In many places, it can be difficult to get good food that’s good for you, especially if you’re busy or on a budget. Everytable believes that shouldn’t be the case, and is dedicated to ensuring that everyone has access to delicious and nutritious food. The company makes things super easy with delivery and in-store options, including same-day delivery for those in a hurry. Now, with an additional $55 million in funding, Everytable plans to expand, which you can read more about below.
Everytable, a mission-driven food company fighting for food justice by making fresh, nutritious food accessible and affordable for all, today announced the closing of a $55 million Series C funding round. The round was led by Creadev, Desert Bloom Food Ventures and Gullspång Re:food, each of which seeks to support healthier and more sustainable food systems.
Joining Creadev, Desert Bloom Food Ventures and Gullspång Re:food in the round are Kaiser Permanente Ventures, Kimbal Musk, The Beacon Fund, Brener International Group, Lerer Hippeau Ventures and The Libra Foundation.
Everytable will use the investment to accelerate omnichannel growth throughout Southern California, the Bay Area, and New York City by building new stores, expanding its subscription delivery service, and growing its retail business. food services. Everytable has made an immense impact in underserved communities, growing to 32 total stores, including 20 stores open in 2022 alone, and is on track to end the year with 54 total locations. In 2021, the company expanded beyond the Los Angeles metropolitan area into Orange County and San Diego County. This spring, Everytable launched its e-commerce delivery service in the Bay Area with plans to open storefronts in the Bay Area in 2023. To drive brand expansion beyond Southern California, Everytable also opened its the first three locations in New York this spring, with three more stores scheduled to open later in the year.
“We believe that access to affordable and nutritious food is a human right,” said Sam Polk, CEO and founder of Everytable. “With the support of new and existing investors, we can continue to transform America’s food system and create a more just and equitable society by providing access to fresh food for all.”
Everytable is a disruptive food concept with meal prices based on median income for each zip code and fresh, flavorful meals prepared from scratch in a central commissary kitchen. The unique business model dramatically reduces the costs of standard restaurant operations, making meals affordable for all.
“Everytable is addressing challenges in our food system on multiple fronts. Its growth incentivizes a healthier and more nutritious food supply chain, while the combination of commissary, meal delivery and optimized ready-to-eat storefronts challenge traditionally high operating costs in the restaurant industry,” said Gustaf Brandberg, general partner of Gullspång Re. :food.
“It has been exciting to watch Sam and the team at Everytable execute on their mission as they scale and serve new communities,” said Delphine Descamps, CEO of Creadev US. “We are proud to support their innovative programs and growth. together with like-minded investors.”
“Reshaping food systems to make a lasting impact on community health is at the core of our mission,” said Hans Taparia, co-founder of Desert Bloom. “Everytable’s growth and commitment to building an equitable food system, while making food affordable and delicious, is inspiring.”
In addition to market expansion, Everytable’s innovative Social Equity Franchise Program fosters economic empowerment among entrepreneurs in underserved communities by providing a clear and supported path to business ownership. Serving as a model approach to franchising, a system largely devoid of diversity and representation by people of color and women, the program provides critical access to capital for qualified graduates, plus in-depth hands-on training to empower and prepare minority entrepreneurs to operate. Everytable restaurants in their own communities. With a combination of $6 million in program-related investments and grants from sponsors including the Annenberg Foundation, California Wellness Foundation, Dignity Health, Irvine Foundation, Kroger Foundation, Libra Foundation, Salesforce Foundation, Tarsadia and the WK Kellogg Foundation, Everytable aims to franchise 60 locations over the next three years.
Founded in 2016, Everytable is a mission-driven food company that fights for food justice and equality by providing healthy, nutritious food that is accessible and affordable to all. Today, Everytable is a multi-channel fresh and ready-to-eat food business that combines storefronts, subscriptions and SmartFridges stocked from a central kitchen with meals at neighborhood prices. To date, Everytable has sold more than 10 million meals. For more information, visit www.everytable.com.
Creadev is an evergreen investment firm operating worldwide, controlled by the Mulliez family, founders of one of the world’s largest Business to Consumer retail platforms. Creadev is committed to long-term collaboration with innovative, passionate and human-driven entrepreneurs who are focused on creating widespread access to essential goods and services such as healthcare, sustainable consumption and food. Headquartered in Paris with offices in New York, Shanghai and Nairobi, Creadev invests in companies well positioned to scale and become world leaders in their respective sectors. Launched in 2002, Creadev has invested more than $2 billion in stage companies ranging from venture capital to growth capital and acquisition. More at www.creadev.com.
About the desert flower
Desert Bloom is a next generation food vehicle that invests in and supports dynamic companies that are reshaping our food system for better access, health and sustainability. It seeks to support companies that are on a mission to compete with and replace established food brands that have been at the root of America’s health and climate crisis. For more information, visit www.desertbloomfoods.com.
About Gullspång Re:food
Gullspång Re:food is an investment company based in Stockholm and San Francisco, originating from the Swedish family office Gullspång Invest. Our mission is to solve food system challenges for future generations through four themes: healthy diets, alternative proteins and fats, regenerative agriculture, and sustainable supply chains. Our investment philosophy is based on systems thinking, leverage points and planetary boundaries outlined in our Food is Solvable report. In addition to Everytable, Gullspång Re:food supports Oatly, N!CK’S, Mission Barns, Planted, Allplants and around ten other companies accelerating positive paradigm shifts in the food system through a perennial structure that enables long-term investments .
About Kaiser Permanente companies
Kaiser Permanente Ventures, founded in 1998 with more than 70 investments to date, is one of the most successful strategic corporate venture investment programs in the healthcare industry. The KP Ventures team draws on the assets and capabilities of Kaiser Permanente’s $93 billion Integrated Delivery System to support innovative companies. KP Ventures plays an important role in transforming American Healthcare by improving health outcomes, enhancing the consumer experience, and driving affordability while delivering a highly competitive return on our investments. For more information, see www.kpventures.com.
The original press release can be found on PR Newswire.
Spencer Hulse is a newsroom editor for the Grit Daily News. He covers startup, affiliate, viral, and marketing news.