has raised of funding.
The Chicago-based company eyes expansion of its self-serve kiosks, which offer fresh veggie-centered salads, sandwiches, and wraps in office buildings, co-working spaces, and other places where busy folks might want a quick lunch on the go.
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Farmer’s Fridge’s new round was led by . Several local venture capital firms and also participated.
This round is among the largest Innovation Endeavors has led in the past year, which has been a time of transition for the firm founded by former Google CEO . In the last year, the firm raised a new fund, merged with another firm, and dealt with a leadership transition, as Crunchbase News has previously reported.
Farmer’s Fridge, which currently has its self-serve kiosks located throughout Chicago and Milwaukee, netted some local capital in this round. The Chicago-connected investors include:
- , a venture firm founded in 2017 by , the former CEO of .
- , the family office of .
- , a food and foodservice-driven venture firm founded by the heirs of , a now-defunct chain of Chicagoland grocery stores.
- , a prolific angel investment network.
Other investors included , , and , the venture arm of the French yogurt giant which recently invested in a German at-home water filtering and bottling startup called .
The Chicago Tribune that the company currently has about 185 machines throughout Chicago and Milwaukee, and it said Farmer’s Fridge intends to add another 225 fridges by the end of the year.
Founder and CEO Luke Saunders told the Tribune that the new round of funding will help expand its Chicago workforce and help Farmer’s Fridge add 400-500 more fridges across Midwestern cities like Cincinnati, St. Louis, Detroit, and Indianapolis by the end of 2019.
According to Crunchbase data, this is the largest Series C round closed by a Chicago-area startup since in January 2018.
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