How Much Did ZeroCater Raise?
Funding & Key Investors

ZeroCater has successfully navigated multiple stages of institutional backing, culminating in a total capital infusion of $36.6M. The company recently secured a major strategic investment of $15M, signaling robust investor confidence in its operational model. This latest financing round underscores the firm's transition from a niche service provider to a dominant force in the corporate food-tech landscape, leveraging historical capital to solidify its market presence.

The trajectory of ZeroCater reflects a disciplined approach to scaling, moving from early-stage private equity to significant Series C financing. By maintaining a consistent growth narrative, the company has attracted high-caliber partners who specialize in disruptive technology and consumer-facing innovation.

What is ZeroCater?

ZeroCater
Business ServicesFood Service

ZeroCater operates as a sophisticated catering and office snack logistics platform, effectively bridging the gap between corporate demand for high-quality employee amenities and the fragmented food service industry. Headquartered in San Francisco, the company provides a comprehensive, tech-enabled solution that simplifies the procurement and delivery of meals for organizations of varying sizes. By optimizing the supply chain for office catering, ZeroCater has established itself as a critical infrastructure partner for modern enterprises seeking to enhance workplace culture through curated culinary experiences.

The company's market position is defined by its ability to scale operations across diverse urban environments, utilizing proprietary technology to manage complex logistics. This operational efficiency has been a primary driver for its sustained growth and ability to secure significant investment rounds, positioning it as a leader in the corporate services sector.

How much funding has ZeroCater raised?

ZeroCater has raised a total of $36.6M across 6 funding rounds:

2011

Private Equity

$1.5M

2016

Series A

$4.1M

2018

Series B

$12M

2020

Debt

$2M

2021

Debt

$2M

2023

Series C

$15M

Private Equity (2011): $1.5M with participation from SV Angel

Series A (2016): $4.1M led by Romulus Capital and Struck Capital

Series B (2018): $12M supported by Cleveland Avenue LLC

Debt (2020): $2M featuring PPP

Debt (2021): $2M backed by PPP

Series C (2023): $15M with participation from Cleveland Avenue and REMUS Capital

Key Investors in ZeroCater

SV Angel

SV Angel is a long-term investment firm dedicated to supporting founders in creating impactful businesses by providing essential resources and strategic insights.

Romulus Capital

Romulus Capital is an early-stage venture capital firm focusing on leading Seed and Series A rounds for B2B companies that disrupt traditional industries.

Cleveland Avenue

Cleveland Avenue is a global venture capital firm that invests in lifestyle consumer brands and technology companies that disrupt large markets.

What's next for ZeroCater?

With the recent infusion of capital, ZeroCater is well-positioned to accelerate its expansion into new geographic markets and enhance its technological stack. The strategic focus will likely shift toward deepening its integration within the enterprise ecosystem, potentially through the development of more advanced analytics for office managers and expanded vendor partnerships. As the company matures, the emphasis will remain on maintaining service quality while scaling the platform to meet the evolving needs of hybrid work environments.

Investors are expected to prioritize sustainable growth and operational leverage, ensuring that ZeroCater remains at the forefront of the corporate food-tech sector. The company's ability to navigate complex market conditions suggests a strong outlook for future value creation and potential long-term industry dominance.

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Frequently Asked Questions Regarding ZeroCater Financial Insights

What are the most recent funding rounds that ZeroCater has completed, and what were the funding rounds?
ZeroCater has recently completed 3 funding rounds: Series C on Feb 16, 2023, Debt on Feb 12, 2021, Debt on Apr 7, 2020.
What is the total amount of funding ZeroCater has raised to date?
ZeroCater has raised a total of $36.6M in funding to date.
How many funding rounds has ZeroCater completed?
ZeroCater has completed 3 funding rounds.
How much funding did ZeroCater raise in its most recent funding round?
ZeroCater raised $15M in its most recent funding round.
Who are the lead investors in ZeroCater's latest funding round?
The lead investor in ZeroCater's latest funding round was Cleveland Avenue. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in ZeroCater's history?
The largest funding round in ZeroCater's history was $15M.
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