-KH News Desk
Not So Dark (NSD), a food tech startup, has secured $80 million in a Series B fundraising round, which it plans to use to broaden its virtual meal delivery franchise model throughout Europe.
Kharis Capital and Verlinvest took the lead in the fundraising, with Conviviality Ventures contributing as well. Tech Funding News stated on Monday that the business has now raised $105 million with the new funding (Sept. 26).
The food technology firm, which has its main office in Paris, France, and was created in 2020 by Clement Benoit and Alexandre Haggai, provides a franchised virtual delivery model for physical restaurants. Smaller restaurants can use the service to conduct a mobile delivery business out of their own kitchens using a background digital franchise.
“Pivoting and starting from zero was a massive undertaking. But we saw so clearly that the future of the online delivery industry was in forging partnerships with traditional restaurants — not competing with them,” said Benoit, per the news outlet.
Benoit added that the new capital will help bolster the company’s “market leadership in France” while also helping it expand its footprint “across Europe at a very fast pace.”
Not So Dark now employs 100 people and has a portfolio of 150 partners operating in over 100 cities. The platform’s integrated data analytics are powered by artificial intelligence and machine learning.
“We’ve studied the dark kitchens market and watched its rapid development. We believe NSD cracked the model that essentially allows all parties involved to profitably grow their business while offering customers alternative and convenient food offerings,” Kharis Capital Managing Partner Daniel Grossman said in the Tech Funding News report.
He added that in just a year’s time, Not So Dark is already established as a “major figure in the sector.”