Better-For-You Everytable Concept Raises $55 Million

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Everytable, a mission-driven food company fighting for food justice by making fresh, nutritious food accessible and affordable for everyone, announced Thursday that it has closed a $55 million Series C funding round. The round was led by Creadev, Desert Bloom Food Ventures and Gullspång Re:food, each of which seeks to support healthier and more sustainable food systems.

Kaiser Permanente Ventures, Kimbal Musk, The Beacon Fund, Brener International Group, Lerer Hippeau Ventures and The Libra Foundation join Creadev, Desert Bloom Food Ventures and Gullspång Re:food.

Everytable will use this investment to accelerate omnichannel growth in Southern California, the Bay Area and New York City by building new stores, expanding its subscription delivery service and increasing its restaurant business. Everytable has had an immense impact on underserved communities, reaching 32 total storefronts, including 20 stores opened in 2022 alone and is on track to end the year with 54 total locations. In 2021, the company expanded beyond the greater Los Angeles area into Orange County and San Diego County. This spring, Everytable launched its e-commerce delivery service in the Bay Area with plans to open storefronts in the market in 2023. Continuing the brand’s expansion beyond Southern California, Everytable also opened its first three New York locations this spring, along with three more stores. scheduled to open by the end of the year.

“We believe access to affordable, nutritious food is a human right,” says Sam Polk, CEO and Founder of Everytable. “With the support of new and existing investors, we can continue to transform America’s food system and create a more just and equitable society by providing access to fresh food for all.”

Everytable is a disruptive food concept with meals priced according to each postcode’s median income, and fresh, tasty meals prepared from scratch in a central police station kitchen. The unique business model dramatically reduces the costs of standard restaurant operations, making it possible to provide meals at an affordable price for everyone.

“Everytable is addressing our food system challenges on multiple fronts. Their growth is driving a healthier, more nutritious food supply chain, while the combination of streamlined retail, meal delivery and ready-to-eat storefronts challenges the traditionally high operating costs in the catering industry,” says Gustaf Brandberg, General Partner at Gullspång Re:food.

“It was a pleasure to watch Sam and the team at Everytable execute on their mission as they evolve and serve new communities,” said Delphine Descamps, US General Manager of Creadev. “We are proud to support their innovative programs and their growth alongside like-minded investors.”

“Rethinking food systems to have a lasting impact on community health is at the heart of our mission,” says Hans Taparia, co-founder of Desert Bloom. “Everytable’s growth and commitment to building a fair food system, while making delicious and affordable food, is inspiring.”

In addition to market expansion, Everytable’s innovative social equity franchise program promotes the economic empowerment of entrepreneurs in marginalized communities by providing a clear and supported path to business ownership. Serving as a model approach to franchising, a system largely devoid of diversity and representation by people of color and women, the program provides critical access to capital for qualified graduates as well as in-depth practical training to empower and prepare minority entrepreneurs to operate Everytable Restaurants in their own communities.

With a total of $6 million in program-related investments and grants from funders including the Annenberg Foundation, California Wellness Foundation, Dignity Health, Irvine Foundation, Kroger Foundation, Libra Foundation, Salesforce Foundation , the Tarsadia Foundation and the WK Kellogg Foundation, Everytable aims to cross 60 locations in the next three years.

The news and information presented in this press release have not been corroborated by RSQFood News Media or Journalistic, Inc.

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