Instant grocery delivery service Fridge No More has closed a $15.4 million series funding round, which will enable it to expand operations across New York City and the East Coast. The company also plans to grow its engineering and operations teams while rapidly scaling its network of cloud stores.
Fridge No More is a 15-minute grocery delivery service currently offered on iOS and Android with no delivery fee. By developing a network of fully managed "cloud stores," Fridge No More has created a proprietary, data-rich platform for inventory and order management that is iteratively optimized based on store-specific customer demand, according to the company.
"We have been extremely successful with our current network of cloud stores and, now with support from Insight and other investors, we are well positioned to become the leader in the instant grocery delivery market in the U.S," said Pavel Danilov and Anton Gladkoborodov, founders of Fridge No More, in a statement.
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Image: Fridge No More