Goodwin’s Technology team advised Pomegranate Technologies Inc. (d/b/a “Pepper”) in its $30 million Series B Preferred Stock financing round. The round was led by ICONIQ Growth with participation from existing investors, including Greylock, Imaginary Venture Capital Partners, Index Ventures and Harmony Partners.
Pepper, founded by the team that launched Uber Eats, is an eCommerce platform designed to be a growth engine for independent foodservice distributors, which enables food distributors to find new customers, deepen relationships, grow revenue, and run more efficiently. Pepper offers a suite of AI powered tools for distributor sales reps and customers to grow market share.
ICONIQ Growth partners with visionaries defining the future of their industries to transform the world. Their investment platform and ecosystem helps amplify portfolio companies’ success from early growth stage to IPO and beyond.
The Pepper deal team consisted of Larry Chu, Joshua L. Eisenson, Kyrsten Rodriguez (nee Keith), and Harper Vincent (Technology); JB Schiller (IPTS); Ora Grinberg (Tax); and Jacob R. Osborn and Jason Wilcox (Global Trade); with invaluable assistance from Jenny Gossen.
For additional details on the financing round, please read the press release.