Foodtech company Galley Solutions scores $14.2 million in funding

Galley Solutions, a foodtech software company that’s working to help businesses stop wasting food—and money—announced on Friday that it scored some $$ of its own, raising $14.2 million in Series A funding.

• The round was led by Astanor Ventures, with Zetta Venture Partners also participating, and brings its total funding to $20 million.
• The company said it will use the capital to add staff in sales and engineering.

Galley developed a kitchen-productivity platform that helps food businesses—including foodservice, restaurants, ghost kitchens, and DTC platforms—track operations data to guide purchasing and reduce waste and labor costs.

• CEO Benji Koltai was previously an engineering manager at food-delivery platform Sprig, which shut down in 2017, and co-founded Galley that year with brother-in-law Ian Christopher.

“The standardization of food data into a universal language is the next major technology shift that’s changing how food is planned, prepared, and profited from across the industry,” Koltai said in the funding announcement.

Waste not: With partners like DoorDash Kitchens, Thistle, and &pizza, the company said it grew subscription revenue by 280% last year, with 146% net dollar retention in Q1.

• Galley said it’s helped its partners slice their food waste by 25%.

Restaurants, grocery stores, and foodservice companies contribute to 40% of food waste in the US. But when a biz loses food, it also loses $$: According to a study by ChefHero, food-waste prevention strategies could save foodservice businesses ~$2 billion a year in profits.—EC