US-based affordable food provider Everytable has completed a $16m series B round that included Kaiser Permanente Ventures, the corporate venture capital arm of care consortium Kaiser Permanente.
Investment firm Creadev led the round, which also featured Candide Group, Gratitude Railroad Ventures, Desert Bloom Food Ventures and Kimball Musk, chairman of restaurant chain Kitchen Restaurant Group.
Everytable prepares healthy, affordable food it provides through storefronts located in food deserts – places where it is difficult to get hold of fresh, healthy food. The cash will go to expanding its stores, subscription delivery service and food services partnerships in Southern California.
Kaiser Permanente Ventures director Liz Rockett said: “Everytable impressed us with their commitment to making healthy eating affordable, accessible and enticing, and doing it at scale.
“We know that ‘food deserts’ can render whole communities vulnerable to poor health outcomes. Organisations like Everytable are critical to the health of our communities, and we are excited to have the opportunity to help them grow.”
The company had raised $680,000 in convertible note financing from undisclosed investors in 2015 before adding $165,000 two years later, according to regulatory filings.
