What is ZeroCater?
ZeroCater is a San Francisco-based company specializing in corporate catering and office snack services, catering to businesses of all sizes. The company aims to streamline the process of providing food and beverages for employees, enhancing workplace culture and productivity. By offering a comprehensive platform for managing catering needs, ZeroCater positions itself as a key player in the corporate services industry, facilitating seamless operations for its clients.
How much funding has ZeroCater raised?
ZeroCater has raised a total of $36.6M across 6 funding rounds:
Private Equity
$1.5M
Series A
$4.1M
Series B
$12M
Debt
$2M
Debt
$2M
Series C
$15M
Private Equity (2011): $1.5M with participation from SV Angel
Series A (2016): $4.1M led by Romulus Capital and Struck Capital
Series B (2018): $12M supported by Cleveland Avenue LLC
Debt (2020): $2M featuring PPP
Debt (2021): $2M backed by PPP
Series C (2023): $15M with participation from Cleveland Avenue and REMUS Capital
Key Investors in ZeroCater
Cleveland Avenue
Cleveland Avenue is a global venture capital firm that invests in lifestyle consumer brands and technology companies that disrupt large markets. They provide financial resources, expertise, and holistic business support to help portfolio companies grow and innovate.
REMUS Capital
Remus Capital is an investment firm that focuses on unconventional strategies and opportunities, aiming to challenge the status quo. The company seeks to partner with like-minded individuals who are willing to take risks and think differently.
SV Angel
SV Angel is a long-term investment firm dedicated to supporting founders in creating impactful businesses. They prioritize building strong partnerships by advocating for founders and providing essential resources, strategic insights, and a vast network to help companies scale.
What's next for ZeroCater?
The recent major strategic investment signifies a pivotal moment for ZeroCater, likely enabling the company to scale its operations, enhance its technological infrastructure, and potentially expand its service offerings or geographic reach. This capital infusion is expected to fuel further innovation in the corporate food service market, reinforcing ZeroCater's competitive advantage and its ability to meet the evolving demands of modern workplaces. The company is well-positioned to leverage this backing for sustained growth and market leadership.
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