5 years ago

Karma Kitchen Raises £252 Million to Expand Across Europe

  • Karma Kitchen, a London-based startup that provides flexible kitchen space for food businesses, has raised £252 million in a Series A funding round led by Vengrove Real Estate Management

  • The funding will be used to open dozens of new kitchen sites across Europe

  • Karma Kitchen's 'propco' will buy and fit out freehold sites, while the 'opco' will invest in the tech, people and marketing operations necessary to scale quickly

  • The company has seen a surge in demand for its services during the pandemic, as many food businesses have had to adapt to the changing environment

  • The startup plans to provide thousands of food businesses with flexible kitchen space within five years.

      • ProblemTechnology

      "Food businesses of all kinds, from restaurants to caterers to meal kit companies, are looking for flexible, affordable kitchen space to expand their operations. Traditional kitchen space is often expensive and inflexible, limiting growth potential."

      Solution

      "Karma Kitchen provides food businesses with flexible, affordable kitchen space in a variety of locations. The company owns and manages its own kitchens, offering a variety of services to help businesses thrive, including access to equipment, technology, marketing, and support."

      Covered on