Mealco
Latest round
- Seed
Last raised
- Sep 2022
Total raised
- $13M
Investors
- 7
About Mealco
Founded in 2019 by Daniel Simon and headquartered in New York, US, Mealco specializes in connecting restaurants with exclusive delivery-only virtual brands.Mealco primarily offers a platform designed to help restaurants monetize their unused kitchen capacity by allowing them to partner as exclusive delivery-only locations for popular virtual brands, such as Hot Ones. This service facilitates a collaboration that enables participating restaurants to tap into a network of millions of engaged followers, thereby increasing their reach and potential customer base. End users of the service include restaurants looking to optimize operational efficiency and boost revenue, as well as consumers seeking unique dining experiences through delivery. The company's offerings are especially relevant in metropolitan areas with high demand for food delivery services, broadening the geographical market to include major urban centers across the United States.Mealco's revenue is generated primarily through its partnerships with restaurants, whereby these establishments receive compensation for utilizing their kitchen space to prepare meals for delivery-only brands like Hot Ones. The structure of these transactions typically involves restaurants entering into agreements that allow them to offer specific menu items associated with the virtual brands on a commission or fee basis. This may include a revenue-sharing model based on sales generated through the platform. Additionally, as Mealco promotes no lengthy contracts, the flexibility in partnerships encourages restaurants to engage without long-term commitments, thus potentially increasing the number of participating establishments. The company is focused on developing new partnerships with additional virtual brands and increasing its presence in major urban areas across the United States. By leveraging recent investments, Mealco aims to launch innovative features on its platform that improve user experience and facilitate smoother restaurant-brand collaborations.
Who invested in Mealco
7 investors across 5 rounds
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Questions about Mealco
Who invested in Mealco?
Mealco has 7 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Mealco raised?
Mealco has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Mealco last raise money?
Mealco's most recent round on record is a Seed, in Sep 2022.
What does Mealco do?
Founded in 2019 by Daniel Simon and headquartered in New York, US, Mealco specializes in connecting restaurants with exclusive delivery-only virtual brands.
Where is Mealco headquartered?
Mealco is headquartered in New York, US.
Which VCs invest in companies like Mealco?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Mealco's stage. Their profiles are linked below.
VCs backing internet startups at Seed
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