FinTechFunding

Food Rocket: Raises $25M in Series A Funding

Food Rocket Raises $25M in Series A Funding

  • Food Rocket, a Palo Alto, CA-based grocery delivery startup, raised $25m in Series A funding
  • The round was led by Alimentation Couche-Tard Inc., through its Circle K Venture Fund
  • The company intends to use the funds to expand the service in Chicago and other cities throughout the U.S as well as enhance its AI-enabled software and the team.
  • FoodRocket provides fast grocery delivery, promising door-to-door delivery within 10-15 minutes of the order’s placement
  • Earlier this year, the startup launched delivery operations in Chicago
  • FoodRocket continues to be one of the few startups offering full-time employment to all of its riders
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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