# Kitchen Mate

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kitchen-mate

- Industry: Food
- Headquarters: Toronto, Canada
- Website: www.kitchenmate.com
- Total disclosed funding: $3.5M
- Latest round: Seed (Aug 28, 2020)
- Investors on record: 4

## About

Kitchen Mate Inc provides innovative micro-market solutions, offering 24/7 access to hot and fresh meals in urban environments, enhancing convenience for busy individuals in workplaces and institutions.Kitchen Mate Inc offers a fresh food micro-market solution aimed at high-traffic locations such as workplaces, colleges, and hospitals. The company was founded by Arwid Bancevicius and Yang Yu, with Yang Yu currently serving as CEO. Headquartered in Toronto, Canada, Kitchen Mate has raised a total of USD 3.5 mn across multiple funding rounds, with the latest being a Seed round in August 2020, co-led by ENIAC Ventures and Golden Ventures, alongside participation from FJ Labs and Techstars. This funding will be utilized to support its expansion into the US market.Kitchen Mate specializes in providing a 24/7 hot and fresh food micro-market solution tailored for high-traffic environments such as workplaces, residential complexes, colleges, and hospitals. Their core offerings include Smart Fridges and Smart Cooking Towers with induction heaters, allowing users to heat meals quickly—typically within 7 to 10 minutes. Customers can access a range of hot entrees priced between USD 10 to USD 15, with diverse payment methods including major credit cards and digital wallets.Kitchen Mate's revenue model is based on direct transactions at its micro-market kiosks, where customers purchase meals priced between USD 10 and USD 15. The company also offers customizable solutions for clients, including subsidized meal programs, which enhance its appeal to corporate clients and institutions. Their modular setup promotes partnerships with organizations seeking convenient dining options without significant overhead, emphasizing efficiency and accessibility in urban markets.In August 2020, Kitchen Mate Inc. raised USD 3.5 mn in Seed funding to support its expansion into the US market. The funding will be aimed at developing new products and enhancing its service offerings, focusing on establishing a presence in key urban areas characterized by high demand for convenient meal options. The company is committed to leveraging this capital to expand its operations and optimize its micro-market solutions for better accessibility.

## Funding rounds

- Seed, Aug 28, 2020, $3.5M — Golden Ventures, Eniac Ventures, Techstars, FJ Labs
- Seed, Jul 24, 2018 — Golden Ventures, Eniac Ventures, FJ Labs

## Investors

- Golden Ventures (https://capitalatlas.ai/funds/golden-ventures) — Seed
- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed