Kitchen United, the growing provider of locations used by chains to serve off-premise customers, said on Thursday it has closed on a $40 million Series B funding round that promises to take its ghost kitchens to more locations, including New York City.
RXR Realty, one of New York’s largest real estate investors and developers, led the funding round along with GV, the venture capital arm of Alphabet. Funds managed by Fidelity Investments Canada ULC, DivcoWest and G Squared, along with existing investors and the company’s founders, also participated in the funding round. The investment follows a $10 million funding round last year.
The deal with RXR will open the door to New York, with Kitchen United centers opening in RXR and other properties in the area. Kitchen United is looking for “attractive properties” in major markets such as New York, Chicago, Los Angeles, San Francisco and Boston.
“We share Kitchen United’s vision of the future of the restaurant industry and believe the consumer shift toward off-premise dining is already having a huge impact on both residential
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