The Venture Codex Logo

The Venture Codex

Wellfound Foods

2619 Evarts Street NE, Washington, DC, 20018, United States

Overview

Wellfound Foods operates tech-enabled smart fridges stocked with healthy meals, snacks and rotating collaborations with local restaurants. The machines feature large touchscreens, cloud connectivity and a custom user interface that lets customers filter by dietary preference, build a cart, and choose items for quick pickup while the team can see sales in real time. Founded in Washington, D.C. in 2013, the company pivoted in 2020 after losing 98% of its wholesale distribution business and used a $600,000 raise to expand from a single pilot machine to a growing fleet. It currently places machines in higher education, military and government sites, airports and hospitals, including Georgetown and George Mason universities, National Defense University, Army and Marine barracks, the Capitol and White House, BWI Airport, MedStar at Georgetown, and Children’s National Hospital. Earlier this month Wellfound closed a $1.4 million seed round that management says will fund growth to 50 machines, development of a mobile app, additional installs, and expansion of its 14-person team. The forthcoming iOS and Android app will let users see stock at nearby machines, reserve items, and order for touchless pickup; the first version is expected in June with additional feature updates to follow. Broodjes & Bier is a Dutch-inspired sandwich company led by founder Sarah “Frim” Frimpong. It produces gourmet sandwiches, salads and breakfast bowls for wholesale distribution and catering throughout the DC–Baltimore region. The company operates as a wholesale and catering food provider rather than a storefront chain. Broodjes & Bier received outside capital to support growth and will use the funds to expand operations. The article does not disclose revenue or user metrics.

Total raised
$2M
Funding rounds
2
Latest round
Seed
Latest activity
Feb 2022

Industries

  • Food and Beverage
  • Restaurants
  • Snack Food
Visit website

Recent funding

  1. Seed

    Feb 2022

    $1M

  2. Preferred

    Dec 2016

    $0M

Team