What is Hangry?
Established in 2019, Hangry addresses the common dilemma of choosing meals by developing a multi-brand fast-food restaurant concept. The company offers a diverse range of local and international cuisines, aiming to provide a convenient and varied dining experience for consumers. Its strategic approach involves building a portfolio of distinct food brands under a single operational umbrella, allowing for efficient management and broader market reach. The recent Series A financing indicates a transition from its early development stages to a scaling phase, positioning Hangry for significant market penetration.
How much funding has Hangry raised?
Hangry has raised a total of $49.3M across 2 funding rounds:
Unspecified
$14.3M
Series A
$35M
Unspecified (2022): $14.3M with participation from Alpha JWC Ventures, Atlas Pacific Capital, and Heyokha Brothers
Series A (2022): $35M led by Genesis Alternative Ventures, Salt Ventures, Innoven Capital, Orzon Ventures, Journey Capital Partners, Sassoon Investment, Heyokha Brothers, Alpha JWC Ventures, and Atlas Pacific Capital
Key Investors in Hangry
Alpha JWC Ventures
Alpha JWC Ventures is a Southeast Asian early-to-growth stage venture capital firm focused on empowering ambitious impact makers. They build lasting partnerships with founders, supporting them through challenges and successes.
Atlas Pacific Capital
Atlas Pacific Capital is a global multi-asset investment manager specializing in growth-stage technology investing. They act as allies to entrepreneurs and co-investors, navigating the global technology investment landscape.
Heyokha Brothers
Heyokha Brothers is an investment management firm based in Hong Kong, focusing on the ASEAN market. They transform innovative ideas into actionable strategies for qualified investors.
What's next for Hangry?
With the recent major strategic investment, Hangry is poised for accelerated growth and market expansion. The company is likely to leverage this capital to enhance its multi-brand strategy, potentially acquiring new concepts or expanding the reach of its existing brands. Further investment in technology for order management, delivery logistics, and customer engagement is also anticipated. This funding round signals strong investor confidence in Hangry's business model and its capacity to capture a larger share of the fast-casual dining market, paving the way for future development and potential enterprise-level funding rounds.
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