3 years ago

Peckwater Brands Secures £15 Million Funding to Expand Delivery Kitchen Network

  • Peckwater Brands, a London-based company developing a technology platform for kitchens to succeed at delivery, has raised £15 million in Series A Seed funding

  • The round was led by Stonegate Group, with participation from SoftBank Investments (SBI), Fuel Ventures, and Pembroke VCT

  • The company plans to use the funds to develop its technology and expand its operations in the UK, aiming to become the largest kitchen network in the country

  • Peckwater Brands operates a mix of licensed brands spanning several categories, including chicken, burgers, and shared brands with partners such as Unilever, Buzzfeed, and Heinz.

      • ProblemTechnology

      "Restaurants and kitchens are struggling to keep up with the growing demand for delivery, which is making it difficult for them to embrace virtual brands and multiple-franchise solutions and succeed at delivery."

      Solution

      "Peckwater Brands is building a technology platform that helps restaurants and kitchens streamline the process of embracing virtual brands and multiple-franchise solutions. The platform uses machine learning to generate menus and improve operational performance, and it can transform any kitchen into a multi-franchise operation, integrating with their existing operations and opening them up to increased demand across different brands and cuisines."

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