The Kraver’s Group has secured $3 million in Series A funding. Best known for its cloud kitchen startup Kraver’s Canteen which runs 11 cloud kitchens in the Philippines. The two-year-old startup’s Series A funding round was led by Quest Ventures Asia Fund II as its first investment in the Philippines.
Kraver’s Canteen is Quest Ventures’ third cloud kitchen investment in the region, having previously invested in Indonesian cloud kitchen operator Yummy Corp.
Founded in 2020, Kraver’s Canteen is led by its Head of Tech and Operations Victor Lim along with Head of Food and Product, Eric Dee, as well as Victor Mapua, Head of Infrastructure and Finance. Kraver’s Canteen raised $1.5 million in April 2021 during its Seed funding round.
Kraver’s technology provides high-end meal experiences for its customers by allowing them to heat food without using a microwave. Moreover, Kraver has a metaverse experience – Kra-Verse Food Hall – to make the ordering experience fun for their customers. An online brand known as Krave is featured on the Kra-verse Food Hall, allowing it to address food trends quickly due to its ability to add and remove items rapidly as a cloud kitchen. Kraver plans to incorporate this technology into many different brands.
“The three Kraver’s founders have demonstrated a granular-level understanding of the cloud kitchen business and its ancillary domains; their unique backgrounds and experiences have added management bench diversity, making them even stronger when they come together.” Said Jeffrey Seah, Partner of Quest Ventures Asia Fund II.