# BitesToGo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitestogo

- Industry: Food
- Headquarters: Makati City, Philippines
- Website: www.cloudeats.com
- Total disclosed funding: $11M
- Latest round: Series A (Sep 22, 2022)
- Investors on record: 6

## About

BitesToGo, Inc. operates innovative cloud kitchens, providing a diverse selection of online food brands tailored for delivery in Southeast Asia, particularly focusing on the Philippines and Vietnam.BitesToGo, Inc. specializes in running cloud kitchens to facilitate online food delivery. Founded in 2019 and headquartered in Makati City, Philippines, the company has successfully executed three funding deals. The most recent funding round was a Series A, where the company raised USD 7.000 mn on September 22, 2022, led by NordStar Capital. The founders, Iacopo Rovere and Kimberly Yao, have extensive backgrounds in leading food service businesses.CloudEats, a subsidiary of BitesToGo, Inc., operates cloud kitchens that feature a variety of online food brands optimized for delivery throughout Southeast Asia, focusing on the Philippines and Vietnam. The company develops persona-driven brands to meet the dietary needs of specific consumer groups, including working mothers and college students. They offer over 15 different cuisines with innovative, online-friendly menus, ensuring high-quality delivery. Their proprietary kitchen technology integrates seamlessly with major food delivery platforms for real-time menu management, catering directly to consumers' preferences at home, work, or on the go.In the most recent year, 2023, BitesToGo, Inc. reported a revenue of USD 20,443,235.60 and an EBITDA of USD 418,328.40. The company generates revenue primarily through direct-to-consumer transactions facilitated by partnerships with food delivery platforms, focusing on maintaining high conversion rates and low cancellation rates. Each customer order from their branded menus contributes to their revenue stream, with a structured approach that optimizes the management of their multi-brand operations.Following its Series A funding of USD 7.000 mn in September 2022, BitesToGo, Inc. plans to expand its market reach into additional Southeast Asian countries, such as Thailand, Malaysia, and Indonesia. The company will utilize the latest funding to support this expansion effort, enhancing their operational capabilities and market presence in these new regions.

## Funding rounds

- Series A, Sep 22, 2022, $7M — NordStar Capital
- Series A, Oct 28, 2021, $3.5M — Gobi Partners, Vulpes Investment Management, BAce Capital, Intera Investments, GMA Ventures

## Investors

- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Series A
- Vulpes Investment Management (https://capitalatlas.ai/funds/vulpes-investment-management) — Series A
- BAce Capital (https://capitalatlas.ai/funds/bace-capital) — Series A
- Intera Investments — Series A
- GMA Ventures (https://capitalatlas.ai/funds/gma-ventures) — Series A
- NordStar Capital (https://capitalatlas.ai/funds/nordstar-capital) — Series A