Revolution Foods designs, produces and delivers healthy, culturally relevant meals for schools and community feeding programs across the U.S. The company focuses on meals that meet or exceed federal nutrition and ingredient standards and expanded its offerings during the pandemic to address acute food insecurity. Since its founding in 2006, Revolution Foods has delivered close to 500 million meals across 23 states and created over 1,500 jobs across eight culinary center locations. The company became a Certified B Corp in 2009 and has converted to a Delaware Public Benefit Corporation to codify its social mission, transparency and accountability. The new $60 million funding will support investment in systems, production infrastructure and innovation as the company expands into new channels and regional markets. Revolution Foods aims to continue its mission of building lifelong healthy eaters and providing greater access to nutritious foods, particularly in low-income communities. Revolution Foods produces and delivers kid-inspired, chef-crafted meals to early childhood centers, districts, charter schools and afterschool youth programs. The company supplies roughly two million healthy school and community meals each week and has designed, produced and delivered over 320 million meals across 15 states. It operates within reimbursement levels of youth health programs such as the National School Lunch Program to provide affordable nutrition to underserved youth. Revolution Foods pursues growth via daily food drops and is working to improve its clean-label supply chain and transportation efficiency to accelerate expansion. The company is a certified B Corporation and partners with community organizations such as FoodCorps and Share Our Strength to extend nutrition education beyond the cafeteria. Its stated mission is to transform citywide wellness through healthy, delicious school and community meals. Revolution Foods, founded in 2006, provides nutritious, affordable school lunches to students and consumer-packaged products across the United States. It currently serves over 2 million school meals every week across 14 states and sells retail CPG products in thousands of stores nationwide. The company received a revised accounts receivable line of credit from Bridge Bank and a venture term loan shared by Bridge Bank and Orix Growth Capital Finance; the amounts were not disclosed. The line of credit will support general working capital requirements, while the term loan will help refinance existing debt and provide long-term growth capital. Revolution Foods plans to use the growth capital to invest in its consumer packaged goods business and expand its manufacturing plant. Founded eight years ago by two women and mothers, Revolution Foods prepares chef-crafted breakfast, lunch, snacks and suppers that are NSLP and CACFP compliant and made with natural ingredients (no HFCS, artificial colors/flavors, preservatives, or trans fats). The company now serves more than 200,000 K–12 students in 1,000 schools across 50 metro markets and delivers about 1 million meals per week. Roughly 80% of those meals go to students in underserved communities on the free and reduced meal program. Revolution Foods has grown at a 100% compound annual growth rate since inception and is expected to begin the next fiscal year with an approximate $100 million revenue run rate. It is headquartered in Oakland and operates seven culinary centers plus its headquarters with over 1,000 employees. The company is expanding its retail business (launched last August) with Meal Kits sold in about 2,000 U.S. grocery stores including Safeway, Vons and HEB.

Total raised

$100M

Funding rounds

5

Latest round

Equity

Latest activity

Sep 2021