What is Peach?
Peach operates as a comprehensive lunch benefits program designed to offer companies a way to provide subsidized meals to their employees. The platform facilitates both meal delivery and allows employees to conveniently order and pay for their lunches through a dedicated mobile application. This integrated approach aims to enhance employee satisfaction and streamline the process of corporate meal provisioning.
How much funding has Peach raised?
Peach has raised a total of $18.4M across 5 funding rounds:
Private Equity
$2.7M
Series A
$10.5M
Other Financing Round
$5M
Debt
$150K
Debt
$67K
Private Equity (2014): $2.7M, investors not publicly disclosed
Series A (2015): $10.5M led by Madrona Venture Group and Vulcan Capital Management
Other Financing Round (2020): $5M supported by Yongbai Choi and Scott Jacobson
Debt (2020): $150K featuring PPP
Debt (2021): $67K backed by PPP
Key Investors in Peach
Madrona Venture Group
Madrona Venture Group, established in 1995, is a venture capital firm that invests in consumer internet, commercial software, and services, indicating a focus on technology-driven companies.
Vulcan Capital Management
Vulcan Capital Management is a private equity firm specializing in diverse investment opportunities across energy sectors, suggesting a strategic interest in companies with tangible operational assets or significant market presence.
What's next for Peach?
The substantial expansion capital recently acquired by Peach signals a strong commitment to scaling its operations and enhancing its service offerings. This funding is likely to be directed towards expanding its delivery network, further developing its technology platform, and potentially entering new geographic markets. The company's focus on a critical employee benefit positions it for continued growth in the competitive corporate wellness and benefits landscape.
See full Peach company page
