US-based robotic-powered restaurant Spyce has raised $21m from a group led by Collaborative Fund and Maveron to expand its business.
Other investors that participated in the financing round include Khosla Ventures, along with chefs Thomas Keller, Jerome Bocuse, and Gavin Kaysen, and culinary director Daniel Boulud.
The restaurant chain will use the Series A funding to expand its presence by opening more restaurants on the East Coast, as well as further develop its robotic culinary platform. The restaurant chain also plans to double its team over the next year.
Spyce CEO and cofounder Michael Farid said: “We’re excited to open more restaurants and further develop our concept and technology to continue establishing our brand within the food community.
“Just as on day one, we remain singularly focused on delivering an unbelievable meal and experience each time someone visits Spyce.”
Spyce was established by four MIT graduates in collaboration with chef Daniel Boulud in 2015.
It features a robotic kitchen to prepare and offer a range of meal choices including vegetarian, pescatarian, gluten-free and vegan options to customers.
Maveron co-founder and partner Dan Levitan said: “Spyce has utilised an incredibly thoughtful approach in how they provide consumers with a stellar experience.
“Michael, Kale, Luke, and Brady are the kind of founders we’re proud to back; people who can lead with humanity and put the customer first, all while leveraging technology to solve big problems.
“Paying fast-food prices for high-quality meals is revolutionary and we think consumers will gravitate towards their craveable, exciting meals.”