Chefs’ community marketplace Kitchensurfing nets $15 mln

Kitchensurfing said Monday that it has closed $15 million in Series B funding. Tiger Global Management led the round with participation from Union Square Ventures and Spark Capital. Kitchensurfing is a community marketplace for chefs.

PRESS RELEASE

New York City – March 31, 2014 – Kitchensurfing, the community marketplace of talented chefs worldwide, today announced a $15M Series B funding round led by Tiger Global Management with participation from Union Square Ventures and Spark Capital. With this funding, Kitchensurfing will continue to expand into new geographies and grow its global community of chefs and diners.
In just over a year since the launch, Kitchsurfing’s community has grown to thousands of chefs and one hundred thousand diners who experience restaurant-quality dining in their home or office, typically at lower costs. Today, Kitchensurfing has many chefs earning a full-time living through the marketplace, some as much as $200,000 a year. Kitchensurfing facilitates all transactions and offers 24/7 customer support to both diners and chefs to ensure that each Kitchensurfing meal is a simple, safe, and secure experience.
“Kitchensurfing is the way for talented chefs to build their businesses without the traditional overhead costs that cause so many restaurant and food businesses to fail. Through our community, chefs from around the world are able to earn more while bringing greater passion to their work by connecting directly with our diners,” said Chris Muscarella, Chief Executive Officer and Co-Founder, Kitchensurfing. “Our collective economic future has more individuals running businesses—and great technology platforms enable those opportunities. We’re bringing that capability to one of the largest and most talented labor pools in the world that just so happens to create an experience that everyone loves – eating.”
“Kitchensurfing is changing the way people eat by making the world’s best food accessible and independent of restaurant and catering industry markups,” said Lee Fixel, partner, Tiger Global Management. “We’re excited to support Kitchensurfing’s rapid growth as it transforms the economics of an imbalanced market where a chef’s reputation can be built on a restaurant’s brand name as opposed to individual service and trusted customer reviews.”
Kitchensurfing has raised $18.7M in total funding including prior investment from prominent angels including Founder Collective, Dave Tisch, David Karp, Brian Sharples, Ken Pelletier, Scott Belsky, Chris Dixon, Joanne Wilson and SV Angel.
About Kitchensurfing
Kitchensurfing is the marketplace community of the world’s most talented chefs building their businesses by bringing expertise and food inside your home or office. Consumers connect directly with chefs to easily secure the dining experience they seek: simple family meals, exotic cuisine, blow-out celebratory meals, or even an in-home cooking class. Direct communication creates a marketplace where costs are typically less than those of going out to a restaurant of similar quality.
For more information, please visit: www.kitchensurfing.com

Leave a Reply

PEHUB Community

Join the 12504 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget