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- All Day Kitchens
All Day Kitchens Funding, Investors & Competitors
All Day Kitchens has raised $100M across 3 funding rounds, most recently a $65M Series C in October 2021.
Last All Day Kitchens funding round
$65M
Series C · Oct 2021
Cumulative funding All Day Kitchens raised
$100M
across 3 funding rounds
Key investors in All Day Kitchens
Andreessen Horowitz
Base10 Partners
Khosla Ventures
Founders Fund
Lightspeed Venture Partners
GIC
Ballistic Ventures
Reshape Ventures
About All Day Kitchens
All Day Kitchens is a provider of delivery-optimized ghost kitchens that enable restaurants to expand coverage areas with low upfront costs through centralized cooking facilities and proprietary technology. The company operates multiple locations in major U.S. cities to support food delivery platforms like DoorDash and Uber Eats.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
All Day Kitchens Funding History
All Day Kitchens has raised a total of $100M across 3 funding rounds.
All Day Kitchens' first fundraising round was a $15M Series A in June 2019. The most recent completed round was a $65M Series C in October 2021.
All Day Kitchens funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2021 | Series C | Lightspeed Venture Partners (lead); Adrian Aoun; GIC; Wayne Ting; Khosla Ventures; Andreessen Horowitz; Ballistic Ventures; Founders Fund; Tishman Speyer; Base10 Partners; Ilya Abyzov; Reference Capital SA | $65M | All Day Kitchens, founded in 2018 by Uber Eats alumni Ken Chong and Matt Sawchuk, operates as a San Francisco-based food tech and logistics company building a distributed restaurant platform. It partners with local restaurants to expand their delivery and pick-up reach through satellite kitchens, enabling brands to scale without traditional expansion costs. The platform supports multi-restaurant orders and maximizes digital delivery demand in new neighborhoods. On October 1, 2021, All Day Kitchens raised $65 million in a Series C round led by Lightspeed Venture Partners, with participation from GIC, Andreessen Horowitz, Founders Fund, Khosla Ventures, Base10 Partners, Tishman Speyer, Wayne Ting, Adrian Aoun, and Ilya Abyzov. This brought total funding to $102.5 million across four rounds. Lightspeed's Alex Taussig joined the board as Director, with Jeremy Kranz as Observer. Proceeds were allocated to market expansion, R&D, and hiring. The company had previously raised in Seed (2018), Series A (2019), and Series B (2020) rounds. Restaurant partners like Chicago's Home of Chicken & Waffles reported increased brand reach and financial growth through All Day Kitchens' locations. Lightspeed highlighted All Day Kitchens' innovative solution for restaurant scaling in a delivery-first world. |
| Aug 2020 | Series B | Founders Fund (lead); Keith Rabois (lead); Tet Ventures; Tony Xu; Khosla Ventures; Andreessen Horowitz; Eric Wu; Base10 Partners | $20M | All Day Kitchens, formerly Virtual Kitchen Co., is a San Francisco-based company founded in 2018 by former Uber executives Ken Chong and Matt Sawchuck. It provides restaurants with a network of closely located satellite kitchens to facilitate takeout and delivery expansion with minimal upfront investment. The company rebranded and announced a $20 million Series B funding round led by Founders Fund, with participation from DoorDash CEO Tony Xu, Khosla Ventures, Opendoor CEO Eric Wu, and existing investors Andreessen Horowitz and Base10 Partners; Keith Rabois joined the board. At the time of the round, All Day Kitchens operated 10 satellite kitchens in the Bay Area and had four of eight planned locations running in Chicago, with intentions to expand further in California and to Texas. The company offers culinary consulting services led by chefs from high-profile restaurants like Chez Panisse and The French Laundry, partnering with local independents such as ROOH and Demera, as well as fast-casual brands like Devil Dawgs and Cheesie’s. All Day Kitchens positions itself as a distributed restaurant platform providing a turnkey solution for restaurant growth amid a transforming trillion-dollar-plus market that includes delivery, packaged goods, grocery, and convenience items. The headcount approached 50 employees during this period. |
| Jun 2019 | Series A | Andreessen Horowitz (lead); Base10 Partners (lead); Michael Stoppelman; Andre Charoo; Sebastian Mejia; Kyle Lui; JD Ross; Reshape Ventures; Quiet Capital | $15M | - |
Who has invested in All Day Kitchens?
23 investors have backed All Day Kitchens across its funding rounds, including Andreessen Horowitz, Base10 Partners, Khosla Ventures, Founders Fund, Lightspeed Venture Partners and GIC.
Lead investors include Lightspeed Venture Partners, Founders Fund, Keith Rabois, Andreessen Horowitz and Base10 Partners.
All Day Kitchens Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2019 | ||
| 3 | Lead | Jun 2019 | ||
| 2 | Participant | Aug 2020 | ||
| 2 | Lead | Aug 2020 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Jun 2019 | ||
This data is available for Pro users. Sign up to see all 23 All Day Kitchens investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAll Day Kitchens Competitors
All Day Kitchens competitors include listed companies like McDonald's, Starbucks, Compass Group and Chipotle, and private ones like Wangjiahuan and Panda Selected.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $928M | - | ||
| Private | - | - | $300M | - | ||
| Publicly listed | $27B | $15B | $176B | 8.2x | ||
| Publicly listed | $37B | $4.7B | $110B | 3.4x | ||
| Publicly listed | $46B | $4B | $53B | 1.2x | ||
| Publicly listed | $12B | $2.3B | $42B | 3.7x |
All Day Kitchens Public Comps
All Day Kitchens is still privately-owned, but its public comps include McDonald's, Starbucks, Compass Group, Chipotle, Yum Brands, Restaurant Brands International, Restaurant Brands International LP, Darden Restaurants, Aramark and Yum China.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $27B | $15B | 8.5x | 8.2x | 15.7x | 15.0x | |||
| $37B | $4.7B | 3.5x | 3.4x | 27.4x | 22.0x | |||
| $46B | $4B | 1.3x | 1.2x | 15.3x | 11.9x | |||
| $12B | $2.3B | 4.0x | 3.7x | 20.5x | 20.4x | |||
| $8.2B | $2.8B | 5.9x | 5.6x | 17.2x | 16.3x | |||
| $9.4B | $2.5B | 4.5x | 4.3x | 17.0x | 13.6x | |||
| $9.4B | $2.5B | 4.2x | - | 16.1x | - | |||
| $13B | $2.1B | 2.2x | 2.2x | 13.8x | 13.5x | |||
This data is available for Pro users. Sign up to see all All Day Kitchens competitors and their valuation data. Start Free Trial | ||||||||
Common questions about All Day Kitchens
| When was All Day Kitchens founded? | All Day Kitchens was founded in 2018. |
| Where is All Day Kitchens headquartered? | All Day Kitchens is headquartered in San Francisco, CA, United States. |
| Is All Day Kitchens publicly listed? | No, All Day Kitchens is a private, VC-backed company. |
| How much funding has All Day Kitchens raised? | All Day Kitchens has raised $100M across 3 funding rounds. |
| What was All Day Kitchens' last funding round? | All Day Kitchens' last funding round was a $65M Series C in October 2021, led by Lightspeed Venture Partners. |
| Who are All Day Kitchens' investors? | All Day Kitchens' investors include Andreessen Horowitz, Base10 Partners, Khosla Ventures, Founders Fund, Michael Stoppelman, Adrian Aoun, Andre Charoo, Sebastian Mejia, Tet Ventures, GIC and 13 others. |
| Which companies are comparable to All Day Kitchens? | Companies comparable to All Day Kitchens include Wangjiahuan, Panda Selected, McDonald's, Starbucks, Compass Group and Chipotle. |
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