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Hungryroot, Inc. is an American brand of nutrient-dense, clean-ingredient foods founded in 2015 with the goal of making healthy living easy. Sold online and delivered directly to consumers’ homes, Hungryroot offers a variety of food items, including fresh-cut vegetables, grains and pasta, proteins, sauces, desserts and more. Through its weekly delivery service, consumers can sign up for recurring deliveries personalized to their diets and tastes. The company has raised over $35 million to date from venture capital investors, including Lightspeed Venture Partners, Crosslink Capital, Lerer Hippeau and KarpReilly Investments.

History

In April of 2015, Hungryroot launched with six “veggie noodle,” 7-minute meals manufactured out of a warehouse in Long Island City.

The company was named one of the most innovative brands of the year by Forbes in 2016. By the end of 2016, the complex supply chain of manufacturing food themselves held back growth.

By early 2017, the company had to stop taking orders because of limitations in their facility.

In March of 2017, the company made the decision to cease all customer deliveries, shut down their Long Island City facility, and focus on securing partnerships with third-party manufacturers.

In September of 2017, Hungryroot started shipping again with a larger and more varied product set.

Hungryroot closed a $22 million Series B funding round in February 2018, led by Lightspeed Venture Partners and Crosslink Capital with participation by Lerer Hippeau and KarpReilly Investments.

� References

1. Hungryroot's Revenue Went From $1 Million A Month To Zero. Now It's Back With $22 Million In Funding. Forbes. March 22, 2018.

2. How One Critical Pivot Saved Hungryroot. Medium. March 22, 2018.

3. Exclusive: Hungryroot Raises $7.7 Million to Make Sinful Food Healthier. Fortune. January 26, 2017.

4. CircleUp25: The 25 Most Innovative Consumer Brands of 2016. Forbes. July 28, 2016.

External links www.hungryroot.com