Benjamin McKean | Source | CEO and Founder at Hungryroot

Hungryroot is pioneering an entirely new way to grocery shop. We leverage proprietary technology to predict and deliver the groceries and recipes that best suit each individual customer’s needs and goals. The result is a customer-first, curated experience that reduces the average time consumers spend grocery shopping from two to three hours a week, to just two to three minutes. The days of walking into a giant grocery store with an empty cart and browsing through tens of thousands of items will soon be a routine of the past. Hungryroot does the work for customers so they don’t have to.

Every single month has been better than the last month in terms of revenue, in terms of retention, in terms of acquisition. This year, we’ll do $175 million, next year we expect to do over $300 million and maintain our profitability. At that point, the public market is certainly an option that we’re going to be considering.

We plan to use the new funds to expand from about 300 grocery items available each week to 3,000 over the next three years. Additionally, we will invest in new technology to improve our algorithms and automation technology, expand our team further and scale our marketing efforts.