The round brings Smart Lunches total financing to $7 million. The company most recently banked $1.6 million in June 2013. Previous investors include Jonathan Kraft, Romulus Capital and Chicago-based Apex Ventures, along with Data Point Capital’s Scott Savitz, who serves as the startup’s executive chairman.
According to Savitz, the round was oversubscribed. The investor also noted that Smart Lunches will use the fresh capital to continue expanding into new cities, add new product categories and boost hiring efforts to “to support what is clearly proving to be the winning solution for families, schools, daycare and camps that want to provide great, nutritious food that kids love,” said Savitz via email.
“The company is experiencing stellar growth, and after a very successful launch in Philadelphia is launching in numerous new cities including Washington D.C. and Chicago in the fall,” shared Savitz.
In 2013, Smart Lunches partnered with over 130 schools, daycares and camps in the Northeast to supply their students fresh and nutritious meals. In August of last year, the startup expanded its service to Philadelphia.
Smart Lunches also owns and operates a number of healthy vending machines, called Smart Snax, that are located in schools, businesses and community centers.
For more on Smart Lunches, check out this profile on the startup’s CEO Emily Green by BostInno associate editor, Lauren Landry.