About Byte Foods
Byte Foods is a company based in San Francisco (United States) founded in 2015 was acquired by Garten in January 2020.. Byte Foods has raised $9.49 million across 5 funding rounds from investors including Bessemer Venture Partners, garten and Bolt. Byte Foods has completed 1 acquisition, including Pantry Retail. Byte Foods offers products and services including Smart Fridge and Meal Delivery Service. Byte Foods operates in a competitive market with competitors including 365 Retail Markets, Farmer's Fridge, ZoomSystems, PicoBrew and Parlevel Systems, among others.
- Headquarter San Francisco, United States
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Sectors
ConsumerRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.49 M (USD)
in 5 rounds
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Latest Funding Round
$3.92 M (USD), Series A
Sep 14, 2018
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Investors
Bessemer Venture Partners
& 4 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Garten
(Jan 13, 2020)
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Products & Services of Byte Foods
Byte Foods offers a comprehensive portfolio of products and services, including Smart Fridge and Meal Delivery Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers fresh meals and snacks for office employees to purchase easily.
Handles daily stocking and management of office food supplies.
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Funding Insights of Byte Foods
Byte Foods has successfully raised a total of $9.49M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $3.92 million completed in September 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $3.9M
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First Round
First Round
(30 Nov 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Series A - Byte Foods | Valuation |
investors |
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| May, 2017 | Amount | Debt – Conventional - Byte Foods | Valuation |
investors |
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| Oct, 2016 | Amount | Series A - Byte Foods | Valuation | Spring Creek Investment Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Byte Foods
Byte Foods has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, garten and Bolt. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Seed-stage investments in US companies are made by Bolt.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Byte Foods
Byte Foods has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pantry Retail. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Platform offering refrigerated vending kiosks for the food-service market
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Byte Foods
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Byte Foods Comparisons
Competitors of Byte Foods
Byte Foods operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 365 Retail Markets, Farmer's Fridge, ZoomSystems, PicoBrew and Parlevel Systems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Smart vending solutions are provided for offline retailers and businesses.
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| domain | founded_year | HQ Location |
Automated vending machines for fresh meals and snacks are operated.
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| domain | founded_year | HQ Location |
Automated retail platforms are developed for unattended points-of-sale.
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| domain | founded_year | HQ Location |
Home brewing equipment and a marketplace are provided by PicoBrew.
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| domain | founded_year | HQ Location |
Provider of hardware and software solutions for hospitality industry
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Byte Foods
Frequently Asked Questions about Byte Foods
When was Byte Foods founded?
Byte Foods was founded in 2015.
Where is Byte Foods located?
Byte Foods is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Byte Foods a funded company?
Byte Foods is a funded company, having raised a total of $9.49M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5.5M, raised on Nov 30, 2015.
What does Byte Foods do?
Byte Foods was founded in 2015 in San Francisco, United States, focusing on fresh-food solutions for workplaces. IoT-enabled refrigerated dispensers are used to supply healthy options to employees. Access is granted by swiping a credit card, with charges applied based on items removed. Pantry Retail was acquired in May 2016 to enhance the dispenser technology. Operations center on automated, contactless food distribution in office settings.
Who are the top competitors of Byte Foods?
Byte Foods's top competitors include 365 Retail Markets, Farmer's Fridge and Stockwell.
What products or services does Byte Foods offer?
Byte Foods offers Smart Fridge and Meal Delivery Service.
How many acquisitions has Byte Foods made?
Byte Foods has made 1 acquisition, including Pantry Retail.
Who are Byte Foods's investors?
Byte Foods has 5 investors. Key investors include Bessemer Venture Partners, garten, Bolt, Spring Creek Investment Management, and Alchemist Accelerator.