Welcome!

Machine Learning Authors: Yeshim Deniz, Elizabeth White, Pat Romanski, Liz McMillan, Zakia Bouachraoui

News Feed Item

Smart Lunches Snacks on Over $1 Million in Series A Funding

Round Led by Data Point Capital

BOSTON, MA -- (Marketwire) -- 08/23/12 -- Smart Lunches (www.smartlunches.com), one of the Internet's fastest growing providers of healthy meal options for children outside of the home, announced today that it closed a Series A investment round, securing over $1 million in additional capital. Investors included Boston-based Data Point Capital, Jonathan Kraft, President of The Kraft Group, and Lon Chow, General Partner of Apex Venture Partners, based in Chicago. Smart Lunches partners with schools, daycare centers and camps to serve children fresh, nutritious meals that parents can order 24 hours a day with the click of a mouse. These meals are delivered free to the facility each day, relieving the Smart Lunches partner -- and parents -- of the responsibilities that go along with daily lunch planning and preparation.

"This round of funding will be used to expand into additional regions and market categories, while continuing to raise the bar on the quality of our food and our customer experience," said Emily Green, CEO of Smart Lunches. "This support is coming at a pivotal time as we are growing rapidly. We just completed our first acquisition, allowing us to offer healthy snack choices through our Smart Snax vending machines. Having served thousands of lunches each month over the summer; we're preparing for the start of the school year and believe it will be the most significant yet." Green noted that currently Smart Lunches is adding a new partner every 2-3 days.

Founder and General Partner of Data Point Capital Scott Savitz commented: "Smart Lunches is exactly the type of company we target for our investments. The breadth of strong metrics in the business, such as revenue growth, new customer acquisition, customer satisfaction, frequency of purchase and lifetime value, combined with its technology and user experience, all point to an amazingly robust business that will demonstrate powerful economies of scale while it successfully transforms the way kids and parents think about meals away from home. I'm looking forward to watching Smart Lunches become a tremendous business people can feel good about."

About Smart Lunches: Smart Lunches' online ordering brings fun, nutritious high-quality meals to kids while providing great selection and convenience to parents. Smart Lunches is one of New England's fastest growing companies, serving thousands of students each day at schools, daycare centers and camps. Smart Lunches operates www.smartlunches.com and Smart Snax vending machines. The company gives back by sharing a portion of its earnings with its partners and by contributing to other programs to support underprivileged children -- proving great businesses can do great things while having a higher purpose. If your child is not receiving Smart Lunches, please inquire at [email protected].

About Data Point Capital: Data Point Capital focuses on companies that can be leveraged and scaled on the Internet and touch the consumer. Categories of interest include mobile, gaming, social networks, payments, comparison shopping, e-commerce and emerging technologies. The fund is stage-agnostic, allowing for investments in seed, early stage, mid-stage, late stage or controlling interest deals and is made up of business executives and internet leaders who have created tremendous value through building a number of very successful companies. The fund was founded by Scott Savitz, who is a strong advocate of entrepreneurship and innovation. Scott is also the founder and former CEO of Shoebuy.com. He also serves on the boards of Bluestem Brands, SimpleTuition, Two Ten, and MITX, is Executive Chairman of Smart Lunches, and serves as an Advisor for Olejo Stores and On The Spot Systems, Inc. Scott also serves on several committees focused on fostering growth and a more robust economy including the Massachusetts Technology Collaborative and Co-Chair of 12 X 12.

Contact:
Tess Gallagher
Marketing Director
[email protected]
857-239-9974

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

CloudEXPO Stories
OpsRamp is an enterprise IT operation platform provided by US-based OpsRamp, Inc. It provides SaaS services through support for increasingly complex cloud and hybrid computing environments from system operation to service management. The OpsRamp platform is a SaaS-based, multi-tenant solution that enables enterprise IT organizations and cloud service providers like JBS the flexibility and control they need to manage and monitor today's hybrid, multi-cloud infrastructure, applications, and workloads, including Microsoft Azure. We are excited to partner with JBS and look forward to a long and successful relationship.
The Master of Science in Artificial Intelligence (MSAI) provides a comprehensive framework of theory and practice in the emerging field of AI. The program delivers the foundational knowledge needed to explore both key contextual areas and complex technical applications of AI systems. Curriculum incorporates elements of data science, robotics, and machine learning-enabling you to pursue a holistic and interdisciplinary course of study while preparing for a position in AI research, operations, software or hardware development, or doctoral degree in a sector poised for explosive growth.
CloudEXPO has been the M&A capital for Cloud companies for more than a decade with memorable acquisition news stories which came out of CloudEXPO expo floor. DevOpsSUMMIT New York faculty member Greg Bledsoe shared his views on IBM's Red Hat acquisition live from NASDAQ floor. Acquisition news was announced during CloudEXPO New York which took place November 12-13, 2019 in New York City.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the modern business digitalization solutions. Achieve up to 50% early-stage technological process development cost cutdown with science and R&D-driven investment strategy with Codete's support.
Tapping into blockchain revolution early enough translates into a substantial business competitiveness advantage. Codete comprehensively develops custom, blockchain-based business solutions, founded on the most advanced cryptographic innovations, and striking a balance point between complexity of the technologies used in quickly-changing stack building, business impact, and cost-effectiveness. Codete researches and provides business consultancy in the field of single most thrilling innovative technology today, allowing brand new ways of business process digitalization and optimization. Our team comprises of top-class blockchain experts, experienced in working with fast-changing tech stack, and with academic-level expertise in applied-mathematical foundations of blockchain.