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Cloud kitchen platform raises £46m to fund and equip dozens of new sites

Kitchen canopy

A budding delivery kitchen provider with 30 global sites, including two in London, is targeting 100 locations before the end of the year after raising $60m (£46m) in funding.

Kitopi, a shared kitchen platform for online food delivery, secured its latest investment during a round of financing led by Knollwood Investment Advisory and Lumia Capital.

The business was set up two years ago by four co-founders who spotted an opportunity to create state-of-the-art kitchen facilities capable of receiving orders and delivering them for restaurants and food brands.

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It has dual headquarters in New York and Dubai, where the majority of its kitchens are located. Around 50 of the new locations it is planning will be based in the US.

Kitopi is particularly focused on small and medium-sized restaurants that want to expand their operations and reach while reducing their order processing and delivery times.

With no capital investment from the restaurants themselves, Kitopi provides the infrastructure and technology that enables food brands to open delivery-only locations and handles the orders at the kitchen on their behalf.

The latest round of funding comes after the business initially raised nearly $30m (£23m) in Series B financing to kick-start its operations.

Kitopi employs 30 staff and works with more than 100 restaurant partners.

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Tags : delivery kitchensKitopi
Andrew Seymour

The author Andrew Seymour

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