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

All Day Kitchens Overview

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

United StatesSan Francisco, CA

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

All Day Kitchens funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2021Series CLightspeed 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$65MAll 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 2020Series BFounders Fund (lead); Keith Rabois (lead); Tet Ventures; Tony Xu; Khosla Ventures; Andreessen Horowitz; Eric Wu; Base10 Partners$20MAll 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 2019Series AAndreessen 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

Investors in All Day Kitchens by funding rounds participated
InvestorHQRoundsRoleFirst check
Andreessen HorowitzUnited StatesSan Francisco, CA3LeadJun 2019
Base10 PartnersUnited StatesSan Francisco, CA3LeadJun 2019
Khosla VenturesUnited StatesSan Francisco, CA2ParticipantAug 2020
Founders FundUnited StatesSan Francisco, CA2LeadAug 2020
Michael StoppelmanUnited StatesLos Angeles, CA1ParticipantJun 2019
Adrian AounUnited StatesSan Francisco, CA1ParticipantOct 2021
Andre CharooUnited StatesSan Francisco, CA1ParticipantJun 2019
Sebastian MejiaUnited StatesNew York City, NY1ParticipantJun 2019
Tet VenturesGermanyGermany1ParticipantAug 2020
GICSingaporeSingapore1ParticipantOct 2021
Tony XuUnited StatesUnited States1ParticipantAug 2020
Wayne TingUnited StatesSan Francisco, CA1ParticipantOct 2021
Kyle LuiUnited StatesSan Francisco, CA1ParticipantJun 2019

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All 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.

Public and private companies comparable to All Day Kitchens
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WangjiahuanChinaShenzhenPrivate--$928M-
Panda SelectedChinaBeijingPrivate--$300M-
McDonald'sUnited StatesUnited StatesPublicly listed$27B$15B$176B8.2x
StarbucksUnited StatesUnited StatesPublicly listed$37B$4.7B$110B3.4x
Compass GroupUnited KingdomUnited KingdomPublicly listed$46B$4B$53B1.2x
ChipotleUnited StatesUnited StatesPublicly listed$12B$2.3B$42B3.7x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
McDonald's$27B$15B8.5x8.2x15.7x15.0x
Starbucks$37B$4.7B3.5x3.4x27.4x22.0x
Compass Group$46B$4B1.3x1.2x15.3x11.9x
Chipotle$12B$2.3B4.0x3.7x20.5x20.4x
Yum Brands$8.2B$2.8B5.9x5.6x17.2x16.3x
Restaurant Brands International$9.4B$2.5B4.5x4.3x17.0x13.6x
Restaurant Brands International LP$9.4B$2.5B4.2x-16.1x-
Darden Restaurants$13B$2.1B2.2x2.2x13.8x13.5x

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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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