Kroger And Restaurant Brands Invest In Kitchen United

Kroger Co KR and Restaurant Brands International Inc QSR has become the new investors in Kitchen United, a ghost kitchen and restaurant hub.
Kitchen United raised a $100 million investment through a Series C fundraise.
Other investors included B. Riley Venture Capital, a subsidiary of B. Riley Financial RILY, Simon SPG, Phillips Edison & Co PECO, and The HAVI Group.
“Kitchen United uniquely sits at the intersection of technology, food, and real estate,” said Kitchen United CEO Michael Montagano.
Kitchen United currently has approximately 200 operational kitchens across 20 regions.
Kitchen United’s proprietary technology enables customers to order from multiple prepared food and consumer goods brands on the same ticket and with the same delivery driver.
Price Action: KR shares are trading lower by 0.35% at $46.06 on the last check Monday. QSR shares are trading lower by 1.11% at $51.52.