Ghost Kitchens and Delivery Services: February Restaurant Industry Funding
Skift Take
The big winner this month? DoorDash, which has now raised over a billion dollars in funding in less than a year.
In February, investors put hundreds of millions of dollars behind restaurant technology companies worldwide — although no one walked away with more cash than DoorDash.
The third-party delivery service closed a $400 million investment led by Dragoneer Investment Group and Temasek Holdings Pte, which catapulted the company to a $7.1 billion valuation.
Across the globe, Tiger Global Management, the same firm that led Olo's latest funding round last month, led a new round of funding for Panda Selected, a strong competitor in the ghost kitchen market in China. On a much smaller scale, a new kind of ghost kitchen solution based in Chicago scored an extra $1.3 million in new funding to fuel its expansion into more U.S. markets.
Note: This is the latest installment of Skift Table’s monthly restaurant funding roundup. To view past lists, click here.
Presto
Amount Raised: $30 million
Lead Investors:Â
