FoodMaven, Colorado Springs, Colo., closed a $15.3 million Series B financing from Tao Capital Partners, San Francisco, and Fine Line Group, also based in San Francisco, to support the company’s growth and expansion.
"We’re excited to have incredible investors that share our mission of making sure all food is used with good purpose. This funding will allow us to prove out the FoodMaven model in new markets and continue to grow here in Colorado," says Ben Deda, chief executive officer.
Over the next 12 months, FoodMaven intends to bring its business model to Dallas-Fort Worth, Texas, and additional markets nationwide.
"We are committed to investing in Fort Worth and introducing the world to the city we call home. Our backing of FoodMaven is a signal that we are serious about bringing innovative and sustainable concepts to Sundance Square, DFW, and beyond," says Sasha Bass, principal of Fine Line Group.