Food delivery Startup Revolution Foods Secures New Debt Financing
Revolution Foods announced it has secured a new round of debt financing. Bridge Bank and ORIX participated in the offering.
Revolution Foods delivers ready-to-eat healthy meal kits for school children and families. Offering breakfast, lunch, snack, and supper meals, Revolution Foods’ meal options include spaghetti and meatballs, turkey and cheese sandwiches, chicken noodle and vegetable soups, freshly baked banana muffins, fruit, milk, and more.
The company revealed it will use its new line of credit to support general working capital requirements, while the balance will be used to refinance existing debt and to provide long-term growth capital for the company to invest in its manufacturing plant expansion and consumer packaged goods business.