Kaiser Permanente Ventures invests in $16M Series B Round to help Everytable change the food system in America
On November 17, 2020, Sam Polk, CEO of Everytable, posted on Medium that they’ve closed a $16M Series B funding round from new investors Creadev and Kaiser Permanente Ventures, with existing investors Desert Bloom, Candide Group, Inherent Group, Kimbal Musk, and others.
Everytable started in 2013 when Polk, a former hedge fund trader, founded a nonprofit to address food-related health problems in South LA. Seeing an opportunity to help families who had to buy food on-the-go because they were juggling multiple jobs and large families, Polk saw an opportunity to create a model that would sell nutritious food in “food deserts” like South LA at prices competitive with fast food.
“We’re also thrilled to partner with Kaiser Permanente Ventures, making its first investment in a fresh-prepared food company to support community health,” Polk shares in his post. “There is a growing movement in the healthcare world to address the social determinants of health through preventative medicine, and treating “food as medicine,” and so the backing of KP Ventures is a huge sign of confidence in this direction.”
You can read Polk’s full post here.