Total amount raised
$33.1 Millions
Latest funding date
02/01/2023
Location
Title
Zerocater has successfully raised significant funding over multiple rounds, positioning itself as a key player in the corporate catering and cafeteria solutions market. The company offers personalized dining experiences tailored to the unique needs of businesses.
Keep reading to delve into the details of Zerocater's funding journey and the investors who are supporting this innovative platform.
What Is Zerocater?
Zerocater, founded in 2009 in San Francisco, specializes in personalized corporate catering and cafeteria solutions. The company was established by Arram Sabeti and has grown significantly since its inception.
With a focus on high-quality food and waste reduction, Zerocater offers curated daily meals and fully-managed onsite dining experiences. They serve over 500 companies across 12 cities, including New York, Los Angeles, and Chicago.
Currently, Zerocater employs a dedicated team of over 200 professionals, ensuring a seamless dining experience for businesses of all sizes.
How Much Funding Has Zerocater Raised?
- Series C Round
- Amount Raised: $15 million
- Date: February 16, 2023
- Lead Investors: Cleveland Avenue LLC, Remus Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Geographic expansion to 10 cities in the U.S. and Canada, enhancement of AI and analytics capabilities, and development of "digital cafeteria" services.
- Series B Round
- Amount Raised: $12 million
- Date: May 1, 2018
- Lead Investors: Cleveland Avenue LLC, Romulus Capital, Struck Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand office snacks and catering services to new markets, targeting Fortune 500 companies and becoming the single food provider for companies of all sizes.
- Series A Round
- Amount Raised: $4.1 million
- Date: August 17, 2016
- Lead Investors: Romulus Capital, Struck Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth in existing markets and invest in further product development and engineering.
- Seed Round
- Amount Raised: $1.5 million
- Date: August 10, 2011
- Lead Investors: Keith Rabois, Paul Buchheit, Vaizra International, Yuri Milner & Felix Shpilman, SV Angel, Start Fund, Stewart Alsop, Justin Kan, Emmett Shear, Othman Laraki, Gabor Cselle, Mark Friedgan, Alexander Goldstein, Starling Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand services beyond the San Francisco Bay Area, targeting New York City as the next market.
Total Amount Raised: $32.6 million
Current Valuation: Not publicly disclosed
Key Investors
- Cleveland Avenue LLC
- Details: Cleveland Avenue LLC is a private equity and venture capital firm that accelerates and strategically invests in innovative restaurant, food, and beverage concepts and emerging brands. It was founded by Don Thompson, former CEO of McDonald's.
- Investment Focus Areas: Food and beverage, restaurant concepts, emerging brands
- Notable Investments: Beyond Meat, Farmer's Fridge, Poppilu
- Romulus Capital
- Details: Romulus Capital is a venture capital firm that invests in early-stage technology companies. It was founded by Krishna K. Gupta, who also serves as the Managing Partner.
- Investment Focus Areas: Technology, marketplaces, food tech
- Notable Investments: eLaCarte, EquipmentShare, Classpass
- Struck Capital
- Details: Struck Capital is a venture capital firm that invests in early-stage technology companies. The firm focuses on disruptive technologies and innovative business models.
- Investment Focus Areas: Technology, innovation, early-stage startups
- Notable Investments: Postmates, Latch, Mythical Games
- Keith Rabois
- Details: Keith Rabois is a well-known venture capitalist and entrepreneur, currently a General Partner at Founders Fund. He has a history of successful investments in technology startups.
- Investment Focus Areas: Technology startups, early-stage companies, internet services
- Notable Investments: Square, LinkedIn, Yelp
- Paul Buchheit
- Details: Paul Buchheit is the creator of Gmail and a partner at Y Combinator. He is known for his contributions to the tech industry and his role in supporting early-stage startups.
- Investment Focus Areas: Technology, internet services, early-stage startups
- Notable Investments: Y Combinator startups
What's Next for Zerocater?
As Zerocater looks to the future, the opportunities are vast. The company is poised to expand its geographical footprint to 10 new cities across the U.S. and Canada, tapping into the $182 billion corporate cafeteria and catering market. Enhancing its "FoodIQ" platform with AI and analytics will allow Zerocater to offer even more personalized and efficient food services, meeting the growing demand for flexible in-office food solutions.
Future fundraising opportunities seem promising, with potential for additional rounds to support further expansion and technological advancements. However, challenges such as competition from other food delivery startups and adapting to hybrid work environments remain. Managing logistics and ensuring profitability while scaling operations will be crucial for Zerocater's continued success.
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