New York-based cooking company Food52 has secured $83 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on October 3 and financed by TCS Capital Management.
According to its Crunchbase profile, "Food52 is an online portal that provides a curated shop, content and community for kitchen and home enthusiasts. It is a growing community of 13 million cooks and home enthusiasts and a one-stop-shop where individuals can be inspired by great ideas and find the tools and tips to bring them to life. The company is driven by a mission to reimagine every room in the house and remake everything in it."
The 11-year-old company has raised four previous funding rounds, including a $4.2 million Series B round in 2017.
The round brings total funding raised by New York companies in food and beverage over the past month to $224 million, an increase of $132 million from the month before. The local food and beverage industry has produced 71 funding rounds over the past year, yielding a total of $806 million in venture funding.
In other local funding news, insurance company Unqork announced an $80 million Series B funding round on October 3, led by CapitalG.
According to Crunchbase, "Unqork is a no-code enterprise application platform that helps large companies build, deploy and manage complex applications. Companies like Liberty Mutual, Goldman Sachs, and John Hancock are using Unqork’s drag-and-drop interface to build enterprise applications faster, with higher quality and lower costs than conventional approaches. The company was founded in 2017 and is headquartered in New York."
Founded in 2017, the company has raised two previous rounds, including a $22 million Series A round earlier this year.
Meanwhile, project management and construction company Riskcast Solutions raised $600,000 in pre-seed funding, announced on September 17.
From the company's Crunchbase profile, "Riskcast Solutions is a productivity and forecasting tool that provides a way for project managers to track labor, material and equipment without maintaining multiple spreadsheets. The company's mission is to empower the construction industry by providing data to decrease risk in all areas of performance while putting project teams first in all that the company does. The company uses a proprietary database to integrate key data such as labor productivity, in-place quantities, equipment usage, worker certifications, safety metrics, quality issues and more."
Riskcast Solutions last raised $100,000 in pre-seed funding earlier this year.