ChefHero secures $12.6m in Series A funding

25th April 2018 (Last Updated April 25th, 2018 16:01)

ChefHero, a digital marketplace for restaurants, has received $12.6m in Series A funding led by Accomplice.co.

ChefHero secures $12.6m in Series A funding
ChefHero’s digital platform. Credit: ChefHero.

ChefHero, a digital marketplace for restaurants, has received $12.6m in Series A funding led by Accomplice.co.

The company will leverage the investment to grow its business and expand its footprint in select cities across North America.

Golden Venture Partners, Math Ventures and Precursor Ventures are the other investors who participated in the funding.

Golden Venture Partners spokesperson Ameet Shah said: “Restaurateurs have long been relegated to ordering supplies through late-night voicemails and manually comparing pricing.

“It’s smart technology with global appeal that fills a niche in a booming industry.”

“ChefHero digitises the buying and selling process on both the restaurant and supplier side to help save everyone time and money. It’s smart technology with global appeal that fills a niche in a booming industry.”

Apart from this, the company also plans to provide transparency in pricing on its platform by offering access to several establishments and vendors to enhance the way of business for local suppliers and restaurant owners.

Established in 2017, ChefHero currently serves caterers, restaurants, food trucks, coffee shops, pubs and bars to order food produce in bulk.

Companies such as StrangeLove, Flock Rotisserie and Paramount Fine Foods are using ChefHero to order food items including bread, meat, seafood, dairy products and kitchen supplies.

The company also caters the needs of small and mid-sized suppliers by providing access to hundreds of potential customers on its platform.