August 25, 2022
Byte Kitchen, a high tech restaurant startup, raised $6 million as it aims to bring food from independent restaurants to the masses through a single kitchen — its kitchen.
Why it matters: Startups with so-called ghost kitchens — professional cooking facilities designed with food deliveries in mind — have drawn increasing investor interest as a way to provide food service without the overhead costs of running a facility.
Driving the news: The seed raise, announced last week, was co-led by Crosslink Capital, Emergent Ventures and Lookout co-founder Kevin Mahaffey.
What’s next: The company plans to use the funds to continue digitizing the back end of its kitchens, building its teams, and bringing on more restaurant partners, CEO Divyang Arora tells Kimberly.
How it works: The San Mateo company’s storefronts, known as Noshery Food Halls, partner with several local restaurants and license their menus, recipes and brands.
State of play: Byte is one of a handful of ghost kitchen companies that have drawn investment dollars of late. Read rest here.