{"id":652094,"date":"2013-04-12T10:00:42","date_gmt":"2013-04-12T14:00:42","guid":{"rendered":"http:\/\/www.pehub.com\/?p=195915"},"modified":"2013-04-12T10:00:42","modified_gmt":"2013-04-12T14:00:42","slug":"relay-foods-raises-8-25m","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/652094","title":{"rendered":"Relay Foods Raises $8.25M"},"content":{"rendered":"

Relay Foods<\/strong> said it raised $8.25 million. Few details were provided. The online foods market place said its investors were “market, tech, and social impact investors and investment funds.” Relay Foods added that it remains a Battery Ventures<\/strong> and TomorrowVentures<\/strong> portfolio company.<\/p>\n

PRESS RELEASE<\/strong><\/p>\n

Relay Foods, a Rapidly Growing Online Food Marketplace, Raises $8.25 Million<\/p>\n

Common Stock Sale Spurs Growth of Sustainable Online Food Company in the Mid-Atlantic<\/p>\n

Charlottesville, VA \u2013 \u2013 Relay Foods, a leading online grocer in the Mid-Atlantic, has raised $8.25 million to expand its service and make other key operational improvements. RelayFoods.com is an online food marketplace featuring an unmatched selection of high-quality sustainable and artisanal foods from hundreds of local producers, combined with a comprehensive grocery offering from leading national brands.<\/p>\n

The capital infusion \u2013 raised through a common stock-only sale \u2013 will enable the company to expand market share in the Washington, DC and Baltimore metro area markets and drive a planned expansion into Williamsburg, Virginia. The company is also using the funds to launch its first dedicated mobile platform, redesign its online marketplace, and make key executive team and development hires. These changes will further enhance Relay\u2019s position as a national leader in the rapidly-growing e-commerce segment of grocery retail.<\/p>\n

\u201cWe are extremely pleased to work with so many top-quality investors to bring our products and service to more customers,\u201d said Relay Foods founder and CEO Zach Buckner. \u201cWith our rapid expansion in the Mid-Atlantic region, our shift to next-day delivery across all markets, and our aggressive move into mobile, we believe Relay Foods will achieve huge growth throughout 2013 and make a strong positive impact in each of the communities we serve.\u201d<\/p>\n

Relay\u2019s enhanced online platforms for web and mobile will incorporate the company\u2019s improved ability to tailor user experience utilizing individual consumer preferences. In an effort to move towards the company\u2019s stated goal of 100% food system transparency, the new website and mobile application will also incorporate more robust information about Relay\u2019s producer-partners, including detailed product sourcing data and expanded nutritional data. In-depth vendor profiles, one-click recipes, and an innovative browsing experience will all further improve the user interface, giving customers informative and interactive ways to shop and connect with the local food community.<\/p>\n

Further, Arnie Katz, Co-Founder and President, noted the impact that additional behind-the-scenes operational changes will have: \u201cAdding over 15 new vehicles to our fleet, dramatically increasing our freezer and cooler capacity, and launching a commercial kitchen operation are all investments that customers cannot see immediately but that will dramatically enhance the overall Relay customer experience. These changes will enable the rollout of new pickup locations, the development of an in-house prepared foods line, and the addition of even more product offerings from local vendors.\u201d<\/p>\n

Investors who contributed to the $8.25 million round include a mix of forward-thinking market, tech, and social impact investors and investment funds. Relay Foods remains a portfolio company of Battery Ventures and TomorrowVentures.<\/p>\n

About Relay Foods
\nRelay Foods (www.relayfoods.com) is a leading online food retailer in the Mid-Atlantic, currently serving the Washington, DC metro area, Baltimore, MD, and Charlottesville and Richmond, VA. Relay offers a full selection of local and sustainable foods, national brands, and grocery staples from a range of producers, including local farms, food artisans, and national retailers. The company is a certified B-Corp, offering a service that strengthens local food economies and improves the quality of life of each family and individual they serve. Learn more at www.relayfoods.com.<\/p>\n

The post Relay Foods Raises $8.25M<\/a> appeared first on peHUB<\/a>.<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Relay Foods said it raised $8.25 million. Few details were provided. The online foods market place said its investors were “market, tech, and social impact investors and investment funds.” Relay Foods added that it remains a Battery Ventures and TomorrowVentures portfolio company. PRESS RELEASE Relay Foods, a Rapidly Growing Online Food Marketplace, Raises $8.25 Million […]<\/p>\n","protected":false},"author":7545,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-652094","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7545"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=652094"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652094\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=652094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=652094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=652094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}