CookUnity

CookUnity

Gourmet meal delivery service with subscriptions

About CookUnity

Simplify's Rating
Why CookUnity is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Food & Agriculture

Consumer Goods

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$149.2M

Headquarters

New York City, New York

Founded

2015

Overview

CookUnity offers a meal delivery service that provides a selection of gourmet meals prepared by professional chefs. Customers can choose from 4 to 16 meals each week, with options that cater to various dietary preferences such as vegetarian, pescatarian, and keto. The meals are delivered fresh, not frozen, using modified atmosphere packaging to maintain quality. CookUnity stands out from competitors by featuring meals crafted by renowned chefs, including Food Network alumni and James Beard Award winners. The company's goal is to deliver high-quality, convenient meal options to busy individuals while allowing flexibility in meal selection and subscription management.

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Simplify's Take

What believers are saying

  • Acquisition of Cookin expands CookUnity's reach and chef network across North America.
  • Partnership with Tasty introduces CookUnity to a broader audience through shoppable recipes.
  • Rising demand for personalized meal options aligns with CookUnity's customizable meal plans.

What critics are saying

  • Increased competition from Shef's expanding chef-to-consumer marketplace could impact CookUnity's market share.
  • $30 million debt financing may increase financial pressure if not effectively utilized.
  • Integration of Cookin's creators may pose operational challenges in maintaining quality control.

What makes CookUnity unique

  • CookUnity offers gourmet meals prepared by renowned chefs, setting it apart from competitors.
  • The company provides a flexible subscription model with customizable meal plans.
  • CookUnity uses modified atmosphere packaging to deliver fresh, not frozen, meals.

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Funding

Total Funding

$149.2M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

401(k) Company Match

Unlimited Paid Time Off

5- year Sabbatical

Paid Family Leave

Compassionate Leave

Wellness Program

Stock Options

Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

0%

2 year growth

-1%
Financial Post
Dec 9th, 2024
CookUnity Acquires Cookin to Empower Chefs

CookUnity has acquired Cookin to enhance its mission of empowering chefs and expanding access to high-quality meals. This acquisition integrates Cookin's 1,500 creators across 40 U.S. states and 10 Canadian provinces, allowing chefs to diversify their offerings and leverage CookUnity's subscription model. The partnership aims to provide chefs with new income streams and expand their reach, supporting culinary entrepreneurs in a changing food landscape.

Intelligence360
Nov 5th, 2024
CookUnity has filed a notice of an exempt offering of securities to raise $30 Million in New Debt Financing.

According to filings with the U.S. Securities and Exchange Commission, CookUnity is raising up to $30,000,000.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities

Adweek
Jul 23rd, 2024
Tasty's Recipes Become Ready-to-Eat Meals With CookUnity

BuzzFeed's recipe publisher, Tasty, is debuting a new foray into shoppable commerce through a partnership with premade meal delivery service CookUnity.

SeafoodSource
May 6th, 2024
Secret Island Salmon partners with meal-delivery service as part of omnichannel sales strategy

Farmed salmon brand Secret Island Salmon has established a partnership with meal-delivery service CookUnity to distribute its products across the U.S.

Refresh Miami
May 26th, 2023
Fuel Venture Capital Launches $300M Flagship Fund Ii

By Nancy DahlbergFuel Venture Capital, the Miami-based firm that has invested $100 million into South Florida startups and millions more around the world, is launching its Flagship Fund II.The global early-stage investment firm is aiming to raise $300 million for the Flagship Fund II  and will target disruptive technology companies that transform how businesses and consumers transact, consume, work and enjoy their life, said Jeff Ransdell, Founding Partner and Managing Director of Fuel Venture Capital. The newest fund will focus on fintech, enterprise SaaS, consumer tech and sports and entertainment tech.Flagship Fund II has been seeded with seven companies, all previously backed by Fuel Venture Capital. Those startups, Betr, RecargaPay, Soundtrack Your Brand, Curve, CookUnity, AEXLAB and NovoPayment, received the first $25 million in the fund. Plans are to invest in 25 more companies, with some already in due diligence; then there will be funds available for doubling down. “What ends up happening is we invest our capital over a five-year investment period; the first 24 months is to construct the portfolio, and then the following three years is to follow on,” said Ransdell, in an interview with Refresh Miami.It’s actually Fuel VC’s fourth fund. The firm launched its first Flagship Fund, about $162 million, in 2017, then it opened a specialized fund called the Fintech Growth Fund, as well as its Opportunity Bundle that is an open-ended fund that allows its investors to back specific companies and create their own venture portfolios

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