Munchery Valuation, Funding & Investors
Munchery is valued at $300M as of May 2015.
Last Munchery valuation
$300M
Series C · May 2015
Last Munchery funding round
$5M
Series A · Mar 2017
Cumulative funding Munchery raised
$122M
across 4 funding rounds
Key investors in Munchery
Menlo Ventures
ACME Capital
Shervin Pishevar
Headline
Greycroft
Justin Mateen
About Munchery
Munchery is a San Francisco-based meal delivery service offering chef-prepared dinners for same-day home or office drop-off. Menus rotate daily with options for vegetarians, low-carb diets, kids, and gluten-free eaters using seasonal ingredients. Available in select U.S. cities, it sources from local farms and top kitchens to provide family-style or single portions. Relaunched post-2022 acquisition, it focuses on fresh, ready-to-eat meals without subscriptions.
Founded
2011
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$300M (May 2015)
Munchery Valuation
Munchery is currently valued at $300M, based on its Series C in May 2015.
The $85M round was led by Menlo Ventures, with participation from Northgate Capital, ACME Capital, Greycroft, Shervin Pishevar, Mousse Partners and 1 other investor.
Munchery valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2015 | Series C | $300M |
Munchery Funding History
Munchery has raised a total of $122M across 4 funding rounds.
Munchery's first fundraising round was a $4M Series A in September 2013. The most recent completed round was a $5M Series A in March 2017.
Munchery funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2017 | Series A | ACME Capital (lead); Menlo Ventures (lead); Shervin Pishevar | $5M | - | - |
| May 2015 | Series C | Menlo Ventures (lead); Northgate Capital; ACME Capital; Greycroft; Shervin Pishevar; Mousse Partners; Headline | $85M | $300M | Munchery was a San Francisco-based on-demand prepared meal delivery startup founded in 2010, offering fresh, chef-prepared meals delivered to customers' homes. It competed in the challenging food delivery market, evolving from ready-to-eat meals to meal kits and subscription plans, and even opening a retail shop in a San Francisco BART station to attract commuters. This brought total funding to over $125 million across multiple rounds. The 2015 round was intended to fuel expansion of its meal delivery service beyond initial markets. Despite backing from prominent VCs like Menlo Ventures, e.ventures, Cota Capital, and M13, Munchery faced ongoing operational struggles in the competitive on-demand food delivery landscape. Munchery ultimately shut down abruptly in January 2019 after years of pivots, including 2017 layoffs and a recapitalization, unable to sustain growth amid sector pressures. Prior to closure, it had experimented with diverse recipes, community donations, and partnerships with renowned chefs but failed to achieve profitability or market dominance. |
| Apr 2014 | Series B | ACME Capital (lead); HONK; Menlo Ventures; Emagen Investment Group; Roy Choi; Justin Mateen; Shervin Pishevar; Signatures Capital; Jon Favreau; Headline | $28M | - | Munchery was a San Francisco-based on-demand food delivery startup founded in 2011 by Conrad Chu, Tri Tran, and Van Tran, offering microwavable dinners and meal kits in Western U.S. cities with the goal of simplifying healthy weeknight meals. The company raised a total of approximately $125 million across multiple rounds before shutting down in 2019 after struggling with customer acquisition and market fit. Investors included Greycroft, ACME Ventures (formerly Sherpa Capital), Menlo Ventures, e.Ventures, Cota Capital, M13, and others. A $28 million round was reported in April 2014, and investor list including ACME Capital as lead. Earlier, Munchery raised $4.21 million by late 2012, including a $3.3 million Series A led by e.Ventures with angels like Matt Mullenweg and Randi Zuckerberg, funding Bay Area expansion and preparations for L.A. launch. By 2012, it reported 25% month-over-month growth and 60,000 meals served. Later rounds included a Series B in 2014, Series C in May 2015 raising $87 million at a valuation reaching $300 million at one point, and an $85 million Series C valuing the company around $300 million. By March 2017, valuation dropped to $80 million amid a recapitalization via $15 million convertible note, wiping out some early stakes, followed by a 2019 shutdown and 2020 asset sale. |
| Sep 2013 | Series A | ACME Capital (lead); Menlo Ventures (lead); Tom Peterson; Shervin Pishevar; Eric Ries; Matt Mullenweg; Howard Behar; Headline | $4M | - | - |
Who has invested in Munchery?
17 investors have backed Munchery across its funding rounds, including Menlo Ventures, ACME Capital, Shervin Pishevar, Headline, Greycroft and Justin Mateen.
Lead investors include ACME Capital and Menlo Ventures.
Munchery Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Lead | Sep 2013 | |
| San Francisco, CA | 4 | Lead | Sep 2013 | |
| San Francisco, CA | 4 | Participant | Sep 2013 | |
| San Francisco, CA | 3 | Participant | Sep 2013 | |
 Toronto | 1 | Participant | Apr 2014 | |
| San Francisco, CA | 1 | Participant | May 2015 | |
| Los Angeles, CA | 1 | Participant | Apr 2014 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Tom Peterson | San Francisco, CA | 1 | Participant | Sep 2013 |
| Roy Choi | New York City, NY | 1 | Participant | Apr 2014 |
| New York City, NY | 1 | Participant | May 2015 | |
| United States | 1 | Participant | Apr 2014 | |
| Eric Ries | San Francisco, CA | 1 | Participant | Sep 2013 |
| Houston, TX | 1 | Participant | Sep 2013 | |
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Start Free TrialMunchery Competitors
Munchery competitors include listed companies like Socar and Aramis Group, and private ones like Slice, HUNGRY, Breadfast and Snackpass.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| New York City, NY | Private | - | - | $299M | - | |
| United States | Private | $15M | - | $270M | - | |
 Cairo | Private | $150M | - | $400M | - | |
| San Francisco, CA | Private | - | - | $400M | - | |
 South Korea | Publicly listed | $343M | $72M | $301M | - | |
 France | Publicly listed | $2.7B | $74M | $298M | 0.2x |
Munchery Public Comps
Munchery is still privately-owned, but its public comps include Socar, Aramis Group, Quick Co., ZIGExN, Fiverr, ThredUp, So-Young, Addcn Technology, One Career and Everyday Network Co..
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $343M | $72M | 1.5x | - | 7.0x | - | |||
| $2.7B | $74M | 0.2x | 0.2x | 6.1x | 10.7x | |||
| $218M | $41M | 1.0x | 1.0x | 5.4x | - | |||
| $188M | $38M | 1.3x | 1.2x | 6.4x | 4.8x | |||
| $431M | $13M | 0.2x | 0.2x | 5.2x | 1.0x | |||
| $311M | ($5M) | 1.0x | 0.9x | (59.2x) | 20.5x | |||
| $227M | ($32M) | 1.0x | 0.8x | (7.5x) | (11.9x) | |||
| $73M | $34M | 3.3x | 3.3x | 7.0x | 7.0x | |||
This data is available for Pro users. Sign up to see all Munchery competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Munchery
| When was Munchery founded? | Munchery was founded in 2011. |
| Where is Munchery headquartered? | Munchery is headquartered in San Francisco, CA, United States. |
| Is Munchery publicly listed? | No, Munchery is a private, VC-backed company. |
| What is Munchery's valuation? | Munchery was last valued at $300M in its Series C in May 2015. |
| How much funding has Munchery raised? | Munchery has raised $122M across 4 funding rounds. |
| What was Munchery's last funding round? | Munchery's last funding round was a $5M Series A in March 2017, led by ACME Capital and Menlo Ventures. |
| Who are Munchery's investors? | Munchery's investors include Menlo Ventures, ACME Capital, Shervin Pishevar, Headline, HONK, Northgate Capital, Emagen Investment Group, Tom Peterson, Roy Choi, Greycroft and 7 others. |
| Which companies are comparable to Munchery? | Companies comparable to Munchery include Slice, HUNGRY, Breadfast, Snackpass, Socar and Aramis Group. |
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