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Arlington-based catering company HUNGRY almost profitable after latest funding round

Sponsored by Monday Properties and written by ARLnow, Startup Monday is a weekly column that profiles Arlington-based startups, founders, and other local technology news. Monday Properties is proudly featuring Three Ballston Plaza

After raising tens of millions of dollars, Ballston-based catering startup HUNGRY says it is on the verge of being profitable.

Last week, the company — which partners with chefs who prepare meals for offices and events — announced that it raised $10 million in possibly its last fundraising round. HUNGRY has raised $60 million to date and is now valued at $270 million.

A number of professional athletes, including players from the Portland Trail Blazers, the Seattle Seahawks, the Baltimore Ravens and the Houston Texans, contributed to HUNGRY’s $10 million Series C1 funding round.

The company has also received funding in previous years from rapper Jay-Z and comedian Kevin Hart.

In a statement, co-founder and CEO Jeff Grass he is proud that HUNGRY has attracted the attention of big-time investors and leading investment funds.

“It’s a recognition of the unique strengths of our business model and how far we’ve progressed since inception in late 2016/early 2017,” he told ARLnow. “It represents a step-up in valuation during a time where average valuations have fallen a great deal. It also represents investor confidence in our team and a recognition that, with Return-to-Office driving accelerated growth in office catering, we’re a fast growth company in a fast-growing industry.”

Indeed, Inc. 5000 has recognized HUNGRY as one of the nation’s fastest-growing companies.

Since the recognition last summer, the company has been setting new sales records monthly, Grass said. The company also acquired NatureBox and now delivers health-conscious snacks to offices in a bid to lure workers back to the office after Covid and the embrace of remote work.

HUNGRY founders Eman Pahlavani, Shy Pahlevani and Jeff Grass (photo courtesy HUNGRY)

The startup has expanded to 13 U.S. cities, according to its website. The chefs and meals available vary based on the location of where the order is placed.

Through this expansion, Grass emphasized the importance of HUNGRY’s Arlington roots.

“Most of our senior leadership team works out of our Arlington office,” he said. “We’re proud of where we come from, as Arlington provides us access to some of the best talent in the country.”

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