Total amount raised
$33 Millions
Latest funding date
10/01/2018
Location
Goldbelly has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform specializes in delivering gourmet food and food gifts nationwide, offering a unique culinary experience.
Keep reading to explore the intricacies of Goldbelly's fundraising journey and the investors backing this innovative platform.
What Is Goldbelly?
Goldbelly, founded in 2013, is an online marketplace that connects people with gourmet food from across the United States. The company focuses on delivering iconic and regional foods from renowned chefs and restaurants to customers nationwide.
Based in New York City, Goldbelly was founded by Joe Ariel, Vanessa Torrivilla, and Trevor Stow. The platform offers a unique culinary experience by shipping gourmet food, meal kits, and food gifts nationwide.
With a team of over 100 employees, Goldbelly continues to grow, bringing the best of America's culinary delights to food enthusiasts everywhere.
How Much Funding Has Goldbelly Raised?
- Seed Funding Round
- Amount Raised: $3 million
- Date: September 17, 2013
- Lead Investors: Intel Capital
- Other Participants: Y Combinator, 500 Startups, Dave McClure, Tim Draper, ACE & Company, FundersClub
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Goldbelly's operations nationwide and democratize the gourmet food industry.
- Series B Funding Round
- Amount Raised: $20 million
- Date: October 9, 2018
- Lead Investors: Enlightened Hospitality Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and marketing efforts.
Total Amount Raised: $23 million. Current Valuation: Not publicly disclosed.
Key Investors
- Enlightened Hospitality Investments
- Details: Led by Danny Meyer, this $200 million seed fund focuses on innovative growth companies. Meyer is also the founder of Shake Shack and Union Square Hospitality Group.
- Investment Focus Areas: Hospitality, food and beverage, employee-centric companies.
- Notable Investments: Salt & Straw, Joe’s Coffee Company, Resy.
- Intel Capital
- Details: The venture capital arm of Intel Corporation, Intel Capital invests in technology startups worldwide. It aims to foster innovation and drive growth in the tech industry.
- Investment Focus Areas: AI, cloud computing, cybersecurity.
- Notable Investments: Cloudera, Vuzix, MongoDB.
- 500 Startups
- Details: A global venture capital firm and startup accelerator, 500 Startups has invested in over 2,400 companies across 77 countries. It supports early-stage companies with funding and mentorship.
- Investment Focus Areas: Fintech, Healthtech, Edtech.
- Notable Investments: Credit Karma, Canva, Udemy.
- Y Combinator
- Details: Y Combinator is a renowned startup accelerator that has helped launch over 2,000 companies. It provides seed funding, advice, and connections to early-stage startups.
- Investment Focus Areas: Technology, consumer products, healthcare.
- Notable Investments: Airbnb, Dropbox, Stripe.
- 645 Ventures
- Details: A venture capital firm that invests in early-stage companies, 645 Ventures focuses on high-growth sectors. It aims to support startups with strategic guidance and capital.
- Investment Focus Areas: Technology, software, consumer products.
- Notable Investments: Not publicly disclosed.
What's Next for Goldbelly?
Goldbelly stands at the cusp of a significant opportunity to expand its operations and marketing efforts, leveraging the $20 million Series B funding led by Enlightened Hospitality Investments. The growing demand for authentic regional foods and the rise of e-commerce present a fertile ground for Goldbelly to scale its business and reach a broader audience.
Future fundraising rounds are likely as the company continues to grow, with potential support from existing investors like Intel Capital and 500 Startups. However, challenges such as maintaining food quality during delivery and competition from other food delivery services could pose hurdles. Strategic partnerships and enhanced logistics will be crucial for navigating these challenges and sustaining growth.
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