Munchery, a startup that provides same-day delivery for meals prepared by local chefs, announced Thursday that it raised a $28 million Series B round, bringing its total funding to date to about $35 million. The company intends to use the funding to expand its service to new cities beyond the Bay Area.
The majority of the new round — $25 million — was contributed by Sherpa Ventures. Shervin Pishevar, the VC firm's founder, had pitched in for Munchery's seed round and Series A, and believes the company has the potential to be "bigger than Chipotle," a bold statement considering Chipotle generated more than $3 billion in revenue last year.
As mass expansion continues and globalisiation has significant impacted on natural resources and the environment, what are options for future generations and what roles can cities play in the ecosystems of the future. When Dr. Dickson Despommier set out to solve America’s food, water and energy crisis, he didn’t just think big-he thought up. And according to his philosophy we could soon be seeing skyscrapers transformed into crop production centre’s, the idea of indoor food growing is taking off.