Everytable, a Vernon-based company that provides fresh, ready-to-eat meals through storefronts and subscription services, recently announced the closing of a $55 million Series C funding round.
Everytable says it’s working to make food readily available that’s both nutritious and affordable. It accomplishes this through a disruptive food concept: meals are produced through a central commissary kitchen and priced according to the median income of a delivery area’s ZIP code.
The company says its unique business model reduces the costs of standard restaurant operations, allowing meals to be priced affordably for everyone. As of August, the company says it has sold more than 10 million meals.
“We believe access to affordable and nutritious food is a human right,” said Sam Polk, CEO and founder of Everytable. “With the support of new and existing investors, we can continue transforming America’s food system and creating a more just and equitable society by providing access to fresh food to everyone.”
The price of meals available through Everytable typically range from $6 to $8 each, according to the company’s website.
The company has partnership programs with Kaiser Permanente, Project Roomkey, BuzzFeed, Dollar Shave Club, and Santa Monica College.
Everytable will use the investment to accelerate engagement-based growth throughout Southern California, the Bay Area, and New York City by building new stores, expanding its subscription delivery service, and increasing its food service business. Everytable now has 32 storefronts in total, including 20 stores opened in 2022 to date.
The Series C funding round was led by Creadev, Desert Bloom Food Ventures and Gullspång Re:food. To date, the company has raised just over $87 million in total.
