Snell & Wilmer Advises Technology Food Data Company Galley Solutions as it Raised $14.2 Million in Series A FundingMay 20, 2022
SAN DIEGO – Snell & Wilmer advised client Galley Solutions, a food data company providing food operators with technology to make more profitable decisions around their culinary operations, as it raised $14.2 million in Series A funding led by Astanor Ventures and including participation from existing investor Zetta Venture Partners. The funding enables the company to scale and move into secondary marketplaces to connect supply and demand with a focus on automating the purchasing decision and purchasing activity.
Galley Solutions is a food data company providing food operators with technology to make more profitable decisions around their culinary operations. The company’s technology is a kitchen productivity tool that focuses on core recipe data, and the purchasing and inventory aspects stem from that. For example, the carrots for a carrot soup are mapped to real-time vendor items so the kitchen can make better purchasing decisions and more accurate recipe margins. In a recent interview with Tech Crunch, COO Ian Christopher shared that the company grew its subscription revenue by 280% from last year and saw a 146% net dollar retention in the first quarter of 2022. “We were able to get to millions of dollars in revenue with two salespeople in our organization, so we have to scale our sales team,” Christopher said. According to the interview, the new funding will also go toward product and engineering.
Bardia Moayedi led the Snell & Wilmer team advising Galley Solutions in the Series A funding. The diverse team included Sarah Hibbard (corporate), Greg Gautam (employee benefits), Bahar A. Schippel (tax), Tony Caldwell (data privacy), and Kevin Brown and Anne Dwyer (employment).
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