Money Raised, Members Grow
Union Kitchen announced fundraising efforts for a $20 million Series A fund to support their Accelerator members. The Food Business Accelerator launched in 2012 and has supported the growth of businesses including Compass Coffee, Snacklins, Caribe Juice, and Mas Panadas. Through the launch of this fund, Union Kitchen will provide capital support to brands who are in the process of raising Series A funding, an expansion of previous investment opportunities. Union Kitchen has currently raised $10 million from several investors and is seeking support from individual investors as well as larger companies. Union Kitchen plans to close the fund by the end of the year. The launch of this Series A fund will provide Accelerator members like Mas Panadas and Snacklins with further resources to support their growth as they scale and saturate national markets. This is a large part of a greater expansion plan from Union Kitchen, including the new 30,000 sq. ft. manufacturing facility opening this Summer in Eckington. Union Kitchen will also open 2 new retail stores in 2022, including one in Barracks Row.
