Hungryroot was founded in 2015 by Benjamin McKean, Franklin Becker, and Gregory Struck. The company has not publicly endorsed plans to participate in an IPO, but in 2022, however, announced significant expansions to its leadership team that will help "take Hungryroot through our next phase of growth."
Hungryroot is an AI-powered grocery delivery service that offers a large selection of proprietary recipes. The company experienced rapid growth throughout 2021 and 2022, at one point being named the 10th fastest growing food and beverage company, according to Inc.com. Hungryroot has raised $75 million in venture capital funding from investors including L Catterton, Lightspeed Venture Partners, and Crosslink Capital. The company was valued at $750 million following a $40 million fundraising round in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.