While the venture capital market has seen a slowdown in 2022, mission-driven startups have received funding, showcasing that investors are still interested in backing companies with a purpose beyond profits.
Everytable Secures $25 Million Series C-2 Round
On June 27, Everytable, a food tech startup focused on making healthy prepared food accessible and affordable, announced a $25 million Series C-2 round led by Dohmen Impact Investment Fund. This investment will help the company expand its retail footprint, aiming to open 25 stores in the latter half of 2023.
A Bright Spot Amidst Venture Capital Slump
This deal is notable for several reasons:
- Investor appetite: Despite the venture capital slowdown, investors are still interested in backing mission-driven startups.
- Impact-focused investing: The lead investor, Dohmen Impact Investment Fund, backs companies building food solutions to enhance human health.
- Growth amidst economic conditions: Everytable has been able to expand its store count despite the current economic conditions.
Impact-Driven Startups Receive Funding
Everytable’s funding is part of a larger trend of impact-driven startups receiving investment. According to new data from PitchBook, there were 1,930 late-stage deals in the U.S. in the first half of 2023. However, the number of late-stage deals is not on pace to break its slump this year.
Key Takeaways
- Investor interest: Despite the venture capital slowdown, investors are still interested in backing mission-driven startups.
- Growth amidst economic conditions: Everytable has been able to expand its store count despite the current economic conditions.
- Impact-focused investing: The lead investor, Dohmen Impact Investment Fund, backs companies building food solutions to enhance human health.
Conclusion
While the venture capital market has seen a slowdown in 2022, mission-driven startups have received funding, showcasing that investors are still interested in backing companies with a purpose beyond profits. Everytable’s $25 million Series C-2 round is a bright spot amidst the venture capital slump and highlights the growing interest in impact-focused investing.
Investor Interest Remains Strong for Mission-Driven Startups
- Dohmen Impact Investment Fund: The lead investor, Dohmen Impact Investment Fund, backs companies building food solutions to enhance human health.
- Everytable’s growth: Despite the current economic conditions, Everytable has been able to expand its store count.
Impact-Focused Investing on the Rise
- Late-stage deals: According to new data from PitchBook, there were 1,930 late-stage deals in the U.S. in the first half of 2023.
- Investor appetite: Despite the venture capital slowdown, investors are still interested in backing mission-driven startups.
Key Statistics
- Late-stage deals: 1,930 in the U.S. in the first half of 2023
- Everytable’s store count: Aiming to open 25 stores in the latter half of 2023
Conclusion
While the venture capital market has seen a slowdown in 2022, mission-driven startups have received funding, showcasing that investors are still interested in backing companies with a purpose beyond profits. Everytable’s $25 million Series C-2 round is a bright spot amidst the venture capital slump and highlights the growing interest in impact-focused investing.
Related Articles
- Venture Capital Trends: Impact-Focused Investing on the Rise
- Everytable Secures $25 Million Series C-2 Round to Expand Retail Footprint
- Late-Stage Deals Down, but Investor Appetite Remains Strong for Mission-Driven Startups
