Colombian Muncher, one of the leading foodtech companies in LatAm, secured a $27 million Series B round led by Glisco Partners. Glisco is a Mexican VC fund with previous investments in companies like ZeBrands, Kueski, Yalo, Mezcal Amarás, Volaris and More Pharma. With this funding round Muncher has raised nearly $53 million since 2019, when it was founded in Bogota.
This fresh funding will allow the foodtech to add hundreds more kitchens in the short term, in addition to the ones it already has in Colombia, Mexico, Peru and Brazil.
“We believe Muncher’s model of providing well-located, low-cost dark kitchens with technologically advanced digital sales tools that disrupt the traditional restaurant industry fits perfectly with our investment thesis. As is evident in its track record, this foodtech is ideally positioned to continue to grow rapidly and generate highly attractive returns for its investors and shareholders.”Alfredo Castellanos, managing partner of Glisco Partners.
Co-founded by Juan David Jaramillo, Andrés Villarraga and Nimrod Molad, Muncher is not only focused on its hubs selling through home delivery platforms, but also in dispatching through its own channels, implementing smart menus and customer data management.
The company has 400 food businesses distributed through 43 hubs in 11 cities in four countries: Colombia, Mexico, Peru and Brazil.