# Food Rocket

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/food-rocket

- Industry: Internet
- Headquarters: Palo Alto, US
- Website: www.foodrocket.me
- Total disclosed funding: $27M
- Latest round: Series A (Apr 26, 2022)
- Investors on record: 5

## About

Founded in 2021, and based in California, US, Foodcast, Inc., trading under the name Food Rocket, operates as a grocery delivery company. The company was founded by its CEO, Vitaly Aleksandrov. In 2022, the company launched delivery operations in Chicago, and in April 2022, Foodcast, Inc. raised USD 25 million in series A funding led by new investor Circle K Ventures.

Foodcast offers an artificial intelligence-based mobile application that lets users order groceries such as home goods, meals, fruits, and vegetables online and has them delivered to their door within 10–15 minutes. Customers can also shop or pick up orders they placed online at the company's local stores. The company employs artificial intelligence for its e-commerce operations including managing warehouse stocks and estimating demand to reduce delivery time to 10-15 minutes.

The company plans to use the 2022 funding to expand its services in Chicago and other US cities, improving AI-enabled software and teams.

## Funding rounds

- Series A, Apr 26, 2022, $25M — Circle K Ventures
- Seed, Apr 28, 2021, $2M — Baring Vostok Capital Partners, Altair Capital, Internet Initiatives Development Fund, AngelsDeck

## Investors

- Baring Vostok Capital Partners (https://capitalatlas.ai/funds/baring-vostok-capital-partners) — Seed
- Altair Capital — Seed
- Internet Initiatives Development Fund — Seed
- AngelsDeck (https://capitalatlas.ai/funds/angelsdeck) — Seed
- Circle K Ventures (https://capitalatlas.ai/funds/circle-k-ventures) — Series A