We are thrilled to announce that our McWin Food Tech Fund has made its first investment in Cook Unity, a leading ready-to-eat subscription model company operating in 7 cities in the United States. With over 45,000 ordering subscribers and $140 million annual recurring revenues as of October 2022, Cook Unity has established a strong foothold in the industry and is ready to continue scaling their operations.
We have a long-standing relationship with the company, and the journey has been nothing short of incredible. The leadership of Mateo, a third-time founder, and his team has been exceptional. We have been working closely with the management team to help achieve operational excellence and assist them in their growth. This is something we enjoy doing; working hand-in-hand with our portfolio companies to help deliver their best results.
The company’s clear path to profitability in all kitchens by 2024 is a testament to their focus and determination. They plan to continue growing in the US and become a dominant player in the industry.
Our investment in Cook Unity aligns with our fund’s investment thesis of backing high-growth companies with innovative business models and exceptional leadership. We believe that the ready-to-eat subscription model is a trend that is here to stay and will continue to grow in popularity, and Cook Unity is well-positioned to capitalize on this trend.
“We are thrilled to have successfully completed the initial transaction through the McWin Food Tech Fund. This investment in Cook Unity solidifies our alliance with a forward-thinking company that will assist us in further advancing the food value chain, revolutionizing the way we eat, distribute and present food.”
Partner and Head of Food Tech, McWin
“Cook Unity’s mission is to unlock the world’s best food creators and bring their creations to the doorstep of the masses. That ambition comes with a high degree of complexity. Food is one of the most complex types of operation there is. McWin was an ideal partner for our stage bringing world-class expertise in food and operations.“
CEO, Cook Unity