Local Kitchens Overview
- Year Founded
-
2020
- Status
-
Acquired/Merged
- Employees
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156
- Latest Deal Type
-
M&A
Local Kitchens General Information
Description
Operator of a restaurant platform intended to bring local restaurants under one roof. The company provides a micro food hall that lets customers mix and match their favorite local restaurants from a single kitchen in one easy order and local kitchens offer pickup and delivery in one location, facilitating the digitalization of the restaurant industry while providing quality food options to every neighborhood, enabling families and friends to enjoy various cuisines at the same time by ordering from multiple menus all on the same check.
Contact Information
Website
www.localkitchens.com(Operating Subsidiary)
Corporate Office
- 440 North Barranca Avenue
- Suite 2049
- Covina, CA 91723
- United States
Corporate Office
- 440 North Barranca Avenue
- Suite 2049
- Covina, CA 91723
- United States
Local Kitchens Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Merger/Acquisition | Completed | Generating Revenue | ||||
| 4. Early Stage VC (Series B) | 25-Jun-2024 | Completed | Generating Revenue | |||
| 3. Debt - General | 01-Jan-2022 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series A) | 28-Jun-2021 | $25M | $28M | Completed | Generating Revenue | |
| 1. Seed Round | $3M | $3M | Completed | Generating Revenue |
Local Kitchens Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A | ||||||||
| Series A-2 | ||||||||
| Series A-1 | 133,422 | $0.000010 | $0.75 | $0.75 | 1x | $0.75 | 0.38% |
Local Kitchens Comparisons
Industry
Financing
Details
Local Kitchens Competitors (7)
One of Local Kitchens’s 7 competitors is DailyMealz, a Venture Capital-Backed company based in Riyadh, Saudi Arabia.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| DailyMealz | Venture Capital-Backed | Riyadh, Saudi Arabia | ||||
| Wonder Group (Restaurants, Hotels and Leisure) | Venture Capital-Backed | New York, NY | ||||
| Favor | Formerly VC-backed | Austin, TX | ||||
| Kitchen Hub | Venture Capital-Backed | Canada | ||||
| Rebel Foods | Venture Capital-Backed | Mumbai, India |
Local Kitchens Signals
Local Kitchens Former Investors (10)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Angel (individual) | Minority | |||
| Fifth Wall | Venture Capital | Minority | ||
| General Catalyst | Venture Capital | Minority | ||
| Human Capital | Venture Capital | Minority | ||
| Angel (individual) | Minority |
Local Kitchens FAQs
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When was Local Kitchens founded?
Local Kitchens was founded in 2020.
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Where is Local Kitchens headquartered?
Local Kitchens is headquartered in Covina, CA.
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What is the size of Local Kitchens?
Local Kitchens has 156 total employees.
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What industry is Local Kitchens in?
Local Kitchens’s primary industry is Other Restaurants, Hotels and Leisure.
-
Is Local Kitchens a private or public company?
Local Kitchens is a Private company.
-
What is Local Kitchens’s current revenue?
The current revenue for Local Kitchens is .
-
How much funding has Local Kitchens raised over time?
Local Kitchens has raised $68M.
-
Who are Local Kitchens’s investors?
, Fifth Wall, General Catalyst, Human Capital, and are 5 of 10 investors who have invested in Local Kitchens.
-
Who are Local Kitchens’s competitors?
DailyMealz, Wonder Group (Restaurants, Hotels and Leisure), Favor, Kitchen Hub, and Rebel Foods are some of the 7 competitors of Local Kitchens.
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