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October 11, 2018

Kettlebell Kitchen secures Series B funding

Meal delivery service company Kettlebell Kitchen has secured a $26.7m Series B growth equity funding led by private equity firm North Castle Partners.

Meal delivery service company Kettlebell Kitchen has secured a $26.7m Series B growth equity funding led by private equity firm North Castle Partners.

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Established in 2013, Kettlebell Kitchen offers prepared meals and custom meal plans to a wide range of gym partners through convenient pick-up locations and direct-to-door delivery services across the US.

The meal delivery firm assists customers to achieve their fitness, nutrition, sports performance and weight loss goals.

The company will use the funding to support its growth and enhance customer experiences through additional meal plans.

“We believe North Castle’s vast network across the weight loss, nutrition and fitness industries will be an invaluable resource.”

Kettlebell Kitchen’s president and co-founder Greg Grossman said: “We look forward to leveraging the firm’s knowledge, experience and strong network of nutrition and fitness industry experts on our mission to functionally enhance our customers’ lives through high-quality, goal-focused meal plans and nutrition.

“We believe North Castle’s vast network across the weight loss, nutrition and fitness industries will be an invaluable resource as we continue our rapid growth trajectory.

“It has been a pleasure working with the North Castle team thus far, and we are excited for an incredible partnership.”

Consumer and retail investment bank Consensus Advisors served as the investment banker for the deal, while The Giannuzzi Group provided legal counsel to Kettlebell Kitchen. Morrison Cohen acted as legal counsel to North Castle Partners.

Kettlebell Kitchen calculates and recommends meal plans to customers by leveraging customer demographics, activity and dietary preference information. The company launched its delivery service across the US last year and opened a facility in Los Angeles, California.

Free Report
img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

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