food

Chowly is raising $5.8 million to help restaurants manage on-demand delivery orders

Chowly, a point-of-sale system for restaurants, has raised nearly $4.7 million, according to an SEC filing. The company is targeting a total raise of $5.8 million. The round is led by MATH Venture Partners with participation from Valor Equity, Chicago Ventures, Hyde Park Venture Partners and others. Chowly had previously raised just $700,000 from MATH Venture Partners, Domenick Montanile and others. Chowly aims to help restaurants better manage the influx of delivery orders they receive from a variety of services, such as Grubhub, Delivery.com and Chownow. In May, Square launched a point-of-sale system for restaurants that integrates on-demand delivery platform Caviar. Down the road, Square said it envisions third-party applications from companies like Postmates, UberEats and DoorDash.

A new $124 million for Brazil’s Movile proves that investors still see promise in Latin American tech

Brazil’s macroeconomic picture may be gloomy, but technology investors still see hope in the nation’s burgeoning technology sector — and a recent $124 million financing for the mobile conglomerate Movile is the latest proof that that the pace of investment isn’t slowing down. Brazil was already the hottest spot for technology investment throughout Latin America — with Sao Paulo drawing in the majority of the record-breaking $1 billion in financing that the region’s startups attracted in 2017. And with this latest funding for Movile, led by Naspers, that trend looks likely to continue. Indeed, Naspers investments in Movile (supplemented by co-investors like Innova, which participated in the most recent round) have been one of the driving forces sustaining the Brazilian startup community. In...

Instacart hires its first chief communications officer, Dani Dudeck

Instacart, the grocery delivery platform valued at $4.2 billion, has today announced that it has hired its first Chief Communications Officer in Dani Dudeck. Dudeck has been in the communications world for the past 15 years, serving as VP of Global Communications at MySpace for four years and moving to Zynga as CCO in 2010. At Zynga, Dudeck oversaw corporate and consumer reputation of the brand before and after its IPO, helping the company through both tremendous periods of growth and a rapidly changing mobile gaming landscape. Dudeck joins Instacart at an equally interesting time for the company. Though Instacart is showing no signs of slowing down — the company recently raised $200 million in funding — the industry as a whole is seeing growing interest from incumbents and behem...

Hydrate, intoxicate, caffeinate, repeat: Meet the startups pouring the future

Joanna Glasner Contributor More posts by this contributor VCs serve up a large helping of cash to startups disrupting food US startups off to a strong M&A run in 2018 These days, it seems like everyone with extra cash has some kind of pricey drinking habit. It might be fine wine, craft beer or cocktails. Or it could come in the form of coconut water, cold-pressed juice or the latest frothy caffeinated concoction. No matter what your preference, startups and their backers likely have you covered. In a follow-up to our story earlier this month about food startups gobbling up venture funding, Crunchbase News is taking a look at beverage companies guzzling capital. We found that while drinkables receive a smaller portion of funding than edibles, it’s still a sector that draws hundreds of m...

Sarah Sanders Kicked Out of Virginia Restaurant Over Work for Trump 

LISTEN TO ARTICLE SHARE THIS ARTICLE As tempers flare over immigration and other policies, it’s getting harder for top Trump administration officials to get a good meal anywhere near Washington D.C. White House Press Secretary Sarah Huckabee Sanders says she and her family members were ousted from a Lexington, Virginia, restaurant Friday night by an owner who wanted her to leave because she works for President Donald Trump. Sanders confirmed the incident on Twitter after a waiter posted about it on social media. “Her actions say far more about her than about me,” she tweeted about the owner of the Red Hen restaurant. “I always do my best to treat people, including those I disagree with, respectfully and will continue to do so.” The incident comes days after protesters assailed Homeland Sec...

VCs serve up a large helping of cash to startups disrupting food

Joanna Glasner Contributor More posts by this contributor US startups off to a strong M&A run in 2018 Scaling startups are setting up secondary hubs in these cities Here is what your daily menu might look like if recently funded startups have their way. You’ll start the day with a nice, lightly caffeinated cup of cheese tea. Chase away your hangover with a cold bottle of liver-boosting supplement. Then slice up a few strawberries, fresh-picked from the corner shipping container. Lunch is full of options. Perhaps a tuna sandwich made with a plant-based, tuna-free fish. Or, if you’re feeling more carnivorous, grab a grilled chicken breast fresh from the lab that cultured its cells, while crunching on a side of mushroom chips. And for extra protein, how about a brownie? Dinner might be a ...

Deliveroo fattens its market presence by opening to restaurants that do deliveries

Restaurant food delivery startup Deliveroo is taking the next logical step to expand its business by opening up to restaurants that have their own delivery fleets — thereby also expanding the food choices it can offer its couch-loving users. Next month the company will launch the new service, called Marketplace+, in seven of its markets — onboarding restaurants that do their own food deliveries to its platform, and offering them the ability to tap into Deliveroo’s network of riders to extend their delivery services and support faster delivery times if they choose (it says restaurants will be able to “choose for themselves how best to offer delivery” but the impact on, for example, existing delivery fleet staff employed by larger food chains remains to be seen). Commenting on the launch in ...

The Latest on Guatemala’s Deadly Volcano Eruption

El Rodeo, Guatemala (AP) — The Latest on the deadly volcano eruption in Guatemala (all times local): 9:40 a.m. Rescuers have found the bodies of several more victims of an eruption at Guatemala’s Volcano of Fire, and emergency workers have pulled 10 people still alive from ash drifts and mud flows. The official death toll stood at 25 Monday morning, but Associated Press journalists saw several more burned and ash-covered bodies being unloaded after they were dug out in the village of El Rodeo. Disaster agency chief Sergio Cabanas says rescuers using helicopters have rescued 10 people from areas hit by thick ash, mud or lava. ___ 8:30 a.m. In the Guatemalan village of El Rodeo, heavily armed soldiers wearing blue masks to ward off the dust are standing guard over a community hit...

Munchery shuts down operations in LA, New York and Seattle

Munchery, the on-demand food delivery startup, has shut down its operations in Los Angeles, New York and Seattle, the company announced on its blog today. That means the teams from those cities are also being let go. In total, 257 people (about 30 percent of workforce) were let go, according to a Munchery spokesperson. “We recognize the impact this will have on the members of our team in those regions,” Munchery CEO James Beriker wrote on the company blog. “Our teams in each city have built their businesses from scratch and worked tirelessly to serve our customers and their communities. I am grateful for their unwavering commitment to Munchery’s mission and success. I truly wish that the outcome would have been different.” With LA, New York and Seattle off the table, Munchery says it’s goi...

How did Thumbtack win the on-demand services market?

Earlier today, the services marketplace Thumbtack held a small conference for 300 of its best gig economy workers at an event space in San Francisco. For the nearly ten-year-old company the event was designed to introduce some new features and a redesign of its brand that had softly launched earlier in the week. On hand, in addition to the services professionals who’d paid their way from locations across the U.S. were the company’s top executives. It’s the latest step in the long journey that Thumbtack took to become one of the last companies standing with a consumer facing marketplace for services. Back in 2008, as the global financial crisis was only just beginning to tear at the fabric of the U.S. economy, entrepreneurs at companies like Thumbtack andTaskRabbit were already hard at work...

From dorm room to Starbucks, Rip Van Wafels is bringing Euro-inspired snack to the masses

Rip Pruisken waffled in college (we got that pun safely out of the way for now). He was a student in the Ivy League at Brown University, and had focused on academics for much of his life. His parents were physicists, and “I thought I would study some sort of cookie-cutter path of studying something that I would use post-college,” he explained. “I didn’t really consider entrepreneurship to be a viable option because I was still in that frame of mind.“ It was during a study trip to Italy that he had an epiphany. He was inside an Italian bookstore looking through business books when he suddenly realized that he had discovered a new passion. “If you can build stuff at a profit, you can build more stuff, and how cool is that? That was my aha moment,” he said. Being an entrepreneur was one thing...

Square acquires corporate catering startup Zesty

Square has acquired elements of corporate catering startup Zesty . Square, which already owns on-demand food delivery service Caviar, plans to use Zesty’s assets to strengthen Caviar’s corporate ordering business, Caviar for Teams. Neither company disclosed financial terms of the deal, but the plan is for Caviar and Zesty to operate independently in the short term. “Restaurants turn to Caviar to reach more diners and grow their businesses,” Square Caviar Lead Gokul Rajaram said in a press release. “Expanding our corporate catering product with Zesty enables us to offer our restaurant partners another way to boost sales through higher-margin, large-format catering orders,” said Rajaram, Caviar Lead at Square. “Caviar is thriving, and we’re excited to supercharge its success with Zesty and d...