NEWS & VIEWS

Global private equity and venture capital news and research

Union Square, Spark back $15m Kitchensurfing Series B round

1 Apr 2014

chef cooking restaurantUnion Square Ventures and Spark Capital have backed a $15m Series B financing round for chef community marketplace Kitchensurfing.

Tiger Global Management led the round for Kitchensurfing, which launched just over a year ago to provide restaurant-quality dining in their own home.

The company has raised $18.7m in total funding including prior investment from prominent angels including Founder Collective, Dave Tisch, David Karp, and Brian Sharples.

Kitchensurfing CEO Chris Muscarella said, “Kitchensurfing is the way for talented chefs to build their businesses without the traditional overhead costs that cause so many restaurant and food businesses to fail.

‘Through our community, chefs from around the world are able to earn more while bringing greater passion to their work by connecting directly with our diners.

“Our collective economic future has more individuals running businesses—and great technology platforms enable those opportunities. We’re bringing that capability to one of the largest and most talented labor pools in the world that just so happens to create an experience that everyone loves – eating.”

Tiger Global partner Lee Fixel added, “Kitchensurfing is changing the way people eat by making the world’s best food accessible and independent of restaurant and catering industry markups.

“We’re excited to support Kitchensurfing’s rapid growth as it transforms the economics of an imbalanced market where a chef’s reputation can be built on a restaurant’s brand name as opposed to individual service and trusted customer reviews.”

Copyright © 2014 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014