Foodology’s Fresh Funding Fuels Latin American Expansion

Foodology, a Bogotá-based cloud kitchen startup, has secured $17 million USD in a recent funding round, with plans to expand its reach in Brazil and other Latin American markets. This round of financing saw contributions from previous investors such as Andreessen Horowitz and Chimera Investment, along with new investors like 30N Ventures and Daedalus Ventures. The company, which has raised over $86.5 million USD since its inception in 2019, operates over 85 cloud kitchens across Colombia, Mexico, Brazil, and Peru, delivering over 300,000 orders monthly. With this new funding, Foodology aims to solidify its market leadership in Brazil, leveraging its model of creating, developing, and scaling original third-party food brands within a shared cloud kitchen infrastructure.

For more insights, read the full article on Finance Colombia.