Your Source for Venture Capital and Private Equity Financings

Venture Capital News: Fridge No More Closes $15.4M Series A Round

2021-03-16
NEW YORK, NY, Fridge No More, an instant grocery delivery service in the U.S., announces the closing of a $15.4 million Series A funding round.
This will both enable the "cloud grocer" to expand operations across New York City and the East Coast, and to establish its leadership position in the instant delivery market. Fridge No More plans to grow their engineering and operations teams while rapidly scaling their network of cloud stores.

This investment round is led by leading venture capital and private equity firm, Insight Partners. Existing investors including Altair Capital (amongst others) have participated in the round as well.

Fridge No More is a 15-minute grocery delivery service. With free instant delivery, no minimum order and supermarket prices, large weekly grocery hauls become a relic of the past; that's why the brand is called Fridge No More! Currently offered on iOS and Android. By developing their own proprietary network of "cloud stores," Fridge No More is able to offer grocery delivery at extraordinary speed, within a 1-mile distance of each of their locations. The company has created a data-rich inventory backend that is always improving based on both the customer and the operational needs. Fridge No More solves all of the common pain points of the online grocery, and offers free delivery, no minimums, and no costly or unexpected replacements.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors