Hungry — founded by Eman Pahlavani, Shy Pahlevani, and Jeff Grass — is adding more heavy-hitter investors to its roster.
According to a press release shared with AfroTech, the innovative food-tech marketplace is now valued at $270 million after raising more than $60 million in seed funding since launching.
What’s more, the company’s latest $10 million Series C1 funding round included investments from pro athletes such as Houston Texans’ Laremy Tunsil, Portland Trail Blazers’ Anfernee Simons, Seattle Seahawks’ Bobby Wagner, Baltimore Ravens’ Roquan Smith, and recurring donor Robert G. Hisaoka, from RGH Capital.
Other investors included Sands Capital Ventures, Motley Fool Ventures, Evolution VC Partners, GP Ventures as well as Chef Tom Colicchio, Chef Ming Tsai, Dan Simons, Eric Kessler.
“Since participating as a seed investor to HUNGRY in 2016, I’ve been extremely impressed with the company’s ability to expand rapidly and disrupt the food space,” said Hisaoka in a press statement. “I am excited to invest and lead HUNGRY’s C1 funding and look forward to the growth that’s to come.”
As previously reported by AfroTech, Hungry was listed among Inc. Magazine’s list of fastest-growing private companies thanks to backing from investors like Jay-Z’s Marcy Venture Partners, and more.
The rest of its star-studded investor roster includes Usher, Kevin Hart, Studio Management, Stonewall Robb Investments, Ndamukong Suh, Bread and Butter Ventures, Ames Watson, LLC, and a host of others.
“We’re proud that our work at HUNGRY has attracted the attention of big-time investors and leading venture funds,” said Grass, who also serves as Hungry’s CEO. “We’re equally proud of the work we do to give back to the communities we serve, which also will benefit from this capital. The funding enables HUNGRY to expand our new Carbon Neutral Delivery initiative, aimed at fully offsetting the carbon footprint of our catering deliveries by planting mangrove forests in the Philippines.”
Capital from the latest C1 funding round will be used to further Hungry’s growth and help them to reach full operational profitability.
Following its 2017 inception, Hungry has expanded to 13 major cities across North America. Additionally, the company acquired NatureBox, a better-for-you snacks brand.