# Muncher S.A.S

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/muncher-s-a-s

- Industry: Travel & Leisure
- Headquarters: Bogota, Colombia
- Website: www.muncher.com.co
- Total disclosed funding: $49M
- Latest round: Series B (Nov 8, 2022)
- Investors on record: 8

## About

Muncher S.A.S is a virtual food service platform based in Colombia, specializing in enhancing restaurant operations through innovative infrastructure solutions, particularly focusing on dark kitchens across Latin America.Founded in 2019, Muncher S.A.S operates a virtual food service platform that partners with restaurants to improve their operational efficiency. Headquartered in Bogota, Colombia, the company has executed 5 deals, with the most recent being a Series B funding round on November 8, 2022, raising USD 27.00 mn led by Glisco Partners, alongside participation from FEMSA Ventures and TMT Investments. The company was founded by Andrés Villarraga, while Juan Jaramillo serves as the CEO.Muncher operates as a virtual food service platform that partners with a diverse array of restaurants globally to enhance their operational efficiency and profitability through innovative infrastructure solutions, primarily focusing on dark kitchens. This model allows restaurant brands to establish delivery-focused kitchen operations in strategically located hubs across major Latin American cities, including Mexico, Brazil, Peru, and Colombia. Muncher’s offerings include a centralized management system for real-time sales channel integration, smart menu generation that adapts to consumer trends, and access to analytics for customer retention and upselling strategies. The end users of Muncher’s services encompass both the restaurant partners, which benefit from optimized sales processes and enhanced market presence, and the consumers who enjoy diverse culinary options inspired by Mediterranean and Middle Eastern cuisines. The company’s unique business proposition is tailored for the bustling delivery market, addressing the demand for efficient food service in urban environments.Muncher generates revenue by facilitating transactions between restaurants and their customers through a technology-driven platform that emphasizes data analytics and operational efficiency. The structure of these transactions is primarily B2B, where restaurant partners pay for access to Muncher’s kitchen infrastructure and management tools, allowing them to scale their delivery operations effectively. The company’s revenue model involves subscription fees for the platform services and percentage-based commissions on sales made through its integrated delivery channels. This transactional framework enables Muncher to support more than 70,000 monthly orders across its network of over 400 dark kitchens. Muncher’s strategic approach to enhancing restaurant revenue through optimized service and customer engagement positions it as a vital player in the evolving food delivery landscape within its targeted geographical markets.In November 2022, Muncher S.A.S raised USD 27.00 mn in Series B funding led by Glisco Partners, with participation from FEMSA Ventures and TMT Investments. The company plans to utilize this funding for its geographic growth in Latin American territories, specifically targeting expansion into Mexico and Brazil.

## Funding rounds

- Series B, Nov 8, 2022, $27M — TMT Investments, Glisco Partners, FEMSA Ventures
- Series A, Apr 22, 2021, $22M — TMT Investments, MGM Innova Capital, FEMSA Comercio, S.A. de C.V., Copernion, Amador Holdings, Network VC

## Investors

- TMT Investments (https://capitalatlas.ai/funds/tmt-investments) — Series A, Series B
- MGM Innova Capital (https://capitalatlas.ai/funds/mgm-innova-capital) — Series A
- FEMSA Comercio, S.A. de C.V. — Series A
- Copernion (https://capitalatlas.ai/funds/copernion) — Series A
- Amador Holdings (https://capitalatlas.ai/funds/amador-holdings) — Series A
- Network VC (https://capitalatlas.ai/funds/network-vc) — Series A
- Glisco Partners (https://capitalatlas.ai/funds/glisco-partners) — Series B
- FEMSA Ventures (https://capitalatlas.ai/funds/femsa-ventures) — Series B