After raising $125M, Munchery fails to deliver

Start Food Delivery on Demand Munchery immediately ceases operations, announced Monday the start-up in an email. Founded in 2010, the San Francisco-based company raised a total of $ 125 million in venture capital funding, reaching a $ 300 million valuation with an $ 87 million round in 2015, according to PitchBook. Munchery was supported by Greycroft, ACME Ventures (formerly Sherpa Capital), Menlo Ventures, e.Ventures, Cota Capital, M13 and more. "Since 2010, we have been committed to delivering fresh, delicious local meals to your home, as well as to all our customers across the country," the company wrote in today's e-mail

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