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Pacific Community Ventures Completes $3.5M Equity Investment in Fresh Dining, Inc. to support geographic expansion of Fresh Dining’s premium gourmet home meal delivery service.
Pacific Community Ventures, Inc. together with its affiliated investment vehicle Pacific Community Ventures, LLC (collectively "Pacific Community Ventures"), a private equity firm focused on small, high-growth California businesses is pleased to announce that it has successfully completed a $3.25M equity investment in Fresh Dining, Inc. The capital will be used to support the geographic expansion of Fresh Dining's premium gourmet home meal delivery service.
“Fresh Dining has developed an outstanding and upscale brand, and we are pleased to support this organization's growth into new markets," stated Eduardo Rallo, a partner with Pacific Community Ventures. "Fresh Dining offers a distinctive service of conveniently delivering premium all-natural gourmet meals to people's homes or places of business.”
“Pacific Community Ventures has been instrumental in the growth of several consumer brands and has already been a tremendous resource in helping guide the company both strategically and operationally." Remarked Todd DeMann, Fresh Dining's Chief Executive Officer. "They are an ideal partner to us as we enter new markets and grow our business.”
Fresh Dining was founded in 2005 to fill the need for high quality gourmet meals conveniently delivered to one's home. The company is regularly featured in a number of nationally recognized lifestyle and entertainment media outlets as a result of its high profile work creating customized meal plans for celebrities. It offers its services throughout Southern California and has plans to expand into other markets in the near future.