
Smithfield Foods
200 Commerce Street, Smithfield, VA, 23430, United States
Overview
Smithfield Foods is determined to be an ethical food industry leader that excels every day at bringing delicious and nutritious meat products to millions of people around the world in a manner that sets industry benchmarks for sustainability.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Food and Beverage
- Hospitality
Investment portfolio
- Chef'd
Led · Equity · Aug 2017
Chef'd is a meal kit delivery service based in New York and El Segundo, California, founded in 2013 by CEO Kyle Ransford. The company delivers meals consumers can order from a wide selection of breakfasts, lunches and dinners tailored to different lifestyles, including meat-free, gluten-free, vegetarian and vegan options. It partners with chefs, culinary influencers and national brands and is also developing its own portfolio of dishes. Chef'd raised $35.2M in strategic funding to support its growth. The funding was reportedly led by Smithfield Foods, with participation from Campbell Soup and FreshDirect. The company intends to use the proceeds to expand operations. Chef'd operates a food delivery service that ships chef‑cooked recipe kits filled with fresh ingredients to customers' homes. The company offers over 200 recipes that accommodate all dietary needs, developed in partnership with celebrity chefs, restaurants, food bloggers and food media globally. Chef'd is led by Kyle Ransford and Jesse Langley. According to a regulatory filing, the company raised $12.27M in venture capital funding. The SEC filing notes 14 unnamed backers participated and cites a final target fixed at €17M. Chef'd says it will use the funds to expand operations and is hiring to support that growth. Chef'd operates a recipe-and-ingredient delivery service that lets customers buy individual meals (not a subscription) created in partnership with food publications and celebrity chefs. The company ran an Indiegogo crowdfunding campaign last year to recruit early users. Founder and CEO Kyle Ransford said the new funding was led by Ransford and Chris Growney rather than traditional VCs, which the team says gives them freedom to avoid a forced subscription model. Chef'd can deliver nationwide today, though delivery days are more limited outside the West Coast. The company plans to open a fulfillment center in Philadelphia to enable East Coast deliveries on five days a week. Ransford declined to share total order or customer counts but said 30–40% of customers are returning, and a meaningful share reorder specific meals. Chef'd has now raised a total of $6.2 million.
Team
No current team members are available.