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- Snap Kitchen
Snap Kitchen Funding, Investors & Competitors
Snap Kitchen has raised $154M across 5 funding rounds, most recently a $118M undisclosed-stage round in May 2017.
Last Snap Kitchen funding round
$118M
Undisclosed stage · May 2017
Cumulative funding Snap Kitchen raised
$154M
across 5 funding rounds
Key investors in Snap Kitchen
L Catterton
Bradley Radoff
About Snap Kitchen
Snap Kitchen is a meal delivery service offering chef-prepared, portion-controlled meals and juices. Austin-based and launched in 2010, it sources fresh ingredients for nutritionally balanced options like grilled salmon bowls and vegan chilis, available via stores and nationwide shipping. Snap Kitchen emphasizes cold-pressed juices and snacks free from added sugars, catering to keto, paleo, and clean eating diets.
Founded
2010
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Snap Kitchen Funding History
Snap Kitchen has raised a total of $154M across 5 funding rounds.
Snap Kitchen's first fundraising round was a undisclosed-stage round in September 2013. The most recent completed round was a $118M undisclosed-stage round in May 2017.
Snap Kitchen funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2017 | Undisclosed stage | - | $118M | Snap Kitchen, operated by Fitness Food Holdings Inc., is an Austin, Texas-based chain specializing in healthful takeaway prepared meals, founded in 2010 with 41 locations across Illinois, Pennsylvania, and Texas by 2016. The concept emphasizes gluten-free, vegetarian, vegan, paleo, dairy-free, low-carb, and low-sodium packaged food options and was named a Hot Concept by Nation’s Restaurant News in 2014. L Catterton, a private-equity firm, made an initial investment in Snap Kitchen in 2013 and provided an additional growth capital investment announced on March 8, 2016, to support expansion in the healthful meals format. Snap Kitchen CEO David Kirchhoff and co-founder Bradley Radoff also contributed to the 2016 growth round. The company appointed former U.S. Sen. Bill Bradley, a long-time Starbucks director, to its board as part of this investment, leveraging L Catterton’s network. |
| Mar 2017 | Seed | - | $2M | - |
| Mar 2016 | Series A | L Catterton | $13M | Snap Kitchen received an additional investment from private equity firm L Catterton in March 2016, and the terms of the transaction were not disclosed. L Catterton had first bought into the company in 2013, and the new commitment came shortly after L Catterton was formed in January 2016 through the merger of Catterton, LVMH and Groupe Arnault. The investment was described as growth capital to support the expansion of the chain. Snap Kitchen was owned through its parent company, Fitness Food Holdings Inc. The concept was founded in 2010 and operated 41 locations in Illinois, Pennsylvania and Texas at the time of the announcement. It sells ready-to-eat prepared meals and packaged foods, nearly all of which are gluten free. |
| Jul 2015 | Undisclosed stage | Bradley Radoff (lead); L Catterton (lead) | $22M | Snap Kitchen is a meal delivery service founded in 2010 and headquartered in Austin, Texas, providing ready-made meals, sides, beverages, and desserts through both direct-to-consumer and retail channels. The company positions itself at the intersection of healthy foods, weight management, and restrictive diets, targeting consumers seeking convenient, nutritionally balanced meals prepared by dietitians and chefs. In July 2015, Snap Kitchen raised $22 million in a Series Unknown round led by existing investors L Catterton (a private-equity firm based in Greenwich, Connecticut) and co-founder Bradley Radoff, as part of an aggressive national expansion strategy. At the time of the raise, the company operated approximately 17 locations across Austin, Houston, and Dallas, and had established itself as an on-trend, high-growth concept in the emerging healthy quick-casual meal space. |
| Sep 2013 | Undisclosed stage | L Catterton | - | Catterton Partners, the predecessor of L Catterton, invested in Snap Kitchen in September 2013, reported on 10 September 2013. Fitness Food Holdings, the newly created parent of Snap Kitchen, had filed in August 2013 to sell 13 million US dollars of securities. The investment was the first completed by Catterton Growth Partners II, the growth fund that closed in September 2013 alongside Catterton Partners VII. Snap Kitchen, founded in 2010 by Martin Berson and Bradley Radoff, sold gluten-free and diet-oriented prepared meals under a healthy takeaway concept. It operated ten units, six in Austin and four in Houston, and planned to enter Dallas in early 2014. Catterton returned with a further round of about 22 million US dollars alongside Radoff in 2015 and another investment in March 2016. |
Who has invested in Snap Kitchen?
2 investors have backed Snap Kitchen across its funding rounds, including L Catterton and Bradley Radoff.
Lead investors include Bradley Radoff and L Catterton.
Snap Kitchen Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSnap Kitchen Competitors
Snap Kitchen competitors include listed companies like Coca-Cola and Nestlé, and private ones like HeyTea, Gousto, Naixuecha and Rebel Foods.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $58M | - | $9B | - | ||
| Private | $415M | $56M | $2.1B | - | ||
| Private | $725M | - | $1.8B | - | ||
| Private | $173M | - | $1.4B | 8.1x | ||
| Publicly listed | $48B | $18B | $412B | 8.8x | ||
| Publicly listed | $110B | $19B | $270B | 3.1x |
Snap Kitchen Public Comps
Snap Kitchen is still privately-owned, but its public comps include Coca-Cola, Nestlé, McDonald's, PepsiCo, AB InBev, Unilever, Starbucks, Monster Beverage, Mondelez and Nongfu Spring.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $48B | $18B | 9.2x | 8.8x | 24.5x | 25.5x | |||
| $110B | $19B | 3.1x | 3.1x | 17.5x | 15.6x | |||
| $27B | $15B | 9.2x | 9.0x | 17.0x | 16.0x | |||
| $94B | $16B | 2.5x | 2.4x | 15.0x | 12.3x | |||
| $59B | $20B | 4.0x | 3.7x | 12.1x | 10.3x | |||
| $57B | $12B | 3.1x | 3.0x | 14.7x | 13.3x | |||
| $37B | $4.7B | 3.7x | 3.7x | 29.5x | 22.9x | |||
| $8.3B | $2.5B | 10.3x | 8.9x | 34.1x | 29.2x | |||
This data is available for Pro users. Sign up to see all Snap Kitchen competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Snap Kitchen
| When was Snap Kitchen founded? | Snap Kitchen was founded in 2010. |
| Where is Snap Kitchen headquartered? | Snap Kitchen is headquartered in Austin, TX, United States. |
| Is Snap Kitchen publicly listed? | No, Snap Kitchen is a private, VC-backed company. |
| How much funding has Snap Kitchen raised? | Snap Kitchen has raised $154M across 5 funding rounds. |
| What was Snap Kitchen's last funding round? | Snap Kitchen's last funding round was a $118M undisclosed-stage round in May 2017. |
| Who are Snap Kitchen's investors? | Snap Kitchen's investors include L Catterton and Bradley Radoff. |
| Which companies are comparable to Snap Kitchen? | Companies comparable to Snap Kitchen include HeyTea, Gousto, Naixuecha, Rebel Foods, Coca-Cola and Nestlé. |
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