Hungryroot: Raises $40M in Series C Funding

Hungryroot: Raises $40M in Series C Funding

• Hungryroot, a New York-based grocery service company, raised $40M in Series C funding
• The round was led by the Growth Fund of L Catterton
• Led by Founder and CEO Ben McKean, The company is a an AI-powered personalized grocery service which leverages predictive and automatic deliveries
• The company uses machine learning and predictive modeling technologies to build customers’ carts for them with groceries and recipes that best meet their needs and objectives
• The company has been profitable since the beginning of 2020 and is on track to achieve $175 million of revenue this year
• The company is forecasting over $300 million of revenue in 2022