”The level of expertise that Mike and his founding team bring from their past experience in the weight-loss and health and wellness industries makes us very confident in the face of a competitive market.”
New York, NY (PRWEB) October 28, 2016
KiwiVenture Partners II is proud to announce an investment in Terra’s Kitchen, a rapidly growing fresh meal kit delivery business providing high-quality ingredients direct to consumers in eco-friendly reusable vessels.
Founded in 2015 in Baltimore, MD, Terra’s Kitchen has been rapidly growing since inception. The team will use investment from this round to further scale its sales and marketing efforts in primary launch markets throughout the United States. As part of the transaction, Rakesh Gupta, Managing Partner at KiwiVenture Partners II, will be joining the board of Terra’s Kitchen.
“At KiwiVenture Partners II, we believe strong teams are critical to building successful businesses. The level of expertise that Mike and his founding team bring from their past experience in the weight-loss and health and wellness industries makes us very confident in the face of a competitive market,” says Rakesh Gupta, Managing Partner of KiwiVenture Partners II.
“We are thrilled to align strategically with KiwiVenture Partners II, as they have a sophisticated understanding of consumer behavior and will contribute to our growth,” says Mike McDevitt, Founder and CEO of Terra’s Kitchen. “KiwiVenture Partners II has been an early believer in us, and we’re excited to have them provide support for our business as we continue to grow.”
About KiwiVenture Partners II:
KiwiVenture Partners II is a New York-based venture capital fund established in 2016 to invest in early to mid-stage companies. KiwiVenture Partners leverages a partnership with KiwiTech, a mobile development service firm for entrepreneurs, to offer a differentiated capital platform for companies seeking to scale their businesses. The firm’s Managing Partners are Bill Cohen, Rakesh Gupta, and Neal Gupta.
About Terra’s Kitchen:
Terra's Kitchen, LLC has created a recipe for real life focused on feeding others the way we feed ourselves. Quality, sustainably sourced ingredients are prepped and portioned and delivered in a climate-controlled, reusable vessel. Terra’s Kitchen’s nutrient-dense meals are on the table in 30 minutes or less.