Byte Foods raises $5.5 million for smart vending machines
Byte Foods, a San Rafael-based startup that was a 2015 LAUNCH team, has raised $5.5 million in seed funding to popularize its smart vending machines and delivery service stocking them with nutritious food and drinks from local vendors.
Some companies today use Byte to offer food and drinks for free to employees who are working after a certain hour, for example. The plan can help smaller companies provide a meal perk long before they’ll be able to afford a Google-style cafeteria.
After a successful test period with the Pantry machines, Lee and Megan Mokri rebranded as Byte Foods, and acquired Pantry this May, in an all-stock deal.
Now, Byte has raised $5.5 million in a seed round led by Spring Creek Investment Management, a family fund based in Philadelphia with a special interest in food and agriculture. Other investors in this round included hardware focused fund, Bolt, and Bessemer Venture Partners.