Top 14 Food Delivery Investors in the US
Top 14 Food Delivery Investors in the US
The food delivery industry in the US has seen remarkable growth, fueled by changing consumer preferences and advancements in technology. Companies operating in this sector range from well-known meal kit services to app-based delivery platforms. Some focus on quick service and convenience, while others emphasize farm-fresh ingredients, cater to niche markets, or deliver gourmet meals from local restaurants. As urbanization continues and people's lifestyles become busier, the demand for innovative delivery solutions is projected to rise, prompting firms to explore partnerships and enhanced delivery models. Sustainability and health-conscious offerings are also shaping the future of this dynamic market.
The investors in this list represent a mix of venture capital and private equity firms, operating from major hubs such as New York and San Francisco. With founding years spanning from 1989 to 2023, these firms vary in size, from small teams to extensive networks. In 2024, they collectively engaged in a substantial number of deals, reflecting the robust interest in food delivery startups. Notable players such as 500 Global and L Catterton showcase the active interplay between fast-growth potential and investment appetite within this sector.
Top 14 Food Delivery Investors in the US
1. Y Combinator
- Website: ycombinator.com
- Type: Venture Capital
- Headquarters: San Francisco, California, United States (USA)
- Founded year: 2005
- Headcount: 51-200
- Number of deals in 2024: 802
- LinkedIn: y-combinator
Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It provides funding and mentorship to early-stage technology companies through a structured program that includes resources like the Startup School and co-founder matching services. Y Combinator has successfully launched over 4,000 startups, establishing itself as a key player in the technology startup ecosystem. Notably, Y Combinator has made significant investments in the food delivery sector, including multiple funding rounds for DoorDash, where they participated in a pre-seed round in 2013, a Series C round in 2016, and a Series F round in 2019, totaling over $527 million. Additionally, they invested in Caviar during its seed round in 2011 and supported Goldbelly in its seed round in 2013, further solidifying their involvement in the food delivery industry.
2. 500 Global
- Website: 500.co
- Type: Venture Capital
- Headquarters: San Francisco, California, United States (USA)
- Founded year: 2010
- Headcount: 201-500
- Number of deals in 2024: 98
- LinkedIn: 500-startups
500 Global is a venture capital firm and startup accelerator based in San Francisco, California, founded in 2010. The firm specializes in investing in early-stage technology companies, providing funding, mentorship, and resources to help founders scale their businesses. Notably, 500 Global has invested in several companies within the food delivery and food marketplace sectors, including Goldbelly, an online food marketplace that has raised multiple rounds of funding, including a Series B round led by Enlightened Hospitality Investments. Additionally, they invested in Hangry, an Indonesian culinary multibrand startup that is expanding its operations in the food and beverage industry. These transactions highlight 500 Global's commitment to supporting innovative startups in the food delivery space, alongside their broader investment strategy.
3. FJ Labs
- Website: fjlabs.com
- Type: Venture Capital
- Headquarters: New York, New York, United States (USA)
- Founded year: 2015
- Headcount: 11-50
- Number of deals in 2024: 169
- LinkedIn: fj-labs
FJ Labs is a venture capital firm based in New York, specializing in investing in marketplace and network effect businesses. Founded in 2015, the firm has made over 1,000 investments, with many companies achieving unicorn status. FJ Labs supports entrepreneurs by providing capital and strategic guidance across various industries, including e-commerce and logistics. Notably, they have invested in elmenus, a food delivery platform that raised funds in a Series C round in September 2021. They also participated in funding rounds for Rappi, a last-mile delivery service operating in Colombia and Mexico, with investments in both a Series C round in January 2018 and a venture round in June 2017. Their extensive portfolio and active engagement in the food delivery sector highlight their relevance as an investor in this industry.
4. Tiger Global
- Website: tigerglobal.com
- Type: Venture Capital
- Headquarters: New York, New York, United States (USA)
- Founded year: 2001
- Headcount: 51-200
- Number of deals in 2024: 25
- LinkedIn: tiger-global-management
Tiger Global Management, LLC is a prominent investment firm based in New York, specializing in both public and private equity investments. Founded in 2001, the firm manages approximately $50 billion and focuses on innovative companies leveraging technology. Tiger Global has a diverse portfolio, but it has made notable investments in the food delivery sector, including significant funding rounds for Postmates, where they invested $100 million in 2019 and $300 million in 2018, as well as an earlier $80 million investment in 2015. They also led a $13 million Series A funding round for Caviar, a curated food delivery startup, in 2014. These transactions highlight Tiger Global's active role in the food delivery industry, making them a relevant player in this market.
5. Sosv
- Website: sosv.com
- Type: Venture Capital
- Headquarters: United States (USA)
- Founded year: 1995
- Headcount: 51-200
- Number of deals in 2024: 170
- LinkedIn: sosv
SOSV is a venture capital firm founded in 1995, based in the United States, that specializes in funding and supporting deep tech startups through its development programs. The firm provides venture capital investment and resources to help startups grow and succeed in various sectors, including health and climate technology. Notably, SOSV has invested in food delivery-related companies such as Foodie For All, which raised funds in 2014, and Pricepally, a Nigerian online grocery store that secured $1.3 million in seed funding in 2023. Additionally, they have invested in SmartBite, which focuses on food delivery solutions. These transactions highlight SOSV's engagement in the food delivery industry, alongside their broader investment strategy.
6. Deep Tech Fund (an Alumni Ventures Fund)
- Website: av.vc
- Type: Venture Capital
- Headquarters: Manchester, New Hampshire, United States (USA)
- Founded year: 2023
- Headcount: 51-200
- Number of deals in 2024: 258
- LinkedIn: deep-tech-fund-av-focused-fund
Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm based in Manchester, New Hampshire, founded in 2023. The firm provides accredited investors and institutions with access to professionally-managed, diversified venture portfolios, leveraging a network of over 10,000 investors to connect them with high-quality investment opportunities in the startup ecosystem. Among their notable transactions, they participated in the Series C funding for GrubMarket, which raised $25 million on April 4, 2019, a company that specializes in food delivery services. They also invested in Thistle, a startup that raised $10.3 million in Series B financing on January 6, 2021, which focuses on healthy meal delivery and has expanded its services in response to increased demand. These investments highlight their engagement in the food delivery sector, alongside other technology-driven ventures.
7. Plug and Play Tech Center
- Website: plugandplaytechcenter.com
- Type: Venture Capital
- Headquarters: Sunnyvale, California, United States (USA)
- Founded year: 2006
- Headcount: 501-1000
- Number of deals in 2024: 253
- LinkedIn: plug-and-play-tech-center
Plug and Play Tech Center is an innovation hub and venture capital firm based in Sunnyvale, California, founded in 2006. They connect startups with corporations to foster growth and innovation, offering various programs including accelerator initiatives and investment opportunities. With a focus on technology, they have made significant investments across multiple sectors. Notably, they invested in Rappi, a prominent food delivery service, during its seed round in 2016, showcasing their involvement in the food delivery industry. Additionally, they have engaged with other startups like Zeew, a B2B SaaS platform, and Pathover, indicating their broad investment strategy that includes food delivery-related ventures.
8. Government of Canada
- Website: canada.ca
- Type: Corporate
- Headquarters: Canada, Kentucky, United States (USA)
- Founded year: 1999
- Headcount: 10001+
- Number of deals in 2024: 137
- LinkedIn: government-of-canada
The Government of Canada is a public entity that provides a wide range of services and information to Canadian citizens and residents, addressing various needs including employment, immigration, health care, and taxation. Founded in 1999, it operates through multiple departments and agencies to ensure access to essential services and support for individuals and businesses across the country. In the context of food delivery, the Government of Canada has been active in supporting relevant businesses through grants. For instance, it provided a grant of $4,368,888 to Sustainable Produce Urban Delivery in March 2022, which focuses on urban food delivery solutions. Additionally, it supported PizzaGo with a $75,000 investment through the Atlantic Canada Opportunities Agency (ACOA) in 2016, aimed at commercializing their food delivery app. Other notable transactions include grants to GrubX and Eddington's of Exeter, further demonstrating its engagement in the food delivery sector.
9. Endeavor
- Website: endeavor.org
- Type: Venture Capital
- Headquarters: New York, New York, United States (USA)
- Founded year: 1997
- Headcount: 501-1000
- Number of deals in 2024: 27
- LinkedIn: endeavor_2
Endeavor is a not-for-profit organization founded in 1997, based in New York, that supports high-impact entrepreneurs through mentorship, education, and investment opportunities. They operate a global network aimed at transforming economies through entrepreneurship, helping businesses scale and create jobs in emerging markets. Endeavor has been involved in several notable transactions in the food delivery sector, including a $6.7 million investment in Cornershop, a fast grocery delivery service in Mexico and Chile, and a $44 million equity investment in Yemeksepeti, an online food ordering service in Turkey. Additionally, they participated in a $47 million Series B round for CookUnity, a meal delivery service, and contributed to Toters, which raised $18 million for its expansion in Iraq. These investments highlight Endeavor's commitment to fostering growth in the food delivery industry.
10. Goodwater Capital
- Website: goodwatercap.com
- Type: Venture Capital
- Headquarters: Burlingame, California, United States (USA)
- Founded year: 2014
- Headcount: 51-200
- Number of deals in 2024: 41
- LinkedIn: goodwater-capital
Goodwater Capital is a venture capital firm based in Burlingame, California, founded in 2014. The firm specializes in consumer technology and supports seed-stage entrepreneurs by providing investment, resources, and a community to help them grow. Goodwater Capital has a diverse investment portfolio that includes various sectors such as healthcare and financial services, but they have also made significant investments in the food delivery space. Notably, they participated in funding rounds for Chowdeck, a Nigerian food delivery startup, contributing to both a $2.5 million seed round in April 2024 and a $500,000 pre-seed round in July 2022. Additionally, they invested in FoodCourt, which raised $500,000 in September 2022, and HeyFood, which secured $500,000 in January 2022. These transactions highlight Goodwater Capital's active role in the food delivery industry.
11. Accel
- Website: accel.com
- Type: Venture Capital
- Headquarters: Palo Alto, California, United States (USA)
- Founded year: 1983
- Headcount: 51-200
- Number of deals in 2024: 101
- LinkedIn: accel-vc
Accel is a venture capital firm founded in 1983, based in Palo Alto, California, specializing in investing in startups and early-stage companies primarily in the technology sector. The firm has a global presence with offices in San Francisco, London, India, and China. Notably, Accel has been actively involved in the food delivery industry, particularly through its investments in Deliveroo. The firm participated in several significant funding rounds for Deliveroo, including a $25 million investment in Series B (January 2015), $70 million in Series C (July 2015), $100 million in Series D (November 2015), and further investments in Series E and F, totaling $385 million in each of those rounds in 2017. This involvement highlights Accel's commitment to supporting growth in the food delivery sector while also maintaining a broader focus on technology startups.
12. Gaingels
- Website: gaingels.com
- Type: Venture Capital
- Headquarters: Burlington, Vermont, United States (USA)
- Founded year: 2015
- Headcount: 11-50
- Number of deals in 2024: 60
- LinkedIn: gaingels
Gaingels is a venture capital firm founded in 2015, based in Burlington, Vermont, dedicated to investing in companies with diverse leadership. The firm provides capital and support to startups, particularly those led by underrepresented groups, to foster diversity and inclusion in the innovation economy. Gaingels has been involved in several notable transactions in the food delivery space, including a $47 million Series B investment in CookUnity, a meal delivery service, and participation in multiple funding rounds for Territory Foods, a nutritionist-designed meal delivery service that raised $22 million in Series B and $4 million in Series A. Additionally, they invested $20 million in HUNGRY, a food delivery platform that connects local chefs with consumers. These investments highlight Gaingels' active role in the food delivery industry while promoting diversity and inclusion.
13. Goldman Sachs
- Website: goldmansachs.com
- Type: Private Equity
- Headquarters: New York, New York, United States (USA)
- Founded year: 1998
- Headcount: 10001+
- Number of deals in 2024: 59
- LinkedIn: goldman-sachs
Goldman Sachs is a prominent investment bank and financial services firm founded in 1998, headquartered in New York, New York, USA. The firm provides a wide range of services including investment banking, asset management, and wealth management, catering to a diverse clientele that includes corporations, financial institutions, and individuals. In the food delivery sector, Goldman Sachs has made notable investments, including a significant role in Swiggy's $800 million funding round in April 2021, which valued the company at $5 billion. They also participated in multiple funding rounds for Rebel Foods, contributing $175 million in Series F funding in October 2021, as well as earlier investments totaling over $125 million in Series D rounds in 2019. Additionally, they were involved in Foodpanda's funding, showcasing their active engagement in the food delivery market.
14. L Catterton
- Website: lcatterton.com
- Type: Private Equity
- Headquarters: United States (USA)
- Founded year: 1989
- Headcount: 201-500
- Number of deals in 2024: 23
- LinkedIn: l-catterton
L Catterton is a private equity firm founded in 1989, specializing in investment management with a focus on consumer brands across various sectors. The firm partners with middle market companies and high-growth enterprises, providing capital and strategic guidance to enhance brand equity and market presence. L Catterton has made significant investments in the food delivery and meal service industry, including a $22 million equity raise for Snap Kitchen, a food e-commerce company, and a $40 million Series B investment in Home Chef, a prominent player in the meal kit industry. Additionally, they led a $40 million Series C round for Hungryroot, an AI-powered personalized grocery service, and invested in Chopt Creative Salad Company to accelerate growth and explore new product offerings. These transactions highlight L Catterton's strategic focus on driving growth and innovation within the food sector, making it a key player in the food delivery landscape.
Food Delivery Insights: Key Investors in the US
| Investor | Headquarter | Size | Founded | Deals 2024 |
|---|---|---|---|---|
| Y Combinator | San Francisco, California, United States (USA) | 51-200 | 2005 | 802 |
| 500 Global | San Francisco, California, United States (USA) | 201-500 | 2010 | 98 |
| FJ Labs | New York, New York, United States (USA) | 11-50 | 2015 | 169 |
| Tiger Global | New York, New York, United States (USA) | 51-200 | 2001 | 25 |
| Sosv | United States (USA) | 51-200 | 1995 | 170 |
| Deep Tech Fund (an Alumni Ventures Fund) | Manchester, New Hampshire, United States (USA) | 51-200 | 2023 | 258 |
| Plug and Play Tech Center | Sunnyvale, California, United States (USA) | 501-1000 | 2006 | 253 |
| Government of Canada | Canada, Kentucky, United States (USA) | 10001+ | 1999 | 137 |
| Endeavor | New York, New York, United States (USA) | 501-1000 | 1997 | 27 |
| Goodwater Capital | Burlingame, California, United States (USA) | 51-200 | 2014 | 41 |
| Accel | Palo Alto, California, United States (USA) | 51-200 | 1983 | 101 |
| Gaingels | Burlington, Vermont, United States (USA) | 11-50 | 2015 | 60 |
| Goldman Sachs | New York, New York, United States (USA) | 10001+ | 1998 | 59 |
| L Catterton | United States (USA) | 201-500 | 1989 | 23 |
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