most Active VC & PE Investors
40
FoodTech > Investment Trends > Most Active VC & PE Investors
SEED STAGE
FJ Labs (7 Investments)
Zesty, Flaviar, Allset Technologies
1
High-Tech Grunderfonds(6 Investments)
Opentabs, Kochrezepte, KUKIMI
2
New Crop Capital (6 Investments)
Memphis Meats, SuperMeat, Sunfed Limited
3
Dorm Room Fund (5 Investments)
BevSpot, Traveling Spoon, Feastfox
4
East Ventures(5 Investments)
Dely, Dah Makan, Berrykitchen
5
Vayner/RSE (5 Investments)
Drizly, Spoon University, Resy
6
Club Italia Investimenti 2 (4 Investments)
VINO75, Gourmant, Sgnam
7
Great Oaks Venture Capital (4
Investments)
Zesty, Drync, Minibar
8
Lemnos (4 Investments)
Nima, Teforia, Pantry
9
Lerer Hippeau Ventures(4 Investments)
Soylent, Spoon University, Resy
10
EARLY STAGE
GV (7 Investments)
Impossible Foods, Toast, Soylent
1
Khosla Ventures(7 Investments)
DoorDash, Impossible Foods, Tapingo
2
Bessemer Venture Partners (6
Investments)
Food52, Toast, MealPal
3
Correlation Ventures(5 Investments)
Mogl, Sun Basket, Invino
4
360 Capital Partners (4 Investments)
FoodChéri, Quitoque, Tiller Systems
5
Index Ventures(4 Investments)
Deliveroo, Zesty, Soylent
6
LaunchCapital(4 Investments)
Eat Club, Invino, BentoBox
7
Accel Partners (3 Investments)
Deliveroo, Swiggy, Fingerlix
8
Collaborative Fund (3 Investments)
Hampton Creek, Ripple Foods, Daily Harvest
9
DN Capital (3 Investments)
Quandoo, Delectable, Take Eat Easy
10
LATE STAGE
Insight Venture Partners (3 Investments)
Delivery Hero, HelloFresh, ezCater
1
Naspers(2 Investments)
Delivery Hero, Swiggy
2
RB Investments(2 Investments)
Swiggy, Faasos
3
Temasek(2 Investments)
Zomato, Impossible Foods
4
Aeterna Capital
TabbedOut
5
Aju IB Investment
Bongdong
6
AllegisCyber
Tillster
7
Altos Ventures Capital
Baemin
8
August Capital
Sun Basket
9
Axon Partners Group
JustEat.in
10

FoodTech > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in FoodTech; Last 5 years (Mar 2013-Mar 2018)
Most Active Ecosystem Investors
INCUBATOR
500 Startups(56 Investments)
Fooda, E la Carte, Sprig
1
SOSV(28 Investments)
Memphis Meats, Perfect Day, Green Blender
2
Y Combinator(27 Investments)
DoorDash, Gobble, Zesty
3
Techstars(21 Investments)
Plated, Spoon University, Wynd
4
Rocket Internet(8 Investments)
Delivery Hero, Foodpanda, Runnr
5
Ben Franklin Technology Partners(6
Investments)
xtraCHEF, Real Food Works, Zuppler Works
6
Food-X(6 Investments)
Servy, Wine Sherpa, CookMood
7
Dreamit(5 Investments)
Servy, Bar & Club Stats, Fitly
8
Entrepreneurs Roundtable
Accelerator(5 Investments)
Chicory, BookaL, Cups
9
Gener8tor(5 Investments)
Bright Cellars, Replenish Foods, Allergy Amulet
10
OTHER NOTABLE INVESTORS
Kima Ventures(14 Investments)
Flaviar, Craft Coffee, La Belle Assiette
1
IndieBio(10 Investments)
Memphis Meats, Clara Foods, Willow Cup
2
Crowdcube(9 Investments)
Mindful Chef, Honest Brew, Cauli Rice
3
FundersClub(9 Investments)
Goldbely, Flaviar, SpoonRocket
4
Seedrs(8 Investments)
Bonaverde, Wriggle, Mindful Chef
5
Wayra(7 Investments)
OrderLord, Onfan, Foodora
6
Internet Initiatives Development
Fund(6 Investments)
SimpleOrder, Smart Food, VkusNaDom
7
LetsVenture(6 Investments)
TravelKhana, Petoo, POSist
8
Plug and Play Tech Center(6 Investments)
NatureBox, FoodyDirect, Clear Labs
9
Asia Venture Group(5 Investments)
Vicampo.de, Dah Makan, Wine in Black
10
DEBT INVESTORS
Western Technology Investment(10
Investments)
Smart Lunches, 5 Square, Dinner Lab
1
InnoVen Capital(4 Investments)
Swiggy, Tabsquare, HolaChef
2
Lighter Capital(4 Investments)
Ekos Brewmaster, Uncorkd, Lish
3
Trinity Capital Investment(3 Investments)
Impossible Foods, E la Carte, Sun Basket
4
Kreos Capital(2 Investments)
Bookatable, Marley Spoon
5
Trifecta Capital(2 Investments)
Box8, Magic Pin
6
Connecticut Innovations
Voda
7
Moscow Seed Fund
Chefmarket.ru
8
Silicon Valley Bank
EatStreet
9

FoodTech > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/5)

FoodTech > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
48
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

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March 2018Tracxn BlueBox – Food Tech
50
FoodTech > Market Details > BlueBox

Key Sub Sectors
51
Key Sub Sectors in FoodTech
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Companies that provide online or mobile platform for discovering restaurants, ordering food
at restaurants or pickup/ home delivery
Delivery Hero (2011, Berlin, Public)
3987 726 $8.5B
Enterprise Solution
Companies that provide technology solutions and SaaS platforms for Food & Beverage
industry
AFS Technologies (1985, Phoenix,
Acquired)
1209 283 $1.3B
Novel Foods
Companies working on next generation foods which aim to replace current food habits or
ingredients
TerraVia (2003, San Francisco, Acquired)
$366M)
289 89 $1.2B
Companies that develop smart kitchen appliances or IoT-enabled hardware for food industry
or consumers
Pantry (2015, San Francisco, Acquired)
232 103 $678M
Beverages
Companies that provide online platform for discovery, recommendations, and ordering of
beverages
Wine (1998, San Francisco, Acquired)
1329 160 $477M
Content
Companies that provide online or mobile platform to access or share food related content on
the internet
Yummly (2009, Redwood City, Acquired)
556 112 $272M
FoodTech > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/10)
52
FoodTech > Market Details > Detailed Sector Taxonomy

53

54

55

56

57

58

59

60

61

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Food Discovery & Ordering > Recipe Box
Companies that provide platform to order meal kits with prepped ingredients and step-by-step cooking
instructions
(Companies covered 212 | Funded 56 | Total Funding $1B)
$427M
(-$151M)
34
(-10)
HelloFresh
2
(-)
Enterprise Solution > Restaurants > Order Management > POS
Companies that provide solutions to restaurants for managing order taking along with customer billing
& payments. May also provide other offerings such as reservation and inve…
(Companies covered 329 | Funded 58 | Total Funding $567M)
$206M
(-$55.2M)
20
(-7)
Toast
(2011, Boston, $131M)
3
(-)
Food Discovery & Ordering > Online Ordering > Internet First Restaurant > On-
demand
Companies that provide food delivery on a daily or on-demand basis
$132M
(-$183M)
49
(-15)
Frichti
(2015, Paris, $48.2M)
4
(+1)
Hardware and IoT Solutions > Smart Kitchen Appliances
Companies that develop smart kitchen devices and kitchen oriented hardware with IoT capabilities
$203M
(+$141M)
19
(-8)
Juicero
5
(+9)
Novel Foods > Food Substitutes > Dairy free
Companies working to provide dairy free substitute for vegan and lactose intolerant market
$179M
(+$162M)
15
(+9)
Ripple Foods
(2014, Emeryville, $110M)
6
(+4)
Food Discovery & Ordering > Online Ordering > Internet First Restaurant > Pre-
ordered Ready-to-heat Meals
Companies that provide ready-to-heat, which are shipped in batches every few days to the consumers
$140M
(+$121M)
12
(+1)
Freshly
(2012, New York City, $107M)
7
(-3)
Food Discovery & Ordering > Dine-Out > Reservation & Ordering > Table
Booking
Companies that enable consumers to make table reservation at the listed restaurants
$72.7M
(+$5M)
22
(-2)
Chope
(2011, Singapore, $24.7M)
62
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/3)
Top Markets by Funding in FoodTech in last 2 years (March 2016 - February 2018)
FoodTech > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Food Discovery & Ordering > Online Ordering > Restaurant Aggregator >
Takeaway
Companies that provide platform to place orders for pickup at the partnered restaurants
(Companies created 79 | Funded 16 | Total Funding $107M )
2
Ritual (2014, Toronto, $42.9M)
2
Food Discovery & Ordering > Recipe Box
Companies that provide platform to order meal kits with prepped ingredients and step-by-step cooking
instructions
(Companies created 212 | Funded 56 | Total Funding $1B )
2
3
Hardware and IoT Solutions > Smart Kitchen Appliances
Companies that develop smart kitchen devices and kitchen oriented hardware with IoT capabilities
(Companies created 63 | Funded 35 | Total Funding $318M )
1 Juicero (2013, San Francisco, $89.8M)
4
Food Discovery & Ordering > Recipe Box > Smoothie Box
Companies that provide kits to prepare smoothies
(Companies created 8 | Funded 3 | Total Funding $46.2M )
1 Daily Harvest (2012, New York City, $44.5M)
5
Enterprise Solution > Restaurants > Backoffice Solutions
Companies that provide more than one back-office solution to restaurants such inventory management,
employee management, customer enagagement etc.
1 Restaurant365 (2011, Irvine, $20M)
6
Novel Foods > Food Substitutes > Meat substitute > Lab-cultured
Companies that develop meat substitute by culturing meat tissue in lab
1 Memphis Meats (2015, San Francisco, $22M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
65
Top Markets of Early Stage Investors (1/2)
Top Markets where Early Stage Investors are investing in last 2 years (March 2016 - February 2018)
FoodTech > Market Details > Top Markets of Early Stage Investors

Top Markets of Early Stage Investors (2/2)
FoodTech > Market Details > Top Markets of Early Stage Investors

Rank Market
Last 2 Years
# of Comp Founded $ Invested # Round Top Funded Company
1
Food Discovery & Ordering > Catering > Restaurant Aggregator
Companies that enable customers to place catering orders from restaurants listed on
their platform
(Companies covered 35 | Funded 6 | Total Funding $23.2M)
13 $15.5M
(+$15.5M)
5
(+5)
Smart Lunches
(2012, Boston, $16.3M)
67
Other Notable Markets
Other Notable Markets with high Entrepreneurial Activity in FoodTech in last 2 years (March 2016 - February 2018)
FoodTech > Market Details > Other Notable Markets

Incubators 500 Startups (#2), Rocket Internet (#1)
Seed Founder Collective (#2), FJ Labs (#2)
Series A/B
Great Oaks Venture Capital (#2), Lerer Hippeau Ventures
(#1)
Series C+ Baillie Gifford (#1), Insight Venture Partners (#1)
HelloFresh Nov - 2017
IPO'd
Plated Sep - 2017
Acq by Albertsons
Blue Apron Jun - 2017
IPO'd on NYSE
$39.5M - Series C
$42.8M - Series D
Sun Basket (2011, San Francisco,
$94.8M)
$7.8M - Series C
Seed
Chefy (2016, Tokyo)
$15M - Series B
$1.3M - Seed
$35.2M - Series B
$2.6M - Series A
SimplyCook (2012, London, $3.7M)
$3.5M - Series A
Chefmarket.ru (2012, Moscow,
$10.1M)
Mar 2018
HelloFresh Passes Blue Apron As Biggest Meal Kit Company
In The US, PYMNTS
Mar 2018
Blue Apron and Airbnb Partner to Bring Home Cooks a
Global Culinary Experience, Business Wire
Mar 2018
Mar 2018
HelloFresh revenue jumps and aims to breakeven in Q4
2018, Food Dive
Mar 2018
Blue Apron will start selling its meal kits in stores,
TechCrunch
Mar 2018
Chefs Plate Says Announces National Launch Of Meal Kit
Solution, Reuters
Mar 2018
Gousto secures £28.5m in funding to boost meal kit offer,
FoodBev
Mar 2018 One Potato Expands Family Dinner Kit Service, TexasTechPulse
Mar 2018
Meal kit company One Potato to begin service in Nevada, The
Las Vegas RJ
Feb 2018
Sun Basket Opens Larger East Coast Distribution Center to
Accommodate Rapid Growth and Demand, PR Newswire
Feb 2018
Home Chef rivals Blue Apron by appealing to 'mainstream'
subscribers, DigitalCommerce360
Feb 2018
Blue Apron Shares Rise on Q4 Beat Despite Customer
Decline, Financial Insiders
Feb 2018
Goodfood Market Corp. Announces Addition to Management
Team, Marketwired
Feb 2018
Blue Apron Sheds Customers as Meal Kit Competition
Mounts, The Wall Street Journal
News
0
5
10
15
20
25
30
$0k
$100M
$200M
$300M
$400M
$500M
2013 2014 2015 2016 2017
YoY Funding Rounds
4
7
23
56
212
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Food Discovery & Ordering > Recipe Box: Market Factsheet
Market: Recipe Box
68
ExitsMost Active Investors
Recent Investments
YoY Funding and Rounds
Companies that provide platform
to order meal kits with prepped
ingredients and step-by-step
cooking instructions
Sun Basket
Plated
(2012, New York City, $79.7M)
Gousto
(2012, London, $78.2M)
Home Chef
(2013, Chicago, $50.8M)
Chef'd
(2013, El Segundo, $40.5M)
Top Companies
#1 Top Markets of Investment Activity
FoodTech > Market Details > Market: Recipe Box
Companies Created 212 | Funded 56 | Total Funding $1B

Food Discovery & Ordering > Recipe Box: Top Companies
Market: Recipe Box (1/2)
Analyst’s Pick
Baillie Gifford, Rocket Internet, Insight Venture
Fidelity Investments, Stripes Group, Bessemer
Analyst’s Pick
3 Other Investors
3 Other Investors
Gourmet Meals
Minicorn. Stage: Series B
Analyst’s Pick
Marley Spoon (2014, Berlin, $27M)
Recipe and related grocery delivery
Kreos Capital, Lakestar, Point Nine Capital and 3
Other Investors
Minicorn. Stage: Series C
InvestEco Capital and 2 Other Investors
Green Chef (2014, Boulder, $15.5M)
Organic meal kit subscription
New Enterprise Associates, FJ Labs, Greenspring
Associates, TA Ventures
Lerer Hippeau Ventures, Crosslink Capital,
Lightspeed Venture Partners and 7 Other Investors

Food Discovery & Ordering > Recipe Box: Top Companies
Market: Recipe Box (2/2)
Analyst’s Pick
Minicorn. Stage: Series A
Mitsui, AddVenture, Moscow Seed Fund
Quitoque (2012, Paris, $6M)
Online platform for ordering recipe kits
360 Capital Partners, ISAI Gestion, NCI
Recipe- kit based grocery delivery
Editor's Pick. Stage: Series A
Maxfield Capital, Episode 1 Ventures, 500 Startups
Minicorn. Stage: Seed
Crowdcube, Seedrs
Minicorn. Stage: Public
GMP Securities, NBF INTERNATIONAL S.A.,
Cormark Securities and 2 Other Investors
Analyst’s Pick
Chefy (2016, Tokyo)
Online platform that delivers prepped recipe kits
Editor's Pick. Stage: Seed
KLab Venture Partners, Yu Akasaka
Foodinthebox (2015, Espana)
Online platform for ordering recipe box
Editor's Pick. Stage: Unfunded
Just Chopped (2016, Poznan)
Online platform to order meal kits for home
delivery
Editor's Pick. Stage: Funded
SpeedUp Venture Group
Purple Carrot (2014, Boston)
Online platform to purchase plant-based meal kits
Windsail Capital Group, New Crop Capital, Stray
Dog Capital, Mario Batali
Smartmat (2012, Antwerp)
Online platform to order recipe box to prepare
meals
Korys
Analyst’s Pick
UCOOK (2014, Cape Town)
Meal kit delivery service
Silvertree

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
71
Food Discovery & Ordering > Recipe Box: Leaderboard
Market: Recipe Box
Better than Market Average
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Blue Apron 2012
New York
City
Public $194M - 5 - - 73 10k 57k 75k 3.5k 2k 20% 1.1k 569% 1.9k 3%
5.0 HelloFresh 2012 Berlin Public $367M - 4 - - 23 10k 28k 3.1M 9.1k -3k -24% 1.7k 36% 2.7k 10%
4.9 Home Chef 2013 Chicago Series B $51M - 4 - - 7 26k 9.7k 75k 256 -5k -16% 29 17% 872 10%
4.9 Quitoque 2012 Paris Acquired $6M - 4 - - 2 266k 2.7k 8k 94 -36k -12% 25 72% 666 30%
4.9 Sun Basket 2011
San
Francisco
Series D $95M - 4 - 4 10 37k 3.2k 30k 32 -7k -15% 22 217% - -
4.8 Terra's Kitchen 2015 Baltimore Seed - - 3 - - 4 315k 1.4k 3k 7 123k 64% 5 144% 68 5%
4.8 Plated 2012
New York
City
Acquired $80M - 4 - - 3 45k 21k 30k 329 -10k -20% 73 68% - -
4.8 Gatheredtable 2013 Seattle Seed $4M - 4 - - 1 960k 53 8k 83 448k 87% 2 4% - -1%
4.8
Suppertime
Chef
2014 Los Angeles Unfunded - - 4 - 2 - - 939 810 7 - - 2 9% 2 -
4.7 SimplyCook 2012 London Series A $4M - 3 - - 2 203k 7.4k 30k 84 31k 18% 32 63% - -
4.7 Gousto 2012 London Series C $78M - 3 - - 6 90k 1 30k 191 -3k -3% 42 48% - -
4.7 CookGourmet 2014 Gurgaon Unfunded - - 5 3 4 - 4.7M 490 300 11 5M 132% 2 22% -66 -12%
4.6 Cheftime 2014 Sao Paulo Unfunded - - 5 - - - 2.5M 293 3k 39 882k 58% 2 6% 12 4%
4.6 My Food Bag 2013 Sydney Series A - - 3 - - - 338k 69 30k 61 -35k -9% 8 15% - -
4.6 Culinate 2015 Noida Unfunded - - 4 - - - 2.1M 337 750 18 -116k -5% 12 166% 21 6%

Incubators 500 Startups (#2), Y Combinator (#1)
Seed
Kensington Capital Partners (#1), Walden Venture Capital
(#1)
Series A/B Bpifrance (#1), BDC Capital (#1)
Series C+ Napier Park Global Capital (#1), Recruit Holdings (#1)
Posera Jun - 2004
IPO'd on TSE
PAR Technology Corp
IPO'd
$3M - Series A
Menusifu (2013, New York City, $3M)
$4M - Series A
Foodics (2014, Riyadh, $4M)
$101M - Series C
Series D
$5.2M - PE
iKentoo (2011, Geneva, $5.2M)
$12.5M - Series C
Angel
Devourin (2015, Pune)
$5.3M - Series A
L'Addition (2012, Paris, $5.3M)
Series C
Revel Systems (2010, San Francisco,
$127M)
$3.3M - Series A
QikServe (2011, Edinburgh, $5.6M)
Mar 2018
Resy Partners with Upserve to Offer Restaurants Guest
Insights, Hospitality Tech
Mar 2018
BestProductsReview
Mar 2018
PAR Technology Corporation Announces 2017 Fourth
Quarter & Full Year 2017 Results, Business Wire
Mar 2018
LevelUp and Gusto Partner to Help Restaurants Drive Guest
Engagement and Loyalty, PR Newswire
Mar 2018
Ziosk Appoints Barry Schliesmann Chief Product Officer,
Citybizlist
Mar 2018
TouchBistro partners with Chase to offer instant payment
processing, BetaKit
Feb 2018 Workpop, ParTech Partner on POS Software, QSR magazine
Feb 2018
PAR Technology Secures Air Force C4ISR Tech R&D
Contract, ExecutiveBiz
Jan 2018
Toast, A Point Of Sale Service For Restaurants, Raises $30M,
TechCrunch
Dec 2017
Posera's Pay-at-the-Table Solution, SecureTablePay, Has
Completed Certification with First Data, CNW
Dec 2017
SICOM Moves Corporate Headquarters to Accommodate
Rapid Growth, GlobeNewswire
Dec 2017
Omnivore Partners with Spreedly in Continued Push to
Transform Restaurant Industry, PRWeb
Nov 2017
New York casino taps PARTech to monitor food operations,
RetailCustomerExperience
Oct 2017
Saudi Arabia-Based Foodtech Startup Foodics Raises US$4
Million Series A Funding, Entrepreneur
News
0
5
10
15
20
$0k
$50M
$100M
$150M
$200M
2013 2014 2015 2016 2017
YoY Funding Rounds
3
8
20
58
329
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Enterprise Solution > Restaurants > Order Management > POS: Market Factsheet
Market: POS
72
Exits
Most Active Investors
Recent Investments
Companies that provide solutions
to restaurants for managing order
taking along with customer billing
& payments. May also provide
other offerings such as
reservation and inventory
management.
Toast
(2011, Boston, $131M)
Revel Systems
E la Carte
(2008, Palo Alto, $52.5M)
Wynd
(2013, Paris, $41.9M)
Top Companies
FoodTech > Market Details > Market: POS
Companies Created 329 | Funded 58 | Total Funding $567M

Enterprise Solution > Restaurants > Order Management > POS: Top Companies
Market: POS (1/2)
Analyst’s Pick
Investors
through tablets
Investors
Analyst’s Pick
analytics
POS for restaurants
Investors
Lavu iPad PoS (2010, Albuquerque, $15M)
iPad-based PoS system.
Aldrich Capital Partners, EPIC Venture Fund
Analyst’s Pick
SaaS-based POS and ordering solution for the
restaurant
Amino Capital
POSist (2011, Delhi, $490k)
SaaS based restaurant POS and management
software
LetsVenture, Hiraco Ventures, Singapore Angel
Network, Purvi Capital
Torqus Systems (2012, Pune, $350k)
SaaS-based POS, customer engagement solution and
SCM solution for restaurants
Creating Revolutions (2013, Miami)
Online SaaS-based solutions for order management
Dining Butler (2015, Singapore)
App based digital menu and POS solution for
resturants

Enterprise Solution > Restaurants > Order Management > POS: Top Companies
Market: POS (2/2)
Analyst’s Pick
Omnivore (2014, Hayward)
Cloud solutions that offers API for restaurant POS
integration

75
Enterprise Solution > Restaurants > Order Management > POS: Leaderboard
Market: POS
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 L'Addition 2012 Paris Series A $5M - 3 3 4 - 349k 814 3k 29 21k 6% 2 7% 37 5%
5.0 EmaginePOS 2012 Ferndale Series A $2M - 4 4 4 - 3.6M 162 7k 14 147k 4% 30
-
235%
-1 -1%
5.0
Torqus
Systems
2012 Pune Seed $350K - 5 - 3 - 710k 31 750 38 114k 17% 23 133% - -1%
5.0 POS bistro 2012 Krakow Funded - - 4 - 4 - 495k 145 4k 41 -115k -19% 2 5% 31 26%
4.9 Revention 2003 Houston Unfunded - - 4 - 4 1 1.7M 749 1.3M 30.8k 297k 23% 5.3k 19% 7 1%
4.9 Quick Resto 2013 Moscow Acquired - - 4 - 3 - 538k 37 13k 183 -10k -2% 7 4% 2 3%
4.9 Devourin 2015 Pune Seed - - 4 2 4 1 2.1M 1 8k 75 - - 6 10% - -
4.9 POS Sector 2007 Mostar Unfunded - - 4 3 4 - 366k 394 9k 58 -9k -2% 1 1% 3 1%
4.9
AirService
Digital
2010 Surry Hills Series A $2M - 4 - - - 10M 353 15k 38 23M 171% 2 7% -167 -38%
4.9 Smart Lab LLC 2011 Kyiv Unfunded - - 4 4 4 - 743k 26 37k 301 27k 4% 65 27% 28
-
12921
%
4.8 Focus POS 2010 Texas City Unfunded - - 3 4 3 - 711k 685 8k 47 -515k -42% 2 4% 35 5%
4.8 POSist 2011 Delhi Seed $490K - 4 - - - 285k - 6k 80 -54k -16% 19 33% - -
4.8
OMAK
Technologies
2012 Colombo Seed $562K 5 4 - - 1 9.5M 70 40k 591 - - 4 2% - -
4.8 Upserve 2009 Providence Series D $41M - 2 - - 8 155k 6.5k 3k 67 - - 2 67% 83 1%

Incubators 500 Startups (#5), Y Combinator (#2)
Seed FundersClub (#2), Indian Angel Network (#2)
Series A/B BoxGroup (#1), E.ventures (#1)
Series C+ Greycroft Partners (#1), Northgate Capital (#1)
None
Series A
Grain (2014, Singapore, $1.7M)
$2.6M - Series A
Dah Makan (2014, Kuala Lumpur,
$4.2M)
$2.1M - Series A
InnerChef (2015, Gurgaon, $6.5M)
Seed
Biryani By Kilo (2015, Gurgaon)
$6.9M - Series B
Seed
Project Jackfruit (2017, Birmingham)
Series A
InnerChef (2015, Gurgaon, $6.5M)
$10M - Series A
ClusterTruck (2015, Indianapolis,
$14M)
$4.5M - Series A
GrowFit (2015, Bangalore, $5.4M)
Seed
Dah Makan (2014, Kuala Lumpur,
$4.2M)
Mar 2018
InnerChef launches its third cloud restaurant YumYumSouth,
Indiatimes
Mar 2018
YC alum Dahmakan, a Kuala Lumpur-based food delivery
startup, acquires Polpa to expand into Thailand, TechCrunch
Mar 2018
First investment from Alteria’s venture debt fund goes to
Fingerlix, newcroplive.com
Mar 2018
Alteria Capital backs read-to-cook food startup Fingerlix in
debut deal, Starter Incubator
Mar 2018 AwesomeChef launches DIY health meal kits, Business Line
Mar 2018
Sodexo Brings a Fresh Twist to Ordering Food Online, PR
Newswire
Feb 2018
Online restaurant gets money from fund managed by
SingPost’s ex-chairman, Tech in Asia
Jan 2018
Alteria Capital invests in ready-to-cook food startup
Fingerlix in debut deal, The World Mobile News Network
Jan 2018
Sodexo Acquires Majority Stake In French Online Restaurant
Foodchéri, RetailBoard
Dec 2017
InnerChef to float more kitchens and brands, leverage
artificial intelligence, VCCircle
Dec 2017
MonkeyBox, backed by Blume Ventures, acquires food
delivery startup 75 In A Box, MyBigPlunge
Dec 2017
FreshMenu Launches Membership Program 'FreshClub',
Franchise India
Dec 2017
FreshMenu Fined By Bangalore’s Municipality For Violating
Cleanliness Norms, Kitchen Found Unhygienic, OfficeChai
Nov 2017
Food-tech startup FreshMenu to get investment from BCCL,
The Indian Wire
News
0
10
20
30
40
50
$0k
$50M
$100M
$150M
$200M
$250M
$300M
2013 2014 2015 2016 2017
YoY Funding Rounds
-
6
26
83
540
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Food Discovery & Ordering > Online Ordering > Internet First Restaurant > On-demand: Market Factsheet
Market: On-demand
76
Exits
Recent Investments
Companies that provide food
delivery on a daily or on-demand
basis
Munchery
Faasos
(2011, Pune, $63.8M)
Frichti
(2015, Paris, $48.2M)
FreshMenu
(2014, Bangalore, $21.5M)
Top Companies
FoodTech > Market Details > Market: On-demand

Food Discovery & Ordering > Online Ordering > Internet First Restaurant > On-demand: Top Companies
Market: On-demand
Analyst’s Pick
Sequoia Capital, Lightbox Ventures, RB Investments
multi cuisine food
Brand Capital, Zodius Capital, Knollwood
Investment Advisory and 2 Other Investors
Dah Makan (2014, Kuala Lumpur, $4.2M)
Healthy lunchboxes delivered
Y Combinator, Texas Atlantic Capital, Atami Capital
Analyst’s Pick
Delivers fresh healthy meals
Majuven, Foodxervices, First Gourmet and 6 Other
Investors
TracxnLabs, Kunal Shah, Gaurav Bhalotia and 2
Other Investors
48East (2016, Bangalore, $750k)
Internet-first restaurant offering Asian cuisine
Editor's Pick. Stage: Acqui-Hired
Al Dhaheri Capital Investment, ACPL Exports
BimBimGo (2015, Paris)
Internet first restaurant serving ready to eat meals
on-demand
Kima Ventures

78
Food Discovery & Ordering > Online Ordering > Internet First Restaurant > On-demand: Leaderboard
Market: On-demand
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Box8 2011 Mumbai Series B $12M 4 4 3 4 3 114k 5.7k 750k 19.5k 13k 12% 7.5k 64% 1.9k 46%
5.0 FreshMenu 2014 Bangalore Series B $22M - 4 4 3 25 57k 5.4k 825k 23.2k 24k 70% 6.3k 41% 433 9%
5.0 Twigly 2015 Gurgaon Seed $800K 5 5 5 4 6 1.6M 461 30k 359 746k 61% 14 4% 12 3%
5.0 InnerChef 2015 Gurgaon Series A $7M - 4 4 3 11 377k 2.2k 300k 1.5k 167k 77% 135 11% 92 4%
4.9 GrowFit 2015 Bangalore Series A $5M - 4 3 4 1 494k 1.2k 307k 1.8k - - 128 8% 72 7%
4.9 Frichti 2015 Paris Series B $48M - 5 - - 4 97k 2.7k 31k 606 15k 17% 358 147% 287 12%
4.9
BatsOnDeliver
y
2013 Gurgaon Seed $88K - 4 3 3 2 4.6M 277 9k 69 2M 76% 2 3% 2 1%
4.9 48East 2016 Bangalore
Acqui-
Hired
$750K - 5 - 4 1 2.4M 132 3k 66 - - 7 11% 19 16%
4.9 Grain 2014 Singapore Series A $2M - 5 - - 4 1.1M 60 4k 55 193k 22% 2 6% 1 2%
4.9 FoodChéri 2015 Paris Acquired $8M - 4 - - 2 113k 2.7k 30k 158 -23k -17% 23 24% 330 14%
4.9 Dah Makan 2014
Kuala
Lumpur
Series A $4M - 4 - - 5 542k 712 300k 2.5k 28k 5% 998 71% 97 16%
4.8 Munchery 2011
San
Francisco
Series D $122M - 4 - - 16 96k 17k 75k 1.9k 16k 20% 74 20% - -
4.8 Faasos 2011 Pune Series C $64M - 4 - 3 - 111k 58k 3.1M 84k - - - - 3.8k 7%
4.8
Charcoal
Biryani
2015 Mumbai Seed $150K 4 5 4 4 1 1.9M 487 750 42 -925k -33% 6 24% - -
4.8 Petoo 2015 Bangalore Seed $2M 4 4 3 4 2 1.5M 20 30k 777 -53k -3% 13 2% - -

Market: Smart Kitchen Appliances
79
FoodTech > Market Details > Market: Smart Kitchen Appliances

Market: Dairy free
82
FoodTech > Market Details > Market: Dairy free

Market: Dairy free

Market: Pre-ordered Ready-to-heat Meals
85
FoodTech > Market Details > Market: Pre-ordered Ready-to-heat Meals

Market: Table Booking
88
FoodTech > Market Details > Market: Table Booking

Market: Table Booking (1/2)

Market: Table Booking (2/2)

Market: Table Booking

Market: E-commerce
92
FoodTech > Market Details > Market: E-commerce

Market: E-commerce

Market: Plant-based
95
FoodTech > Market Details > Market: Plant-based

Market: Plant-based

Market: On-demand Delivery
98
FoodTech > Market Details > Market: On-demand Delivery
Companies Created 226 | Funded 34 | Total Funding $27.3M

Market: Takeaway
101
FoodTech > Market Details > Market: Takeaway

Market: Takeaway

Market: Sensors
104
FoodTech > Market Details > Market: Sensors

Market: Sensors

Market: CRM
107
FoodTech > Market Details > Market: CRM

Market: CRM

Market: Fortified Foods
110
FoodTech > Market Details > Market: Fortified Foods

Market: Rich Listing
113
FoodTech > Market Details > Market: Rich Listing

Market: Quality Control
116
FoodTech > Market Details > Market: Quality Control

Market: Multi Channel Networks
119
FoodTech > Market Details > Market: Multi Channel Networks

Market: Full Stack
122
FoodTech > Market Details > Market: Full Stack

Market: Full Stack

Market: Wine
125
FoodTech > Market Details > Market: Wine

Market: Wine

Market: Smoothie Box
128
#4 Top Markets of Early Stage Investors
FoodTech > Market Details > Market: Smoothie Box

Market: Backoffice Solutions
131
FoodTech > Market Details > Market: Backoffice Solutions

Market: Lab-cultured
134
FoodTech > Market Details > Market: Lab-cultured

Market: Restaurant Aggregator
137
#1 Other Notable Markets
FoodTech > Market Details > Market: Restaurant Aggregator

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
140
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies (1/2)
142
Performance indicators of public companies in FoodTech
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Nov 2017
HelloFresh (2012, Berlin)
$2.2B HFG
Jun 2017
Delivery Hero (2011, Berlin)
Online platform to order food for delivery from partnered
restaurants
$8.7B $5.3B $28.9B FRA:DHER
Jun 2017
Blue Apron (2012, New York City)
$392M $1.9B $238k NYSE:APRN
Dec 2016
Process optimization software for food preparation & delivery
$20.4M $25.2M $86.4k ASX:DTS
Sep 2016
Takeaway (2000, London)
$1.1B $1.1B $118M
EURONEXT:TK
WY
Apr 2014
GrubHub (2004, Chicago)
$9.2B 143.1 GRUB
Apr 2014
Just Eat (2001, London)
Online platform to order food from partnered restaruants
$6.7B JE
Jul 2009
TYO:2193
Dec 2008
TYO:2440
FoodTech > Exit Outlook > Public Companies

Public companies (2/2)
143
Performance indicators of public companies in FoodTech
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Jun 2004
$18.6M $18.6M $12.5M TSE:PAY
Goodfood (2014, Quebec City)
STO:TASTE KV
FoodTech > Exit Outlook > Public Companies

Notable Acquisitions (1/4)
144
Notable Acquisitions in FoodTech
FoodTech > Exit Outlook > Notable Acquisitions
2018 YTD
Acquirer: H
2017
Acquirer: Corbion Deal: $20M
TerraVia (2003, San Francisco, $88M)
Manufactures algae based speciality ingredients
Acquirer: Albertsons
Acquirer: Zomato
Runnr (2015, Bangalore, $20M)
On-demand food delivery platform from nearby
restaurants
Acquirer: Otsuka Deal: $324M
Acquirer: Whirlpool
Yummly (2009, Redwood City, $22.8M)
Personalized food and recipe recommendations
Acquirer: Just Eat Deal: $245M
2017
Acquirer: Electrolux Group Deal: $115M
Sous vide cooker
Acquirer: Maple Leaf Foods Deal: $120M
based food
Acquirer: Symphony Technology Group
Fishbowl (2000, Alexandria, $23M)
Marketing platform for restaurants

145
2016
Acquirer: Delivery Hero
Foodpanda (2012, Berlin, $318M)
Online Food Ordering Service
Acquirer: Delivery Hero
Acquirer: Runnr
TinyOwl (2014, Mumbai, $30.1M)
Mobile-only food ordering platform
Acquirer: iFood
Devorando (2013, Novo Hamburgo, $39.2M)
Mobile platform based restaurant aggregator
Acquirer: Michelin
Bookatable (2006, London, $62.8M)
Booking platform and marketplace for restaurants
2015
Acquirer: Monde Nissin Deal: $831M
substitute products
Acquirer: Delivery Hero Deal: $589M
Acquirer: Delivery Hero Deal: $589M
Acquirer: Majestic Deal: $104M
2015
Acquirer: Recruit Holdings Deal: $219M
Acquirer: Rocket Internet Deal: $170M
Acquirer: Yelp Deal: $134M

146
2014
Acquirer: Pinnacle Foods Deal: $155M
Acquirer: White Wave Deal: $195M
certified
Acquirer: Priceline Group Deal: $2.6B
Acquirer: TripAdvisor Deal: $140M
2014
Acquirer: Court Square Capital Partners
AFS Technologies (1985, Phoenix, $23.2M)
Saas based solutions for Food and Beverage
Industry
2012
Acquirer: Meredith Deal: $175M

147
2011
Acquirer: Google Deal: $151M
Acquirer: Woolworths Deal: $340M
Before 2008
Acquirer: Aramark Deal: $50M
Seamless (1999, New York City, $51M)
Online and mobile platform for individual and
corporate ordering
Acquirer: Wine
WineShopper (2010, San Francisco, $30M)
Wine deals
Acquirer: eVineyard

Most Active Acquirers
148
FoodTech > Exit Outlook > Most Active Acquirers

Date Target
Sep-17
World in a Box Acq by Demiurgic
Hospitality
Sep-17 EatWith Acq by VizEat
Sep-17 Sweet Earth Natural Foods Acq by Nestlé
Sep-17 Plomo Acq by GnB Accelerator
Sep-17 Aloha 2 Go Acq by Bite Squad
Jul-17 Bestowed Acq by UrthBox
Jul-17 Ctuit Acq by Compeat
Jul-17 Ressy Acq by Eatigo
Jul-17 Burrp Acq by Book My Show
Jun-17 Eda.ua Acq by Foodout
Jun-17 Foodler Acq by GrubHub
Jun-17 Appetito24 Acq by Delivery Hero
May-17 Middagsfrid Acq by Axfood
May-17 RawKing Acq by Monkeybox
Acqui-hires (1/2)
149
List of Acqui-hires in FoodTech
Excludes all details for Chinese companies
Date Target
Mar-18 Green Chef Acq by HelloFresh
Mar-18 Polpa Acq by Dah Makan
Mar-18 Quitoque Acq by Carrefour
Mar-18 Exo Acq by Aspire Food Group
Feb-18 BGMenu Acq by Takeaway
Feb-18 RoundMenu Acq by Careem
Feb-18 Deliveras Acq by Delivery Hero
Feb-18 DineIn Acq by HelloGenie
Feb-18 POSitouch Acq by Shift4
Feb-18
Restaurant management POS Acq by
Shift4
Jan-18
Weissbeerger Acq by Anheuser-Busch
InBev
Jan-18 Go Veggie Acq by GreenSpace Brands
Jan-18 Ando Acq by UberEATS
Jan-18 Grub Club Acq by VizEat
Date Target
Jan-18 YatraChef Acq by RailYatri
Jan-18 FoodChéri Acq by Sodexo
Jan-18 Caskers Acq by Flaviar
Jan-18 Kitchen Stories Acq by BSH Hausgerate
Dec-17 75inabox Acq by Monkeybox
Dec-17 48East Acq by Swiggy
Nov-17 FoodFox Acq by Yandex.Taxi
Nov-17 Blissmo Acq by Oh My Green!
Nov-17 CaterTrax Acq by Volaris Group
Nov-17 Radish Acq by Tovala
Oct-17 SkipTheDishes Acq by Just-Eat
Oct-17 Servy Acq by Resy
Oct-17 Takeout Taxi Acq by Bite Squad
Sep-17 Foody Acq by Sea
Sep-17 Foodfly Acq by Delivery Hero
FoodTech > Exit Outlook > Acqui-hires

Date Target
Sep-16 AccuBar Acq by BirchStreet
Sep-16 Quick Resto Acq by 1C Company
Sep-16 DrinkKing Acq by GrowFit
Sep-16 Avanti Acq by Subway
Aug-16 Requested Acq by Waitr
Aug-16 Gault & Millau Acq by EXTENDAM
Aug-16 Chefmade Acq by Eat-Cooked
Aug-16 Tipsy Acq by Hooch
Aug-16 Honest Cooking Acq by ContentChecked
Aug-16 Happy Any Hour Acq by PaidEasy
Jul-16 Hunger Station Acq by Delivery Hero
Jun-16 MassBlurb Acq by Mobikon
Jun-16
HyperActive Technologies Acq by
Acrelec
Jun-16 Beer Hawk Acq by ZX Ventures
Acqui-hires (2/2)
150
List of Acqui-hires in FoodTech
Date Target
May-17 Carriage Co. Acq by Delivery Hero
May-17
Spoon University Acq by Scripps
Networks Interactive
May-17 MealSaver Acq by ResQ
Apr-17 ZakaZaka Acq by Mail.Ru
Apr-17 Le Petit Ballon Acq by Vente-privee
Apr-17 Klink Acq by delivery.com
Apr-17 Hamptons Lane Acq by Try The World
Mar-17 EnvoyNow Acq by Joyrun
Mar-17 ChowBOT Acq by ShopKeep
Mar-17 JusDivine Acq by Mygreens
Mar-17 OrderAhead Acq by Square
Feb-17 Nowait Acq by Yelp
Feb-17 Kristys Kitchen Acq by Curefit
Jan-17 Pocketin Acq by OneLoyalCard
Date Target
Jan-17 Kitchenbowl Acq by ABC
Dec-16 Kongsi Resepi Acq by REV Asia
Dec-16 Restoin Acq by Lieferando
Dec-16 VinTank Acq by Avero
Dec-16 Main Line Delivery Acq by Square
Dec-16 DripApp Acq by Swipii
Dec-16 Slydde Acq by Hooch
Nov-16 FillMyFork Acq by Zipongo
Nov-16 KeVita Acq by PepsiCo
Nov-16 FreshTemp Acq by Digi International
Nov-16 MenuMax Acq by Ben
Sep-16
Easy Appetite Acq by Max On demand
Delivery
Sep-16 Wirwinzer Acq by Hawesko Holding
Sep-16 Pass The Table Acq by U-Feast
FoodTech > Exit Outlook > Acqui-hires
View all 265 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
151
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

FoodTech > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in FoodTech; Last 5 years (Mar 2013 - Feb 2018)
Index of Most Active VC & PE Investors
SEED STAGE
FJ Labs (7 Investments)
New Crop Capital (6 Investments)
High-Tech Grunderfonds (6 Investments)
Vayner/RSE (5 Investments)
East Ventures (5 Investments)
Dorm Room Fund (5 Investments)
Lerer Hippeau Ventures (4 Investments)
Lemnos (4 Investments)
Great Oaks Venture Capital (4 Investments)
Club Italia Investimenti 2 (4 Investments)
First Round Capital (3 Investments)
Point Nine Capital (3 Investments)
Andreessen Horowitz (3 Investments)
Alven (3 Investments)
EARLY STAGE
Khosla Ventures (7 Investments)
GV (7 Investments)
Bessemer Venture Partners (6 Investments)
Correlation Ventures (5 Investments)
Index Ventures (4 Investments)
LaunchCapital (4 Investments)
360 Capital Partners (4 Investments)
Sequoia Capital (3 Investments)
Collaborative Fund (3 Investments)
Greycroft Partners (3 Investments)
Lerer Hippeau Ventures (3 Investments)
Phenomen Ventures (3 Investments)
E.ventures (3 Investments)
Founders Fund (3 Investments)
LATE STAGE
Insight Venture Partners (3 Investments)
Naspers (2 Investments)
Temasek (2 Investments)
RB Investments (2 Investments)
Sequoia Capital
Vostok New Ventures
DST Global
General Catalyst Partners
GIC
Greenoaks
KPCB
Bridgepoint Capital
NGP Capital
Vy Capital

FJ Labs
154
Portfolio in FoodTech | Exits | Funds Link | Website | LinkedIn | Twitter
FoodTech > Investors > FJ Labs
People
Investments
[Minicorn] Zume Pizza (2015, Mountain View, $99.4M, Series C)
[Editor's Pick] Zesty (2013, San Francisco, $20.9M, Series A)
Curation and delivery of dietician-prescribed healthy meals in SF
[Editor's Pick] Flaviar (2012, New York City, $8.8M, Series A)
Spirit Tasting Service, curated monthly sample delivery
FoodTech Notable Portfolio
[Unicorn] Uber (2009, San Francisco, $22.5B, Series G)
Mobile app that connects passengers with vehicle drivers for hire
[Unicorn] Palantir (2004, Palo Alto, $2.8B, Series J)
Intelligence products to Augment Human Driven Analysis
[Unicorn] Farfetch (2008, London, $709M, Series G)
Curated fashion boutique marketplace
[Unicorn] Dropbox (2007, San Francisco, $607M, Series C)
Cloud-based file sharing and synchronization software
[Unicorn] Zenefits (2013, San Francisco, $584M, Series C)
SaaS HR Platform for SMBs
[Unicorn] Wish Shopping (2011, San Francisco, $579M, Series F)
Mobile Social Shopping App
[Unicorn] Stripe (2010, San Francisco, $511M, Series D)
Web & Mobile Payments for Developers
[Unicorn] FanDuel (2009, New York City, $416M, Series E)
Fantasy sports gaming company
[Unicorn] Klarna (2005, Stockholm, $336M, Series D)
Provides purchase financing and late payment options.
[Unicorn] BlaBlaCar (2006, Paris, $336M, Series D)
Long Distance Ride Sharing
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Jose Marin
Co-Founder
Fabrice Grinda
Co-Founder
Geographical Spread Stage of Entry
Mar 2018
Delivery Hero Selects NewVoiceMedia As Contact Center
Partner to Transform Global Customer Experience,
Business Wire
Feb 2018
Rocket Internet shifts $242m of Delivery Hero shares,
Global Corporate Venturing
Feb 2018
Delivery Hero beats expectations with €544 million in
revenue for 2017, Tech.eu
Jan 2018
Takeaway.com says merger with Delivery Hero an option,
Reuters
Jan 2018
Delivery Hero gets 1% stake in Ola for selling Foodpanda
India, Indiatimes
Dec 2017
Delivery Hero sees proceeds of $429 million from capital
increase, Reuters
Dec 2017
Delivery Hero to place $810 million worth of shares,
Reuters
Nov 2017
Germany's Delivery Hero third-quarter revenue jumps 60
percent, Reuters
Nov 2017
Food Delivery App Otlob to be acquired by German
Delivery Hero, Egypt Today
Delivery Hero
(2011, Berlin, $1.8B)
IPO - Jun 2017
11
3
1
2
1
2012 2013 2014 2015 2016 2017
Follow On New Investments
6
-
1
-
8
Undisclosed
Series C+
Series B
Series A
Seed9
5
1
-
-
US
Europe
Canada

New Crop Capital
155
FoodTech > Investors > New Crop Capital
Investments
[Editor's Pick] Memphis Meats (2015, San Francisco, $22M,
Series A)
Develops lab cultured meat
[Editor's Pick] SuperMeat (2015, Tel Aviv, $3M, Seed)
Biotech company developing technology to produce lab cultured meat
[Editor's Pick] Sunfed Limited (2015, Auckland, $1.2M, Seed)
Yellow pea based meat alternative
[Editor's Pick] New Wave Foods (2015, San Francisco, $250k,
Seed)
Producer of cultured shrimps in lab from red algae
[Editor's Pick] Purple Carrot (2014, Boston, Seed)
Top Exits Recent News on Fund & Portfolio
Mar 2018
Bill Gates and Richard Branson are betting lab-grown
meat might be the food of the future, CNBC
Feb 2018
Singapore’s Sirius Venture backs $3m round in Israeli
food-tech startup SuperMeat, Deal Street Asia
Jan 2018
Tyson Foods Invests in Cultured Meat with Stake in
Memphis Meats, GlobeNewswire
Sep 2017
Torch passed to new president and CEO at SunFed, The
Produce News
Aug 2017
Branson and Gates back lab-grown “clean meat”
innovators, Food Ingredients First
Feb 2017
Miyoko’s Kitchen Receives Growth Equity Investment
from JMK Consumer Growth Partners, Business Wire
Nov 2016
Lab-made meat startup Memphis Meats hopes to grow a
Thanksgiving turkey, TechCrunch
Jul 2016
Truly Sustainable Seafood: New Wave Foods Secures Seed
Investments from Efficient Capacity and New Crop
Capital, My Social Good News
None
1
3
2
2012 2013 2014 2015 2016 2017
2
-
-
-
6
Undisclosed
Series C+
Series B
Series A
Seed5
1
1
1
-
US
Israel
New Zealand

High-Tech Grunderfonds
156
FoodTech > Investors > High-Tech Grunderfonds
Investments
[Soonicorn] Heliatek (2006, Dresden, $117M, Series D)
Manufactures organic solar films.
[Soonicorn] Windeln (2010, Munich, $72.7M, Public)
Online Baby Shop in Germany
[Soonicorn] Mister Spex (2007, Berlin, $69.6M, Series E)
Online eye-wear retailer
[Soonicorn] Outfittery (2012, Berlin, $59.8M, Series D)
Curated shopping service for men’s clothing
[Soonicorn] JUNIQE (2014, Berlin, $22.2M, Series B)
Online marketplace for independent designers
[Minicorn] Immunic Therapeutics (2016, Martinsried,
$35.9M, Series A)
German, clinical-stage immunotherapy biotech developing small
molecule immunomodulators for auto-immune diseases
[Minicorn] Fazua (2011, Munich, $11.2M, Series B)
Developer of e-bike drive system
[Minicorn] NFON (2009, Munich, $5.3M, Series B)
Cloud telephony services provider
[Minicorn] Inventorum (2012, Berlin, $5.1M, Series A)
Business Management suite
[Minicorn] contentbird (2012, Berlin, $2.5M, Seed)
Content marketing workflow platform
[Minicorn] Thermosome (2014, Munich, $2.2M, Series A)
Developing thermosensitive drug-loaded nanocarriers to treat cancer.
[Minicorn] Bitwala (2013, Utrecht, $890k, Seed)
Bill payment via bitcoins
[Minicorn] Loopline Systems (2014, Berlin, Series A)
SaaS based solution for managing performance reviews
Top Exits Recent News on Fund & Portfolio
NoneNone
4
1 1
2012 2013 2014 2015 2016 2017
-
-
-
-
6
Undisclosed
Series C+
Series B
Series A
Seed6
-
-
-
-
Europe

Vayner/RSE
157
FoodTech > Investors > Vayner/RSE

East Ventures
158
FoodTech > Investors > East Ventures

Dorm Room Fund
159
FoodTech > Investors > Dorm Room Fund

Lerer Hippeau Ventures
160
FoodTech > Investors > Lerer Hippeau Ventures

Lemnos
161
FoodTech > Investors > Lemnos

Great Oaks Venture Capital
162
FoodTech > Investors > Great Oaks Venture Capital

Club Italia Investimenti 2
163
FoodTech > Investors > Club Italia Investimenti 2

Accel Partners
164
FoodTech > Investors > Accel Partners

First Round Capital
165
FoodTech > Investors > First Round Capital

Point Nine Capital
166
FoodTech > Investors > Point Nine Capital

Andreessen Horowitz
167
FoodTech > Investors > Andreessen Horowitz

Alven
168
FoodTech > Investors > Alven

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
169
Seed Stage
Early Stage
Late Stage

Khosla Ventures
170
FoodTech > Investors > Khosla Ventures

GV
171
FoodTech > Investors > GV

172
FoodTech > Investors > Bessemer Venture Partners

Correlation Ventures
173
FoodTech > Investors > Correlation Ventures

Index Ventures
174
FoodTech > Investors > Index Ventures

LaunchCapital
175
FoodTech > Investors > LaunchCapital

360 Capital Partners
176
FoodTech > Investors > 360 Capital Partners

Accel Partners
177
FoodTech > Investors > Accel Partners

Collaborative Fund
178
FoodTech > Investors > Collaborative Fund

Greycroft Partners
179
FoodTech > Investors > Greycroft Partners

Lerer Hippeau Ventures
180
FoodTech > Investors > Lerer Hippeau Ventures

Phenomen Ventures
181
FoodTech > Investors > Phenomen Ventures

E.ventures
182
FoodTech > Investors > E.ventures

Founders Fund
183
FoodTech > Investors > Founders Fund

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
184
Seed Stage
Early Stage
Late Stage

Insight Venture Partners
185
FoodTech > Investors > Insight Venture Partners

Naspers
186
FoodTech > Investors > Naspers

Temasek
187
FoodTech > Investors > Temasek

RB Investments
188
FoodTech > Investors > RB Investments

Sequoia Capital
189
FoodTech > Investors > Sequoia Capital

Vostok New Ventures
190
FoodTech > Investors > Vostok New Ventures

DST Global
191
FoodTech > Investors > DST Global

General Catalyst Partners
192
FoodTech > Investors > General Catalyst Partners

GIC
193
FoodTech > Investors > GIC

Greenoaks
194
FoodTech > Investors > Greenoaks

195
FoodTech > Investors > Bessemer Venture Partners

KPCB
196
FoodTech > Investors > KPCB

Bridgepoint Capital
197
FoodTech > Investors > Bridgepoint Capital

NGP Capital
198
FoodTech > Investors > NGP Capital

Vy Capital
199
FoodTech > Investors > Vy Capital

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
200
Incubators
Other Notable Investors
Debt Investors

FoodTech > Investors > Index of Ecosystem Investors
Index of Top Ecosystem Investors in FoodTech; Q1 2013 - Q1 2018
Index of Ecosystem Investors
INCUBATOR
500 Startups (56 Investments)
SOSV (28 Investments)
Y Combinator (27 Investments)
Techstars (21 Investments)
Rocket Internet (8 Investments)
Ben Franklin Technology Partners (6
Investments)
Food-X (6 Investments)
Dreamit (5 Investments)
Entrepreneurs Roundtable Accelerator (5
Investments)
Gener8tor (5 Investments)
Kickstart Accelerator (5 Investments)
Startup Sauna (5 Investments)
Nana Bianca (4 Investments)
Venture Kick (4 Investments)
Axilor Ventures (3 Investments)
OTHER NOTABLE INVESTORS
Kima Ventures (14 Investments)
IndieBio (10 Investments)
Crowdcube (9 Investments)
FundersClub (9 Investments)
Seedrs (8 Investments)
Wayra (7 Investments)
Internet Initiatives Development Fund (6
Investments)
LetsVenture (6 Investments)
Plug and Play Tech Center (6 Investments)
Asia Venture Group (5 Investments)
H-Farm (5 Investments)
Golden Seeds (4 Investments)
Goldman Sachs (4 Investments)
Indian Angel Network (4 Investments)
Just Eat (4 Investments)
DEBT INVESTORS
Western Technology Investment (10
Investments)
InnoVen Capital (4 Investments)
Lighter Capital (4 Investments)
Trinity Capital Investment (3 Investments)
Kreos Capital (2 Investments)
Trifecta Capital (2 Investments)
Moscow Seed Fund
Silicon Valley Bank

500 Startups
202
FoodTech > Investors > 500 Startups
People
Investments
[Soonicorn] E la Carte (2008, Palo Alto, $52.5M, Series C)
SaaS-based restaurant management solution through tablets
[Minicorn] Winc (2011, Los Angeles, $30.6M, Series B)
Wine retailer
[Minicorn] Fooda (2011, Chicago, $24.6M, Series C)
[Minicorn] Fooda (2011, Chicago, $24.6M, Series C)
[Minicorn] Chewse (2011, San Francisco, $15M, Series B)
Online marketplace for corporate catering and events
[Minicorn] Saucey (2013, Los Angeles, $10.2M, Series A)
[Minicorn] Qraved (2013, Jakarta, $9.3M, Series B)
Restaurant information and booking
[Minicorn] Bizimply (2011, Dublin, $2.3M, Series A)
[Minicorn] PlateJoy (2013, San Francisco, $1.7M, Seed)
Do-it-yourself meal kits
[Minicorn] truBrain (2013, Los Angeles, $750k, Seed)
Brain Nutrition Shipped Monthly
[Minicorn] Tableapp (2013, Ampang, $78k, Series A)
Online reservation booking at restaurants
[Editor's Pick] SimplyCook (2012, London, $3.7M, Series A)
[Editor's Pick] Grain (2014, Singapore, $1.7M, Series A)
Top Exits
Dave McClure
Founder, Partner
Sep 2017 Fooda Brings In $12.5 Million, NewsCenter
Jun 2017
Human cloud firm Sprig shuts down; raising money
become more difficult, Staffing Industry Analysts
May 2017
Sprig is Bay Area's latest meal deliverer to bite the dust,
The Business Journals
Mar 2017
E la Carte Launches New Payment Terminal That
Supports Apple Pay, PYMNTS
Jan 2017
Meal-Delivery Service Sprig Cooks Up A Bigger Menu And
New Delivery Plan, Fast Company
Jan 2017
Demand Food Delivery Service Sprig Has Raised
$45 Million / modaride.com, modaride.com
Sep 2016
The Past, Present, and Future of On-Demand [Podcast],
Greylock Partners
Aug 2016
ZeroCater raises $4.1 million to keep office workers well-
fed in the U.S., TechCrunch
Jul 2016
Sprig pauses food delivery service in Chicago, lays off
seven people, TechCrunch
May 2016
Square Acquires Fastbite To Add Cheap, Fast Meals To
Caviar, TechCrunch
None
2 1 2 3
1
3
7 6
8 14
4
2012 2013 2014 2015 2016 2017
16
-
1
13
40
Undisclosed
Series C+
Series B
Series A
Seed44
7
6
4
2
US
Latam
SEA
Europe
China

SOSV
203
FoodTech > Investors > SOSV
People
Investments
[Minicorn] Perfect Day (2014, San Francisco, $26.7M, Series A)
Produces milk substitute through yeast fermentation
[Editor's Pick] Memphis Meats (2015, San Francisco, $22M,
Series A)
[Editor's Pick] Clara Foods (2014, San Francisco, $1.8M, Seed)
Develops egg white substitute synthesized in lab
[Editor's Pick] New Wave Foods (2015, San Francisco, $250k,
Seed)
[Soonicorn] Leap Motion (2010, San Francisco, $94.1M, Series C)
Making motion control software and hardware
[Soonicorn] Getaround (2009, San Francisco, $86.3M, Series C)
Peer-to-peer carsharing marketplace
[Soonicorn] Breather (2012, Montreal, $73M, Series C)
On-demand Private Room Reservation
[Soonicorn] Formlabs (2011, Somerville, $55.8M, Series B)
High-resolution desktop 3D printing
[Soonicorn] WithMe (2016, Las Vegas, $32.8M, Series B)
Designer, builder and lease provider of short-term omnichannel retail
stores
[Minicorn] Yoyowallet (2013, London, $31.5M, Series B)
QR code based mobile payment service provider & consumer behavior
analysis
[Minicorn] JUMP Bikes (2010, Brooklyn, $17M, Series A)
Bicycle rental platform
Top Exits
Sean O’Sullivan
Founder & Managing
Partner
Mar 2018
Bill Gates and Richard Branson are betting lab-grown
meat might be the food of the future, CNBC
Mar 2018
Perfect Day gets $24.7 million and a new patent, Biofuels
Digest
Mar 2018
Hamilton Beach, Bartesian Enter Into Exclusive Multi-
Year Agreement, Reuters
Feb 2018
Perfect Day On Its Way to Bringing Animal-Free Dairy to
Store Shelves, PR Newswire
Jan 2018
Tyson Foods Invests in Cultured Meat with Stake in
Memphis Meats, GlobeNewswire
Aug 2017
Branson and Gates back lab-grown “clean meat”
innovators, Food Ingredients First
Feb 2017
FreshSurety Wins ITEXPO's IDEA Showcase, Technology
Marketing Corporation
Nov 2016
Lab-made meat startup Memphis Meats hopes to grow a
Thanksgiving turkey, TechCrunch
Jul 2016
Truly Sustainable Seafood: New Wave Foods Secures Seed
Investments from Efficient Capacity and New Crop
Capital, My Social Good News
None
1 11
1
2
2012 2013 2014 2015 2016 2017
28
-
-
-
5
Undisclosed
Series C+
Series B
Series A
Seed22
5
3
3
-
US
China
Europe
Canada

Y Combinator
204
FoodTech > Investors > Y Combinator
People
Investments
[Unicorn] DoorDash (2013, Palo Alto, $722M, Series D)
[Soonicorn] Soylent (2013, Los Angeles, $74.5M, Series B)
Meal replacement product that provides all the essential nutrients in a
serving
[Soonicorn] E la Carte (2008, Palo Alto, $52.5M, Series C)
SaaS-based restaurant management solution through tablets
[Soonicorn] ZeroCater (2009, San Francisco, $5.6M, Series A)
[Minicorn] Gobble (2010, Palo Alto, $27.1M, Series B)
[Minicorn] PlateJoy (2013, San Francisco, $1.7M, Seed)
[Editor's Pick] Tovala (2015, Chicago, $14.6M, Series A)
Smart Appliance manufacturer and food subscription service
[Editor's Pick] Flaviar (2012, New York City, $8.8M, Series A)
Spirit Tasting Service, curated monthly sample delivery
[Editor's Pick] Dah Makan (2014, Kuala Lumpur, $4.2M, Series A)
[Editor's Pick] Nutrigene (2016, Mountain View, $120k, Seed)
Manufactures consumer device to dispense vitamin drink from pods
[Editor's Pick] Trackin (2014, San Jose, $120k, Seed)
Ordering managment and delivery tracking software
Top Exits
Michael Seibel
CEO
Mar 2018
Restaurant Revolution Technologies partners with
DoorDash, MeatPoultry.com
Mar 2018 El Pollo Loco Partners With DoorDash, Reuters
Mar 2018
Doordash Secures $535 Million In Funding From
Softbank, Sequoia, And GIC To Expand Its On-Demand
Platform, Reuters
Feb 2018
In-N-Out Files Lawsuit Against Food Delivery Startup
DoorDash, TechCrunch
Jan 2018
Doordash Repurposes Its Tech To Fight Hunger, Industry
Buzz
Jan 2018
DoorDash Launches In The Kansas City Area, Offers Door-
To-Door Delivery From More Than 1,500 Restaurants, PR
Newswire
Dec 2017
SoftBank is negotiating an investment in DoorDash that
could reach $300 million, Recode
Nov 2017
DoorDash has hired ex Twitter and Groupon execs to
spearhead big expansion plans, Business Insider
Nov 2017 Portillo’s announces first delivery service, BizTimes
Oct 2017
DoorDash opens Silicon Valley home for 'virtual'
restaurants, Reuters
None
1 2 1 21
6
8
4 3 1
2012 2013 2014 2015 2016 2017
2
-
-
1
31
Undisclosed
Series C+
Series B
Series A
Seed31
1
1
1
-
US
Israel
SEA
Canada

Techstars
205
FoodTech > Investors > Techstars

Rocket Internet
206
FoodTech > Investors > Rocket Internet

Ben Franklin Technology Partners
207
FoodTech > Investors > Ben Franklin Technology Partners

Food-X
208
FoodTech > Investors > Food-X

Dreamit
209
FoodTech > Investors > Dreamit

Entrepreneurs Roundtable Accelerator
210
FoodTech > Investors > Entrepreneurs Roundtable Accelerator

Gener8tor
211
FoodTech > Investors > Gener8tor

Kickstart Accelerator
212
FoodTech > Investors > Kickstart Accelerator

Startup Sauna
213
FoodTech > Investors > Startup Sauna

Nana Bianca
214
FoodTech > Investors > Nana Bianca

Venture Kick
215
FoodTech > Investors > Venture Kick

Axilor Ventures
216
FoodTech > Investors > Axilor Ventures

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
217
Incubators
Debt Investors

Kima Ventures
218
FoodTech > Investors > Kima Ventures

IndieBio
219
FoodTech > Investors > IndieBio

Crowdcube
220
FoodTech > Investors > Crowdcube

FundersClub
221
FoodTech > Investors > FundersClub

Seedrs
222
FoodTech > Investors > Seedrs

Wayra
223
FoodTech > Investors > Wayra

Internet Initiatives Development Fund
224
FoodTech > Investors > Internet Initiatives Development Fund

LetsVenture
225
FoodTech > Investors > LetsVenture

Plug and Play Tech Center
226
FoodTech > Investors > Plug and Play Tech Center

Asia Venture Group
227
FoodTech > Investors > Asia Venture Group

H-Farm
228
FoodTech > Investors > H-Farm

Golden Seeds
229
FoodTech > Investors > Golden Seeds

Goldman Sachs
230
FoodTech > Investors > Goldman Sachs

Indian Angel Network
231
FoodTech > Investors > Indian Angel Network

Just Eat
232
FoodTech > Investors > Just Eat

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
233
Incubators
Debt Investors

Western Technology Investment
234
FoodTech > Investors > Western Technology Investment

InnoVen Capital
235
FoodTech > Investors > InnoVen Capital

Lighter Capital
236
FoodTech > Investors > Lighter Capital

Trinity Capital Investment
237
FoodTech > Investors > Trinity Capital Investment

Kreos Capital
238
FoodTech > Investors > Kreos Capital

Trifecta Capital
239
FoodTech > Investors > Trifecta Capital

240
FoodTech > Investors > Connecticut Innovations

Moscow Seed Fund
241
FoodTech > Investors > Moscow Seed Fund

Silicon Valley Bank
242
FoodTech > Investors > Silicon Valley Bank

Contents
Feed Summary
Investment Trend
Key Markets
Exit Outlook
Investors
News
Appendix
243
Recent News

Recent News (1/2)
245
FoodTech > News > Recent News
Mar 2018 Global hedge fund Coatue in talks to buy stake in Swiggy, Indiatimes
Mar 2018
foodpanda Officially Launches Its Operations in Rawalpindi,
ProPakistani
Mar 2018
Lavazza to focus on organic growth after acquisitions boost 2017
core profits, Reuters
Mar 2018
Apptizer Mobile and Kiosk Order-Ahead Now Available for First
Data Clover, Business Wire
Mar 2018
Resy Partners with Upserve to Offer Restaurants Guest Insights,
Hospitality Tech
Mar 2018
Foodpanda appoints Anshul Khandelwal as head of marketing,
Indiatimes
Mar 2018
HelloFresh Passes Blue Apron As Biggest Meal Kit Company In The
US, PYMNTS
Mar 2018
Blue Apron and Airbnb Partner to Bring Home Cooks a Global
Culinary Experience, Business Wire
Mar 2018
xtraCHEF, a Hospitality Cost Intelligence and Accounts Payable
Platform, Announces $3 Million Financing to Fuel Growth, PRWeb
Mar 2018
Easy-to-Use Spoon Guru Technology Launches in the US Providing
the Most Accurate Shopping Experience for Consumers’ Food Needs,
Business Wire
Mar 2018
Qraved integrates Go-Food API, enabling food delivery through its
mobile app, E27
Mar 2018
Keurig and EVOCA Group Announce Partnership on a New Café
Brewing System for the Away from Home Channel, Business Wire
Mar 2018
Getting New Customers in the Door: “Punchh Acquire” Launches in
Beta to Restaurant Marketing Platform, Business Wire
Mar 2018
B2B foodtech startup HungerBox raises Rs 4 Cr fresh round,
Entrackr
Mar 2018
Mar 2018
Keurig, Evoca Team To Debut Away From Home Brewer, HomeWorld
Business
Mar 2018
Bill Gates and Richard Branson are betting lab-grown meat might be
the food of the future, CNBC
Mar 2018 Swiggy, PhonePe join hands for simplified payment, Indiatimes
Mar 2018
Zomato CEO claims $100 million in annualised revenue run rate;
40% growth in last 2 months, Indiatimes
Mar 2018
Urbanpiper raises Pre-Series A funding led by Zoho co-founder
Kumar Vembu, Indiatimes
Mar 2018
HelloFresh revenue jumps and aims to breakeven in Q4 2018, Food
Dive
Mar 2018
BestProductsReview
Mar 2018
Newest Apple Pay promo offers free deliveries from Eat24, Grubhub
& Seamless, AppleInsider
Mar 2018
Impossible Burger offered at Oakland A's home games,
MeatPoultry.com
Mar 2018 Foodpanda introduces new retail restaurant in Singapore, The Drum

Recent News (2/2)
246
FoodTech > News > Recent News
Mar 2018
Deal Street: Ola, Flipkart, FreeCharge Founders Invest In Lending
Platform , Bloomberg
Mar 2018
InnerChef launches its third cloud restaurant YumYumSouth,
Indiatimes
Mar 2018 Roberson Winery Opens Doors To Locals, The Drinks Business
Mar 2018 Tipple uncorks national rollout, InsideRetail
Mar 2018 HelloFresh Acquires Green Chef, Business Wire
Mar 2018
YC alum Dahmakan, a Kuala Lumpur-based food delivery startup,
acquires Polpa to expand into Thailand, TechCrunch
Mar 2018
First investment from Alteria’s venture debt fund goes to Fingerlix,
newcroplive.com
Mar 2018
Myxx Announces New Shoppable Recipe Video Series Starring Best-
Selling Cookbook Author, PRWeb
Mar 2018
Meredith Corporation Partners With eMeals To Bring Curated Meal
Plans To Millions Of Home Cooks, PR Newswire
Mar 2018 Swiggy introduces UPI-based payment for delivery fleet, Indiatimes
Mar 2018
Foodpanda, Uber take meal apps battle to Bangkok’s food paradise,
Livemint
Mar 2018
Yelp and Grubhub Complete Online Ordering Integration, Business
Wire
Mar 2018
Huel adds mint chocolate flavour to boost meal replacement offer,
FoodBev
Mar 2018
Alteria Capital backs read-to-cook food startup Fingerlix in debut
deal, Starter Incubator
Mar 2018 Vivino’s $20 million Series C funding Round, Global Legal Chronicle
Mar 2018
Olo Partners with EatStreet to Power Delivery for Restaurants,
Business Wire
Mar 2018
Tea startup, The Good Life Company, expands into luxury coffee
segment, Indiatimes
Mar 2018 Uber Eats launches in Des Moines, clayandmilk.com
Mar 2018 Blue Apron will start selling its meal kits in stores, TechCrunch
Mar 2018 Delivering on tech in the Middle East, Arabian Business
Mar 2018
Chefs Plate Says Announces National Launch Of Meal Kit Solution,
Reuters
Mar 2018
PAR Technology Corporation Announces 2017 Fourth Quarter &
Full Year 2017 Results, Business Wire
Mar 2018
Restaurant Revolution Technologies partners with DoorDash,
MeatPoultry.com
Mar 2018 Food-tech startup SmartQ raises $1 million, Indiatimes
Mar 2018 Swiggy to enter Coimbatore, Kochi this month, Indiatimes
Mar 2018
On demand alcohol delivery service Tipple eyes national expansion,
TechInvest
Mar 2018
Cafection, EVOCA USA Will Present Enhanced Coffee Machines Offer
At NAMA 2018, Vending Market Watch
Mar 2018 Selecta Appoints New Chief Financial Officer, Business Wire
Mar 2018
Ecoark Announces $4.2 Million Registered Direct Offering, Business
Wire

Contents
Feed Summary
Investment Trend
Key Markets
Exit Outlook
Investors
News
Appendix
247
Explore more on Tracxn Platform
Index of Top companies by Market
Funded Deadpooled Companies

Explore more on Tracxn Platform
249
Companies
Companies Covered
Unicorns
Public Companies
Acquired Companies
Funded Companies
Investment Trends
Recent Investments
Mega Investments
Investment Trend
Markets
BlueBox
Taxonomy
News
Key News
Recent News
Company Stage
Angel Funded
Seed Funded
Early Stage (Series A/B)
Late Stage (Series C+)
Acqui-hires
DeadPooled
Investors Acquirers
Unicorn Investors
Most Active VC &PE Investors
Portfolio of Top Investor
Most Active Acquirer
FoodTech > Appendix > Explore Sector on Tracxn Platform

Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in FoodTech
Index of Top companies by Market (1/31)
250
FoodTech > Appendix > Index of Top companies by Market
Online Ordering
IPO Date Jun 2017 Mcap $8.7B
IPO Mcap $5.3B
FRA DHER P/E -
Unicorn. Stage: Series F
T. Rowe Price, Fidelity Investments, DST Global and
17 Other Investors
Unicorn. Stage: Series D
SoftBank Group, Sequoia Capital, GIC and 11 Other
Investors
Online Ordering
Foodpanda (2012, Berlin, $318M)
Online Food Ordering Service
Stage: Acquired
Rocket Internet, Goldman Sachs, Falcon Edge
Naspers, Meituan, Accel Partners and 7 Other
Investors
restaruants
IPO Date Apr 2014 Mcap $6.7B
IPO Mcap -
LON JE P/E -
Online Ordering
Takeaway (2000, London, $119M)
IPO Date Sep 2016 Mcap $1.1B
IPO Mcap $1.1B
EURONEXT TKWY P/E -
Insight Venture Partners and 6 Other Investors
Soonicorn. Stage: Series E
Hillhouse Capital Group, Goldman Sachs,
CyberAgent Ventures and 2 Other Investors

251
Online Ordering
Stage: Acquired
Just Eat, Movile, Warehouse Ventures and 2 Other
Investors
IPO Date Apr 2014 Mcap $9.2B
IPO Mcap -
- GRUB P/E 143.1
for enterprises
Iconiq Capital, Insight Venture Partners, Breton
Online Ordering
Sequoia Capital, Lightbox Ventures, RB Investments
Seamless (1999, New York City, $51M)
Online and mobile platform for individual and
corporate ordering
Stage: Acquired
Stripes Group, Spectrum Equity, SeventySix Capital
Sodexo, August Capital, Trinity Ventures and 7
Other Investors
Online Ordering
Stage: Acquired
General Atlantic, Mena Venture investments,
Endeavor and 2 Other Investors
Devorando (2013, Novo Hamburgo, $39.2M)
Mobile platform based restaurant aggregator
Stage: Acquired
Ventiur
EatStreet (2010, Madison, $38M)
Online marketplace for food ordering
Lumia Capital, GCI Capital INC, Math Venture

252
Online Ordering
Star Festival (2011, Shibuya, $37.5M)
E-commerce search portal for meal delivery
Editor's Pick. Stage: Series B
ASKUL Corp, JAFCO, Globis Capital Partners and 1
Other Investors
S3 Ventures, Silverton Partners, Draper Associates
Tapingo (2010, Tel Aviv, $36M)
Food Ordering App for College Campuses
Khosla Ventures, DCM Ventures, Qualcomm
Online Ordering
Menlo Ventures, Bessemer Venture Partners,
Comcast Ventures and 3 Other Investors
Habit (2015, Emeryville, $32M)
Data-driven personalized nutrition service
Campbells, IDEO Futures
TinyOwl (2014, Mumbai, $30.1M)
Mobile-only food ordering platform
Stage: Acquired
Sequoia Capital, Matrix Partners India, Nexus
Online Ordering
Fooda (2011, Chicago, $24.6M)
Lightbank, Valor Equity Partners, KGC Capital and 2
Other Investors
Stage: Acquired
multi cuisine food
Brand Capital, Zodius Capital, Knollwood
Investment Advisory and 2 Other Investors
Platterz (2015, Toronto, $21.3M)
Office focused online marketplace for caterers
Aleph Venture Capital, Globalive Capital, Altair
Capital

253
Online Ordering
Zesty (2013, San Francisco, $20.9M)
Curation and delivery of dietician-prescribed
healthy meals in SF
Index Ventures, Founders Fund, Forerunner
Foodee (2011, Vancouver, $20.5M)
Group Food Delivery Ordering for Offices
BDC Capital, Kensington Capital Partners, Yaletown
Runnr (2015, Bangalore, $20M)
On-demand food delivery platform from nearby
restaurants
Blume Ventures, Nexus Venture Partners, Sequoia
Online Ordering
Caviar (2012, San Francisco, $15M)
Online food ordering services from local eateries
Tiger Global Management, Andreessen Horowitz,
Mixt and 6 Other Investors
Chewse (2011, San Francisco, $15M)
Online marketplace for corporate catering and
events
Foundry Group, Telegraph Hill Capital, Rocketship
Wolt (2014, Helsinki, $13.7M)
Food ordering and delivery service.
EQT Ventures, Inventure, Lifeline Ventures
Online Ordering
Online curated marketplace for chef prepared
meals
Ashok Kumar Gajera, InnoVen Capital, Temasek and
5 Other Investors
Peachd (2013, Seattle, $10.8M)
Lunch delivery to office
Madrona Venture Group, Vulcan Capital, Maveron
Waitr (2013, Lake Charles, $10M)
Online platform for food ordering and delivery

254
Online Ordering
Sakara Life (2011, New York City, $8.6M)
Internet first restaurant for healthy food
Jeffery Boyd, SV Angel, Robert Mylod and 1 Other
Investors
FoodFox (2015, Moscow, $6M)
Online food delivery platform in Moscow
Target Global
Romulus Capital, Struck Capital, SV Angel and 4
Other Investors
Bite Squad (2012, Minneapolis, $5M)
Delivers restaurant dishes to home or office
Brightstone Venture Capital
Online Ordering
FoodyDirect (2011, Menlo Park, $4.7M)
Nationwide delivery from the best restaurants
Crosslink Capital, Plug and Play Tech Center
Hungry Group (2013, Risskov, $4.3M)
Network of online takeaway ordering platforms
Delivery Hero
Dah Makan (2014, Kuala Lumpur, $4.2M)
Y Combinator, Texas Atlantic Capital, Atami Capital
Hungry (2016, Washington D.C., $2.7M)
Marketplace and delivery of chef prepared meals
GP Ventures, The Syndicate Fund, HireCapital
Online Ordering
Majuven, Foodxervices, First Gourmet and 6 Other
Investors
Foodout (2014, Vilnius, $1.1M)
Online platform to order food from restaurants
Chernovetskyi Investment Group
Thistle (2013, California, $1M)
Healthy meals subscription
New Ground Ventures
TracxnLabs, Kunal Shah, Gaurav Bhalotia and 2
Other Investors

255
Online Ordering
48East (2016, Bangalore, $750k)
Internet-first restaurant offering Asian cuisine
Editor's Pick. Stage: Acqui-Hired
Al Dhaheri Capital Investment, ACPL Exports
Diet To Go (2005, Milano, $500k)
Internet first restaurant serving healthy meals for
weight loss
Innogest Capital, Digital Magics
HungerBox (2015, Bangalore, $311k)
Online marketplace to connect caterers with
companies
Srihari Kumar, Kris Gopalakrishnan, LionRock
Stage: Acquired
Online Ordering
PrestoFood (2013, Catania, $176k)
partnered resturants
BimBimGo (2015, Paris)
Internet first restaurant serving ready to eat meals
on-demand
Kima Ventures
Deliveras (2012, Athens)
Online platform for food ordering and delivery
Dish Dash (2016, Singapore)
restaurants
Online Ordering
FitTaste (2014, Trier)
Internet first kitchen delivering health focused
meals
Freigeist Capital
Gebni (2016, New York City)
Food ordering marketplace that offers dynamically
priced food items
NutriQuick (2015, Blessington)
Internet first restaurant serving ready to heat meals
Nybll (2015, Oakland)
Internet first restaurant focused on office catering
Prepped (2016, Langhorne)
Internet first restaurant delivering heat & eat meals

256
Online Ordering
Simply Prep Meals (2017, Coventry)
Internet first kitchen serving health focused meals
on subscription
SkipTheDishes (2013, Winnipeg)
On demand food delivery
Felicis Ventures, FJ Labs, Founder Collective and 3
Other Investors
Top Chef Meals (2010, Elmsford)
Internet first restaurant that ships refrigerated
meals
UberEATS (2014, Denver)
On demand food delivery
Online Ordering
Wetaca (2013, Madrid)
Internet first restaurant sending ready to heat
meals
Yumso (2016, Seattle)
Online marketplace to order chef prepared food
ZakaZaka (2013, Moscow)
restaurants
Stage: Acquired
Stage: Acquired
Kadima Group
Online Ordering
Stage: Acquired

257
Dine-Out
Unicorn. Stage: Series H
Ant Financial, Vy Capital, Temasek and 10 Other
Investors
Bookatable (2006, London, $62.8M)
Booking platform and marketplace for restaurants
Wellington Partners Venture Capital, Balderton
Capital, Kreos Capital
Recruit Holdings, Piton Capital, DN Capital and 11
Other Investors
Dine-Out
Expa, First Round Capital, Human Ventures and 24
Other Investors
Chope (2011, Singapore, $24.7M)
Minicorn. Stage: Series D
Square Peg Capital, CapitaLand, Moelis and 9 Other
Investors
Eatigo (2013, Bangkok, $15.5M)
App based restaurant booking service
TripAdvisor
Serena Capital, Partech Ventures, Otium
Dine-Out
Zagat, American Express, Benchmark Capital and 10
Other Investors
Magic Pin (2015, Delhi, $10M)
Cash back and deals at local restaurants
Trifecta Capital, WaterBridge Ventures, Sri Rajan
Qraved (2013, Jakarta, $9.3M)
Restaurant information and booking
Gobi Partners, 500 Startups, Toivo and 4 Other
Investors
SIKSIN (2013, Seoul, $9M)
Online platform to find restaurants based on
location

258
Dine-Out
Saama Capital, DSG Consumer Partners, Beenext
MangoPlate (2013, Seoul, $7.2M)
Food discovery app
Qualcomm Ventures, SoftBank Ventures Korea, YJ
Burpple (2011, Singapore, $6.8M)
Social food review platform
Tembusu Partners, Triumph Capital Management,
SPH Ventures and 4 Other Investors
Dine-Out
KK VESPER (2011, Tokyo, $3M)
Online platform to make restaurant reservations
SMBC Venture Capital, JAFCO
Bim (2014, Paris, $3M)
Online platform for restaurant discovery and table
booking
Frederic Mazzella, Yannick Bollore
Eat W.L.L (2013, Manama, $2.4M)
Tenmou
Offpeak.my (2014, Petaling Jaya, $800k)
Restaurant booking at discount
YJ Capital, Gobi Partners, Cradle and 1 Other
Investors
Dine-Out
Lozi.vn (2014, Ho Chi Minh City, $510k)
Social discovery platform for food and restaurant
Innovatube, Golden Gate Ventures, Vietnam Silicon
Valley
Tableapp (2013, Ampang, $78k)
Online reservation booking at restaurants
500 Startups, Kathrein Ventures, Crystal Horse
Investments
Foody (2012, Ho Chi Minh City)
Restaurant search services in Vietnam
Tiger Global Management, Garena, Pix Vine Capital

259
Dine-Out
Wongnai (2010, Bangkok)
Restaurant discovery and review website
InVent, Recruit Strategic Partners
Nommery (2014, San Francisco)
Online platform to book social dining events
Redtable (2011, Seoul)
Online platform to discover restaurants and order
food
East Gate Partners
Voolsy (2015, Ahmedabad)
Mobile platform for in restaurant ordering
Dine-Out
IPO Date Dec 2008 Mcap -
IPO Mcap -
TYO 2440 P/E -
Stage: Acquired
Chef Marketplaces
VizEat (2013, Paris, $5.6M)
Social dining platform to enable travellers to dine in
a local’s home
Eurovestech
La Belle Assiette (2012, Paris, $3.6M)
Online marketplace to book a chef to cook at home
Elior Group, Kima Ventures, Anya Capital
Dinneer (2015, Sao Paulo)
P2P Marketplace for hosting meals
Eldar Investments, ECS Capital Partners

260
Recipe Box
IPO Date Nov 2017 Mcap $2.2B
IPO Mcap -
- HFG P/E -
IPO Date Jun 2017 Mcap $392M
IPO Mcap $1.9B
NYSE APRN P/E -
Recipe Box
3 Other Investors
3 Other Investors
Recipe Box
Lightspeed Venture Partners, VMG Partners,
Collaborative Fund and 14 Other Investors
Gourmet Meals

261
Recipe Box
Marley Spoon (2014, Berlin, $27M)
Recipe and related grocery delivery
Kreos Capital, Lakestar, Point Nine Capital and 3
Other Investors
InvestEco Capital and 2 Other Investors
Green Chef (2014, Boulder, $15.5M)
Organic meal kit subscription
New Enterprise Associates, FJ Labs, Greenspring
Associates and 1 Other Investors
Recipe Box
Lerer Hippeau Ventures, Crosslink Capital,
Lightspeed Venture Partners and 7 Other Investors
Mitsui, AddVenture, Moscow Seed Fund
Quitoque (2012, Paris, $6M)
Online platform for ordering recipe kits
360 Capital Partners, ISAI Gestion, NCI
Maxfield Capital, Episode 1 Ventures, 500 Startups
Recipe Box
Crowdcube, Seedrs
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Chefy (2016, Tokyo)
Online platform that delivers prepped recipe kits
KLab Venture Partners, Yu Akasaka
Foodinthebox (2015, Espana)
Online platform for ordering recipe box

262
Recipe Box
Just Chopped (2016, Poznan)
Online platform to order meal kits for home
delivery
SpeedUp Venture Group
Purple Carrot (2014, Boston)
Windsail Capital Group, New Crop Capital, Stray
Dog Capital and 1 Other Investors
Smartmat (2012, Antwerp)
Online platform to order recipe box to prepare
meals
Korys
Recipe Box
UCOOK (2014, Cape Town)
Meal kit delivery service
Silvertree
Subscription based healthy snacks provider
Global Founders Capital, Neuberger Berman,
Kensington Capital Holdings and 8 Other Investors
OatBox (2014, Montreal, $1.2M)
Curated breakfast subscription service
Delicorner (2015, Paris)
Subscription based weekly snack delivery service
for offices
Food Memories (2016, Ahmedabad)
Online platform for ordering food products
Bhavesh Manglani, Suraj Saharan, Darshan
Upadhyay and 7 Other Investors

263
Catering
Feedr (2015, London)
Restaurant aggregator with a focus on office
catering
GoCater (2016, Berlin)
Online platform to order food for office catering
Kima Ventures
Excess Food
Karma (2015, Stockholm, $4.4M)
Deal platform offering discount on unsold food
from restaurants
eEquity, E.ventures, Norrsken Foundation and 5
Other Investors
Beverages
Alcoholic
Baker Capital, Chris Kitze, Runtide Capital
Online community platform for wine enthusiasts
Balderton Capital, Creandum, Seed Capital and 6
Other Investors
Lot18 (2010, New York City, $44.5M)
Membership based online retailer of wine
Accel Partners, FirstMark, New Enterprise
Associates

264
Beverages
Alcoholic
Drizly (2012, Boston, $34.8M)
On-demand alcohol delivery app
Polaris Partners, Suffolk Equity Partners, First
Beverage Group and 9 Other Investors
Winc (2011, Los Angeles, $30.6M)
Wine retailer
Bessemer Venture Partners, Guild Capital,
Wavemaker Partners and 8 Other Investors
WineShopper (2010, San Francisco, $30M)
Wine deals
Stage: Acquired
Amazon
Alcoholic
Saucey (2013, Los Angeles, $10.2M)
Bullpen Capital, Blumberg Capital, Structure Capital
Delectable (2011, San Diego, $10M)
Mobile platform for discover wines
Ceyuan Investment Consulting, Deep Fork Capital,
DN Capital and 5 Other Investors
Flaviar (2012, New York City, $8.8M)
Spirit Tasting Service, curated monthly sample
delivery
FJ Labs, Y Combinator, Speedinvest and 6 Other
Investors
Alcoholic
Minibar (2013, New York City, $6.8M)
Mobile-first On-Demand Alcohol Delivery
Corigin Ventures, Female Founders Fund,
Winklevoss Capital and 4 Other Investors
Craka Wines (2009, Surry Hills, $5M)
Online store and auction platform selling wine
Constant Innovation
Bright Cellars (2014, Boston, $2M)
Personalized wine subscription
CSA Partners, Gener8tor, N29 Capital Partners and
1 Other Investors

265
Beverages
Alcoholic
Hopsy (2015, Albany, $1.6M)
Online marketplace to search local breweries and
order beer
Ironfire Ventures, Berkeley Angel Network
The Wine Gallery (2014, Sydney, $500k)
Online retailer of wines
Boozebud (2012, Sydney)
Online marketplace to buy and sell alcohol
CMB Capital
Port2Port (2014, Cape Town)
Online marketplace for wines
Montegray Capital
Alcoholic
The Beer Exchange (2013, Charlotte)
Online craft beer marketplace for beer trading,
buying and cellar management
The Whisky Barrel (2007, Edinburgh)
Online retailer of whiskey and spirits
Tipple (2015, Melbourne)
On demand liquor delivery in 60 mins
Tipple Box (2014, Cupertino)
Marketplace for premium spirits, cocktail
ingredients, and recipes in UK
Kelvin Capital
Vinomofo (2011, Melbourne)
Online retailer of wines
Alcoholic
Stage: Acquired

266
Beverages
Non-alcoholic
DBS Bank, RB Investments, Accel Partners and 5
Other Investors
TGL Co (2016, Mumbai, $1M)
Online brand of luxury tea and tea blends
Beanhunter (2009, Melbourne, $500k)
Online platform to discover cafes and coffee shops
Startive Ventures
Kit & Coffee (2017, New York City)
Online platform to order DIY coffee kits
Non-alcoholic
Mygreens (2015, Delhi)
Online private label subscription based cold-
pressed juice
LetsVenture
Novel Foods
Food Substitutes
$366M)
Temasek, Open Philanthropy, Bill Gates and 9 Other
Investors
Khosla Ventures, Fall Line Capital, S2G Ventures
Tyson Foods, Cleveland Avenue, Seth Goldman and
17 Other Investors

267
Novel Foods
Food Substitutes
Perfect Day (2014, San Francisco, $26.7M)
Produces milk substitute through yeast
fermentation
Temasek, Horizons Ventures, Continental Grain and
6 Other Investors
Memphis Meats (2015, San Francisco, $22M)
Tyson Foods, DFJ, Bill Gates and 11 Other Investors
Cauli Rice (2015, London, $3.7M)
Rice substitute
Crowdcube
Food Substitutes
SuperMeat (2015, Tel Aviv, $3M)
Biotech company developing technology to produce
lab cultured meat
New Crop Capital, Stray Dog Capital, PHW Group
Willow Cup (2016, San Francisco, $2.9M)
Develops dairy free milk through cellular
agriculture
IndieBio, Hedgewood
Caulipower (2016, Studio City, $2M)
Brand and manufacturer of pizzas with crust made
from cauliflower
BFG Partners
Food Substitutes
Clara Foods (2014, San Francisco, $1.8M)
Develops egg white substitute synthesized in lab
SOSV, IndieBio, B37 Ventures and 1 Other Investors
Sunfed Limited (2015, Auckland, $1.2M)
Yellow pea based meat alternative
New Crop Capital, Stray Dog Capital
New Wave Foods (2015, San Francisco, $250k)
New Crop Capital, SOSV, IndieBio and 1 Other
Investors
Real Vegan Cheese (2014, San Francisco,
$37.4k)
Development and supply of cultured cheese

268
Novel Foods
Food Substitutes
Finless Foods (2017, New York City)
Using synthetic biology to culture fish meat
U-Start, Superjobs Venture Capital
TSG Consumer Partners
Bayn Europe (2009, Stockholm)
Manufacturer of sugar substitutes
Vinnova, Forsta Entreprenorsfonden
Northwood Ventures
Food Substitutes
MosaMeat (2016, Maastricht)
Developing technology to produce meat in
laboratory
The Not Company (2015, Santiago)
Manufactures plant-based mayo
The Vegg (2012, Stroudsburg)
Plant-based egg yolk replacement
based food
Stage: Acquired
substitute products
Stage: Acquired
Exponent Private Equity
Food Substitutes
certified
Stage: Acquired

269
Novel Foods
Meal Replacements
GV, Tao Capital Partners, Lerer Hippeau Ventures
Ample Meal (2015, San Francisco, $155k)
Nutritional drink that can act as a substitute for
meals
Indiegogo, 500 Startups, A-Force Ventures and 1
Other Investors
myDaily (2016, Mumbai)
Online retailer and manufacturer of meal
replacement product
Fortified Foods
Iconic (2011, New Orleans, $13.6M)
Protein drink derived from milk
KarpReilly, Bill Moses, Gunnar Lovelace and 3 Other
Investors
KeVita (2009, Oxnard, $13.5M)
Functional beverage company manufacturing
probiotic drink
KarpReilly, The Ecosystem Integrity Fund, SPK
truBrain (2013, Los Angeles, $750k)
Brain Nutrition Shipped Monthly
500 Startups, Brightstone Venture Capital
Insect Protein
Exo (2013, Brooklyn, $5.6M)
Manufactures protein Bars made from Cricket Flour
Dentsu Ventures, AccelFoods, Collaborative Fund
Bitty Foods (2013, San Francisco, $1.2M)
Insect based baking mixes and cookies
Arielle Zuckerberg, Ernströmgruppen AB
Hargol FoodTech (2014, Netanya, $600k)
Farming of edible insects
Sirius Venture Capital, Tel Aviv StartUp Challenge,
Agro Innovation Lab and 1 Other Investors
All Things Bugs (2011, Athens, $100k)
Manufactures milled whole cricket powder
Bill and Melinda Gates Foundation

270
Novel Foods
Insect Protein
Chirps Chips (2013, San Francisco, $70k)
Manufacturer and brand of snacks made with
cricket flour
Aspire Food Group (2013, Austin)
Producing and marketing insects based food as
alternative protein source
JC2 Ventures
C-fu Foods (2015, Toronto)
Manufacturer and retailer of insect based food
products
Chapul (2012, Salt Lake City)
Makes nutrition bars using cricket protein
Insect Protein
Entomo Farms (2013, Peterborough)
Insect flour and roasted insects
Hedgewood
Content
Content
Fexy (2014, Mercer Island, $22.3M)
Collection of digital food & lifestyle brands
Tritium Partners

271
Content
Multi Channel Networks
A video network for foodies
Goldman Sachs, Redpoint Ventures, Raine Group
SoftBank Group, Akatsuki_JP, United Internet and 9
Other Investors
Food Network (2009, New York City)
Informational platform to find recipes, chefs and
restaurants
Recipe Aggregators
Yummly (2009, Redwood City, $22.8M)
Personalized food and recipe recommendations
Bauer Venture Partners, Physic Ventures, Harrison
Metal and 3 Other Investors
Kitchen Stories (2013, Berlin, $1.8M)
Digital media resource for food recipes
Point Nine Capital, Bertelsmann Digital Media
Investments, Moritz Hohl and 4 Other Investors
Whisk (2009, Birmingham, $1.1M)
Whisk | Digital Shopping List | Shopping List Apps
Potential VC, Midven, Nate Macleitch and 1 Other
Investors
Recipe Aggregators
Stage: Acquired
The Cambria Group
Craftlog (2016, San Francisco)
Online platform to discover recipes
122 West Ventures
Kiwilimon (2009, Mexico City)
Online recipe sharing platform
IPO Date - Mcap -
IPO Mcap -
STO TASTE KV P/E -

272
Content
Recipe Aggregators
Myxx Recipes (2015, Raleigh)
Grocery shopping list building platform based on
the recipes
SparkRecipes (2006, Cincinnati)
Online platform to discover and share recipes
IPO Date Jul 2009 Mcap -
IPO Mcap -
TYO 2193 P/E -
Meal Planning
PlateJoy (2013, San Francisco, $1.7M)
Y Combinator, Foundation Capital, Sherpa Ventures
Myxx (2015, Raleigh, $400k)
Meal planning for consumers and marketing
solution for grocers
Cofounders Capital
Mealime (2013, Vancouver)
Online meal planning platform
That Clean Life (2014, Toronto)
Online platform for meal plannig
Momentum Machines (2009, San Francisco,
$18.4M)
Robot to cook, assemble and bag hamburgers
Khosla Ventures, K5 Ventures, GV and 5 Other
Investors

273
AME Cloud Ventures, Maveron, SignalFire and 3
Other Investors
June (2013, San Francisco, $29.5M)
Smart counter top oven
Amazon, Eclipse, Lumia Capital and 11 Other
Investors
Rotimatic (2008, Singapore, $16M)
Robotic flat bread maker for home kitchens
NSI Ventures, Robert Bosch Venture Capital,
SPRING Singapore and 2 Other Investors
Tovala (2015, Chicago, $14.6M)
Smart Appliance manufacturer and food
subscription service
Tyson Foods, Origin Ventures, Y Combinator and 15
Other Investors
Drop (2012, Dublin, $12M)
Smart scale for baking
Alsop Louie Partners, Ross Lewis, Domini Kemp
Wallflower (2013, Charleston, $3.5M)
Gas or electric stove monitor
Microsoft Ventures
Sous vide cooker
Stage: Acquired
Chefling (2016, Menlo Park, $1.2M)
Amazon Echo integrated smart kitchen application
Moley (2014, London, $1.1M)
Kitchen with robotic arms that cook autonomously
Seedrs
Sereneti Kitchen (2014, Atlanta, $150k)
Automated cooking robot for home
Genie (2010, Rishpon)
Meal preparation station for instant personalized
dishes
Gourmia (2015, Brooklyn)
Manufacturer and brand of smart kitchen appliance

274
Hello Egg (2016, Kyiv)
IoT-enabled device for kitchen assistance
Mellow (2013, Burlingame)
Smart cooking appliance
HardGamma Ventures, Tandem Capital, DSCN
Capital Partners
Vending and Dispensing
Coravin (2011, Burlington, $62.2M)
Wine pouring system without pulling the cork
Editor's Pick. Stage: Series C
Windham Venture Partners, Quadrille Capital,
Battery Ventures and 3 Other Investors
PicoBrew (2010, Seattle, $15.7M)
Craft brewery equipment manufacturer for home
company.
Plum (2014, San Francisco, $9M)
Wine pouring and preservation solution
Khosla Ventures, Las Olas
Byte (2015, San Rafael, $5.5M)
Offers healthy food options to employees through
refrigerated food dispenser
Bessemer Venture Partners, Bolt, Better Food
Vending and Dispensing
Bodega (2016, Oakland, $2.5M)
Vending machines with everyday essentials
First Round Capital, Homebrew, Moderne Ventures
Nutrigene (2016, Mountain View, $120k)
Manufactures consumer device to dispense vitamin
drink from pods
Y Combinator
Frshly (2013, Chennai)
Vending machines dispensing freshly prepared
meals
Servo Kiosk (2017, Istanbul)
IoT-enabled self servicing kiosk to buy food items
StartersHub

275
Food Analyzers
information
S2G Ventures
C2Sense (2013, Cambridge, $3.9M)
Gas sensing technology across the food value chain
Engine, Dream Incubator, Propel(x) and 5 Other
Investors
OlfaGuard (2016, Haifa, $400k)
Nano-tech sensors for identifying pathogens in food
Takwin Labs
ComplianceMate (2001, Lawrenceville)
Food safety, temperature monitoring and HACCP
compliance management
Food Analyzers
Spun (2015, Atlanta)
Nutrition tracking device connected with an app
Enterprise Solution
Restaurants
Investors
Tillster (2006, San Diego, $85.8M)
SaaS-based online ordering, marketing and
analytics solution for restaurant
AllegisCyber, Pinnacle Ventures

276
Enterprise Solution
Restaurants
Soonicorn. Stage: Funded
Great Hill Partners
Olo (2005, New York City, $53.8M)
SaaS-based online ordering solution for restaurant
Raine Group, Core Capital Partners, RRE Ventures
through tablets
Investors
Restaurants
restaurants
Catalyst Investors, Upfront Ventures, Daher Capital
analytics
POS for restaurants
Restaurants
Investors
Fishbowl (2000, Alexandria, $23M)
Marketing platform for restaurants
ORIX, Valhalla Partners, Edison Partners and 1
Other Investors
Restaurant365 (2011, Irvine, $20M)
ERP solution for restaurants.
Lavu iPad PoS (2010, Albuquerque, $15M)
iPad-based PoS system.
Aldrich Capital Partners, EPIC Venture Fund

277
Enterprise Solution
Restaurants
BlueRun Ventures, Columbia Partners, Focus
Renewal Funds
Mobikon (2008, Singapore, $12M)
Customer engagement and analytics platform for
restaurants
Sistema, Qualgro GP, Jungle Ventures and 5 Other
Investors
Restaurants
HotSchedules (1999, Austin, $6.8M)
Mobile & web-based scheduling
Western Alliance Bancorporation, TPG, Instawares
Holding and 2 Other Investors
Tandem Capital, Relay Ventures, Boost VC
Punchh (2010, Sunnyvale, $4M)
Mobile CRM and loyalty Software
Cervin Ventures, VKRM Services, Greenspan
Restaurants
SaaS-based POS and ordering solution for the
restaurant
Amino Capital
Bizimply (2011, Dublin, $2.3M)
Causeway Capital, 500 Startups, NDRC
APICBASE (2013, Antwerp, $795k)
Online SaaS-based back office kitchen management
solutions for restaurants
Ark Angels Activator Fund NV, Vlaamse Agentschap
Innoveren En Ondernemen (VLAIO)

278
Enterprise Solution
Restaurants
POSist (2011, Delhi, $490k)
SaaS based restaurant POS and management
software
LetsVenture, Hiraco Ventures, Singapore Angel
Network and 1 Other Investors
Delaget (1990, Golden, $400k)
Business Intelligence for restaurants
Torqus Systems (2012, Pune, $350k)
SaaS-based POS, customer engagement solution and
SCM solution for restaurants
Gronda (2015, Wattens, $125k)
Online networking platform for professionals of
F&B industry
karriere.at, Speedinvest, Howzat Partners and 2
Other Investors
Restaurants
Trackin (2014, San Jose, $120k)
Ordering managment and delivery tracking
software
Y Combinator
LimeTray (2013, Delhi)
Platform enabling web presence & marketing for
F&B industry
JSW Ventures, Matrix Partners India
Creating Revolutions (2013, Miami)
Online SaaS-based solutions for order management
Decision Logic (1998, Lincoln)
SaaS-based product for managing restaurant
operations
Restaurants
Dining Butler (2015, Singapore)
App based digital menu and POS solution for
resturants
Eaternity (2008, Zurich)
Software to measure carbon footprint of a meal
Venture Kick
IPO Date - Mcap -
IPO Mcap -
- - P/E -
ionhaccp (2016, Iselin)
Cloud-based food hygiene and safety management
solutions

279
Enterprise Solution
Restaurants
Omnivore (2014, Hayward)
Cloud solutions that offers API for restaurant POS
integration
IPO Date - Mcap -
IPO Mcap -
- - P/E -
UrbanPiper (2011, Bangalore)
Loyalty and rewards platform for brands,
merchants and businesses
Kumar Vembu, Axilor Ventures
IPO Date Jun 2004 Mcap $18.6M
IPO Mcap $18.6M
TSE PAY P/E -
Restaurants
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Process optimization software for food preparation
& delivery
IPO Date Dec 2016 Mcap $20.4M
IPO Mcap $25.2M
ASX DTS P/E -
Catering
The Food Corridor (2015, Colorado, $555k)
Online marketplace to connect food businesses with
under-utilized commercial kitchens
Rockies Venture Fund
FoodMeUp (2014, Paris, $513k)
Online management software for catering
professionals
NUMA

280
Enterprise Solution
AlcoBev
Weissbeerger (2009, Tel Aviv, $15M)
Business Intelligence for beverage industry
Israel Cleantech Ventures, Innovation Endeavors,
IAngels
SevenFifty (2011, New York City, $8.8M)
Platform connecting alcohol distributors and
buyers
Formation 8, Pritzker Group, Draft Ventures and 1
Other Investors
Barometer (2015, Mumbai)
SaaS platform for bars to manage their inventory
Orchestrated (1999, Beaverton)
SaaS-based enterprise solution for beverage
industry

Funded Deadpooled Companies
281
FoodTech > Appendix > Funded Deadpooled Companies
View all 1302 Deadpooled companies on Tracxn Platform
Funding Company Location
$89.8M Juicero San Francisco
$70M Rosana Belgorod
$56.4M Sprig San Francisco
$26M Maple New York City
$21.8M Exit41 Boston
$20M Ness Los Altos
$19.5M Kitchensurfing Brooklyn
$17.8M Take Eat Easy Brussels
$17.1M Teforia San Francisco
$14.7M Zipz Wine Santa Rosa
$13.7M Jacent Technologies Santa Clara
$13.5M SpoonRocket Berkeley
$9.1M Dinner Lab New Orleans
$7.5M Kitchit San Francisco
$5.5M Organic To Go Seattle
$4.6M Table8 San Francisco
$3.4M Yumist Gurgaon
$3M Din San Francisco
$2.7M Book2Eat London
$2.3M Fluc Menlo Park
$2.3M Adored Manchester
$2M ZuperMeal Mumbai
$1.8M Ordr New York City
$1.6M Ruffl Aomori
$1.6M Liveli San Francisco
$1.6M CityHawk London
$1.5M Abraresto Jakarta
$1.5M Bento Technology San Francisco
$1.5M Chef Nightly Boston
$1.4M Umi Kitchen Brooklyn
$1.3M Lecere Portland
$1.2M Integrated Ordering
Systems
Draper
$1M SpoonJoy Bangalore
$1M Kitchenbug Ramat Gan
$1M iTiffin Bangalore
$925k Posto New York City
$803k WineDemon Norwich
$700k Evoleen San Francisco
$625k gDine Chicago
$600k Munch Greenwood Village
$578k Staff Ranker Redondo Beach
$566k Sian's Plan Donegal
$538k BarEye Miami
$509k dinein.co.uk London
$500k Fresh Dish Santa Monica
$500k Foodbox London
$500k Bite Club Gurgaon
$430k Crunchbutton Los Angeles
$420k TasteAway Toronto
$411k Rehoba Training Provo
$375k Real Food Works Philadelphia
$350k Takokat Pasadena
$300k TasteSpace New York City
$250k Forkforce Madison
$250k Fritter Mooresville
$250k ServeAnywhere Orlando
$230k O DISH San Francisco
$225k Stamp.it London
$200k Firsteat Gurgaon
$200k Of Course Meals Cambridge
Index of Deadpooled companies in FoodTech

Pushpesh Dutt
Lead Analyst
Ayapilla Sai Prashant
Senior Analyst
Team
282
For research queries write to us at myanalyst@tracxn.com

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