Press Release - March 16, 2021
Summary
Capital raise will support the completion and commercialization of leading software serving the meal preparation sector SAN DIEGO, March 16, 2021 –Meallogix®, the premier software that automates operations and business processes for meal prep company owners, announced today that it has successfully closed its oversubscribed Pre-Series A capital raise led by Tech Coast Angels, with participation from Spark Growth Ventures. Meallogix will use the funds to continue building its front- and back-end enterprise resource planning software, expand its reach domestically in the United States, launch an online learning platform specific to the meal prep sector, and add several key leadership roles in the company. “It’s exciting to support a company that offers a solution for a growing sector experiencing a real need for automation,” said Michael Weisman, entrepreneur and Tech Coast Angels deal lead. “At the same time, there are no comprehensive and sophisticated end-to-end technology solutions that enable the business potential of small- and medium-sized independent meal prep operators. Its dashboard allows meal prep owners to gain insight into critical financials, showing them which menu items drive profits and which do not.