Investors Gain an Appetite for Food & Grocery Startups

“The proposition is simple, it’s very clear, it’s very compelling… Press a button and get fresh fast food. I want to live in that world.” That’s Simon Rothman, the Greylock partner who recently led Sprig’s Series A round with a $10 million investment. “The bet is big because the opportunity is big,” Rothman explained to PandoDaily. Other investors are hungry to carve out a slice of the market as well. In the first quarter of 2014, investors poured over $200 million into food, grocery, and delivery startups. This quarter marks a five-year high for investments in the industry as VCs scout out the next GrubHub and Munchery.

Mattermark crunched the numbers for all food, grocery, and delivery startups that have yet to raise a Series A round and found the following five ripe for investment:

  • Teabox delivers the world’s freshest teas, expertly chosen and delivered direct from origin to a customer’s doorstep worldwide. Mattermark Momentum Score: 1358.
  • Pact sells fresh coffee that’s hand-roasted in London and shipped within seven days. Mattermark Momentum Score: 1169.
  • DoorDash is an on-demand local delivery service that enables restaurants to deliver in an affordable and convenient way. Mattermark Momentum Score: 958.
  • Withlocals connects travelers with locals for unique, cultural dining experiences. Mattermark Momentum Score: 770.
  • Gousto provides you with all the ingredients in the right proportions to cook organic, fresh, and seasonal meals at home in the UK. Mattermark Momentum Score: 754.

There are more than enough food, grocery, and delivery startups to fill up your plate. Subscribers interested in populating the remainder of this list, or in searching for companies in different stages of funding, should log in to www.mattermark.com and select “Food & Beverages” from the “Advanced” filter at the top of the screen. Compare startups in your dashboard by simply typing in the company name; press “Done” and we’ll deliver the information to your computer, fast and fresh.

© Mattermark 2017. Sources: Mattermark Research, Crunchbase, AngelList.
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