Kroger And Restaurant Brands Invest In Kitchen United

  • Kroger Co KR and Restaurant Brands International Inc QSR has become the new investors in Kitchen United, a ghost kitchen and restaurant hub.
  • Kitchen United raised a $100 million investment through a Series C fundraise.
  • Other investors included B. Riley Venture Capital, a subsidiary of B. Riley Financial RILYSimon SPGPhillips Edison & Co PECO, and The HAVI Group.
  • “Kitchen United uniquely sits at the intersection of technology, food, and real estate,” said Kitchen United CEO Michael Montagano.
  • Kitchen United currently has approximately 200 operational kitchens across 20 regions.
  • Kitchen United’s proprietary technology enables customers to order from multiple prepared food and consumer goods brands on the same ticket and with the same delivery driver.
  • Price Action: KR shares are trading lower by 0.35% at $46.06 on the last check Monday. QSR shares are trading lower by 1.11% at $51.52.
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