<div>
 
 Management News
 
 <ul>
 <li>
 
 <a href="https://sp-edge.com/companies/493365">
 Nextbite
 </a>
 has laid off an undisclosed number of employees in the company&rsquo;s third round of 
 <a href="https://sp-edge.com/updates/11609">
 layoffs
 </a>
 since April 2022. (May 18, 2023, 
 <a href="https://www.restaurantdive.com/news/nextbite-lays-off-employees-may-shut-down/650688/">
 Restaurant Dive
 </a>
 )
 
 </li>
 </ul>
 
 Funding
 
 <ul>
 <li>
 
 LANCH, a provider of virtual brands has raised EUR 2.5 million (~USD 2.7 million) in a pre-seed round which saw participation from German celebrity investors such as Mario G&ouml;tze, Luciano, Jens &ldquo;Knossi&rdquo; Knossalla, Trymacs, and Andr&eacute; Sch&uuml;rrle. With the announcement of this funding round, LANCH, founded in late 2022, has moved out of its stealth phase. The company plans to build food brands based on celebrities to cater to their fan base. (May 25, 2023, 
 <a href="https://www.forbes.com/sites/jonathankeane/2023/05/25/celebrities-line-up-to-back-german-virtual-kitchen-start-up-lanch/?sh=77b53de0e929">
 Forbes
 </a>
 )&nbsp;
 
 </li>
 <li>
 
 Coho Collective, a provider of commissary kitchens services, has announced the closing of a previously announced non-brokered private placement for gross proceeds of CAD 1.65 million (USD 1.23 USD), in the form of convertible debentures of the company. The company plans to utilize the proceeds received from the offering for the advancement of the company's facilities, M&amp;A, and general corporate activities. (May 24, 2023, 
 <a href="https://www.newsfilecorp.com/release/167411/Coho-Collective-Kitchens-Inc.-Announces-Eighth-and-Ninth-Locations-Along-with-Closing-of-Previously-Announced-Nonbrokered-Private-Placement">
 Press release
 </a>
 )
 
 </li>
 </ul>
 
 Partnership&nbsp;
 
 <ul>
 <li>
 
 <a href="https://sp-edge.com/companies/187876">
 Reef
 </a>
 and Wendy&rsquo;s are to close down all Wendy&rsquo;s cloud kitchen locations in the US as Wendy&rsquo;s shifts its focus toward traditional models of operation. (May 10, 2023, 
 <a href="https://www.restaurantdive.com/news/wendys-will-close-remaining-us-reef-units-q2-2023/649917/">
 Restaurant Dive
 </a>
 )
 
 </li>
 </ul>
 
 
</div>

Defining the future of the restaurant business.

Cloud Kitchens

Monthly News Summary (May 2023)

Monthly News Summaries (March & April 2023)

C3 announces partnership with Snap-O-Razzo

JustKitchen launches communal food court for virtual food brands

PepsiCo introduces ghost kitchen solutions for food service partners

Nextbite partners with Nestlé to launch ‘Nestlé Toll House Cookie Delivery’ in seven US cities

JustKitchen announces new B2B and D2C agreements in Taiwan

Kitchen United and Kroger announce three new cloud kitchen locations in Central Ohio

JustKitchen announces plans to expand Hong Kong operations with launch of new kitchen locations

Grab announces plans to cease GrabKitchen operations in Indonesia

All Updates