U.S.-based food distributor FoodMaven has collected an additional $10 million in new funding round.
The round was conducted by Tao Capital Partners, which will join FoodMaven’s board of directors.
With the net proceeds, FoodMaven will support its ongoing rapid growth especially the purchasing complementary food business strategy as it enters new markets.
More so, FoodMaven aims to enter Dallas as its next market early this year and the round provides momentum into a $50 to $70 million Series B projected for early in the second quarter of this year.