Tech Company Financing Transactions
Chewbox Funding Round
MaC Venture Capital and private investors joined a $1.3 million Seed funding round for Chewbox. The round was announced on 7/17/2022.
Transaction Overview
Company Name
Announced On
7/17/2022
Transaction Type
Venture Equity
Amount
$1,250,000
Round
Seed
Investors
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
FoodTech
Mailing Address
1950 E. 103rd St.
Los Angeles, CA 90002
USA
Los Angeles, CA 90002
USA
Phone
Website
Email Address
Overview
Chewbox is a venture-backed startup delivering a groundbreaking on-schedule software-as-a-service (SaaS) that enables food service companies and their customers to exponentially decrease the cost of manufacturing, distributing, and purchasing meals. Founded by tech entrepreneurs Kim Gaston and Solomon Acosta in 2020, and based in the South Central Los Angeles community of Watts, Chewbox works in partnership with world-class culinary minds to optimize food services with a software platform that works from purveyor to customer. The result is that high quality meals, and the gig and creator economies are more accessible. Our software helps F&B vendors, restaurateurs, and commissaries close the delta of supply and demand, minimizing waste, optimizing labor, and profit in ways that are simply impossible for on-demand food services. Our model enables meals that have a walk-in price of $15 at restaurants, and $25-30 on meal delivery sites to be made and delivered for $9.
Management Team
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Our team works diligently to document all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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