A food data company that provides food operators with technology to make more profitable decisions around their operations raised $14.2 million in Series A funding.
Ian Christopher started the company with his brother-in-law. The food enterprise resource planning tool came out of the previous work at Sprig, a delivery-only restaurant started by CEO Gagan Biyani and former Google executive chef.
In the early days, most of the work was done in a low-tech environment, with spreadsheets or pen and pencil. Koltai had health reactions when he got mislabeled meals.
Christopher said that he went to the team and asked why they were getting this wrong. The sous chef walked him through the chaos in the kitchen.
The first version of Galley provides clean recipe data, smart inventory, and accurate food production planning. Keller is working with Galley as part of its customer success program.
A website example. The image is from Galley Solutions.
The company's technology is a kitchen productivity tool that focuses on core recipe data, and the purchasing and inventory aspects are related to that. The carrots for a carrot soup are mapped to real-time vendor items so the kitchen can make better purchasing decisions.
Galley works with several companies. Christopher said that the company saw a 146% net dollar retention in the first quarter of the year.
When leadership decided to aggressively scale, it was at a point in its growth where it was close to profitability and cash-flow positive.
The Series A comes in. The investment was led by Astanor and included participation from Zetta Venture Partners. The company has received $20 million in funding to date. Galley is a startup that brings technology into the kitchen. Meez raised $6.5 million for its recipe software.
The new funding will allow the company to scale and move into secondary marketplaces to connect supply and demand with a focus on automation.
We were able to get to millions of dollars in revenue with two salespeople, so we have to scale our sales team. Product and engineering will be funded by the new funding.
As part of its partnership with Astanor, the company is focusing on sustainable practices, including initiatives around food waste.
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