- Companies
- FreshRealm
FreshRealm Funding, Investors & Competitors
FreshRealm has raised $247M across 4 funding rounds, most recently a $200M undisclosed-stage round in July 2022.
Last FreshRealm funding round
$200M
Undisclosed stage · Jul 2022
Cumulative funding FreshRealm raised
$247M
across 4 funding rounds
About FreshRealm
FreshRealm is a U.S.-based fresh food platform using temperature-controlled reusable vessels and cloud technology for B2B2C distribution. Headquartered in New Jersey, it delivers chef-prepared meals nationwide, minimizing preservatives and waste while addressing food deserts. Launched in 2020, it partners with retailers and brands for gifting and subscription services.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
FreshRealm Funding History
FreshRealm has raised a total of $247M across 4 funding rounds.
FreshRealm's first fundraising round was a $10M Series A in May 2014. The most recent completed round was a $200M undisclosed-stage round in July 2022.
FreshRealm funding rounds
| Date | Stage | Raised | Deal Summary |
|---|---|---|---|
| Jul 2022 | Undisclosed stage | $200M | FreshRealm, a Ventura-based provider of meal kits and packaged fresh food to national retailers, announced a $200 million funding round on July 20, 2022, described as the largest in the tri-county region that year and led by an undisclosed premier global cornerstone institutional investor. The capital is intended to fuel accelerated growth in a $30 billion market opportunity, including expanding operations, innovating its meal pipeline, and strengthening its supply chain amid inflation and economic uncertainty. This brings the company's total funding to over $300 million. A prior separation agreement with Calavo Growers required FreshRealm to repay debt upon a success event valuing the company above $100 million, with payments scaling to $10 million for $100-230 million valuation, $20 million for $230-380 million, and $34 million above $380 million; FreshRealm had already repaid Calavo before this round. FreshRealm's platform offers end-to-end capabilities across the meal development value chain, enabling speed, scale, innovation, and strong economics in a channel-agnostic model transforming the food industry. The company operates from locations including Lancaster, Texas, focusing on high-quality food delivery everywhere. Earlier, FreshRealm closed a $32 million capital raise in July 2021. |
| May 2021 | Undisclosed stage | $32M | FreshRealm is a leading fresh meals solution provider specializing in ready-to-heat, ready-to-cook meals, and meal kits produced in facilities for national retail grocery distribution. The company focuses on hyper-local, just-in-time production to deliver fresh meal destinations in partnership with retailers, emphasizing product innovation and operational efficiency. The company operated production facilities in locations like Georgia, Indiana, New Jersey, and Southern California, serving thousands of retail locations and direct-to-consumer channels. Around May 2021, FreshRealm closed a $32 million capital raise from accredited institutional investors, announced on July 12, 2021, with Craig-Hallum as placement agent. Funds were allocated to expand facilities for national coverage, enhance production capabilities for regional delivery, and broaden the product pipeline with on-trend fresh meals. This supported strategic growth following key milestones like assembling a team of global fresh meal experts. FreshRealm's earlier agreements referenced potential valuation thresholds, such as repayments to Calavo Growers triggered at $100 million or higher in success events, but these were prior separation terms with no current involvement by Calavo. Subsequent developments included a $200 million funding round in July 2022, the largest in its region that year, bringing total funding over $300 million, used for facility expansion, culinary innovation, and supply chain technology. This positioned FreshRealm in the growing fresh prepared meals market amid competition from meal kits and frozen goods. |
| May 2021 | Seed | $5M | FreshRealm, a provider of fresh ready-to-cook, ready-to-heat, and low-prep meal kits to national retailers, closed a $32 million funding round in July 2021 to scale production capabilities and establish a regional just-in-time production and delivery system. The company partners with retailers across about 10,000 locations and serves over a million direct-to-consumer customers annually. FreshRealm originated as a subsidiary of Calavo Growers in 2013 and separated in February 2021 after Calavo wrote off its investment. In July 2022, FreshRealm raised $200 million led by a global institutional investor to expand operations, innovate its meal pipeline, strengthen supply chains, and pursue growth in the $30 billion retail fresh meals market. |
| May 2014 | Series A | $10M | - |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialFreshRealm Competitors
FreshRealm competitors include listed companies like Shopify and GoDaddy, and private ones like Flipdish, THG Ingenuity, Automattic and Houzz.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.3B | - | ||
| Publicly listed | $12B | $1.2B | $165B | 11.3x | ||
| Private | - | - | $8B | - | ||
| Private | $45M | - | $7.5B | - | ||
| Private | - | - | $4B | - | ||
| Publicly listed | $5B | $1.3B | $12B | 2.9x |
FreshRealm Public Comps
FreshRealm is still privately-owned, but its public comps include Coca-Cola, Nestlé, PepsiCo, Shopify, AB InBev, Uber, Unilever, Monster Beverage, Prosus and DoorDash.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $48B | $18B | 8.5x | 8.3x | 22.8x | 24.1x | |||
| $109B | $19B | 2.9x | 2.8x | 16.2x | 14.4x | |||
| $94B | $16B | 2.4x | 2.3x | 14.5x | 11.8x | |||
| $12B | $1.2B | 13.9x | 11.3x | 132.9x | 61.9x | |||
| $59B | $20B | 3.9x | 3.6x | 11.7x | 10.0x | |||
| $52B | $6.2B | 3.0x | 2.8x | 24.9x | 14.6x | |||
| $58B | $12B | 2.9x | 2.8x | 13.6x | 12.4x | |||
| $8.3B | $2.5B | 10.1x | 9.0x | 33.3x | 28.9x | |||
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Common questions about FreshRealm
| When was FreshRealm founded? | FreshRealm was founded in 2013. |
| Where is FreshRealm headquartered? | FreshRealm is headquartered in Los Angeles, CA, United States. |
| Is FreshRealm publicly listed? | No, FreshRealm is a private company. |
| How much funding has FreshRealm raised? | FreshRealm has raised $247M across 4 funding rounds. |
| What was FreshRealm's last funding round? | FreshRealm's last funding round was a $200M undisclosed-stage round in July 2022. |
| Which companies are comparable to FreshRealm? | Companies comparable to FreshRealm include Flipdish, Shopify, THG Ingenuity, Automattic, Houzz and GoDaddy. |
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