GiftAMeal just signed Andy’s Frozen Custard’s 16 franchise locations as new customers. Andy’s locations are in St. Louis, Columbia, and Osage Beach, Missouri as well as North Carolina – a new state for GiftAMeal.
Andrew Glantz, GiftAMeal CEO
“This is the next ‘dip of the toe in the water’ as we expand the GiftAMeal foot print,” CEO Andrew Glantz told the 4thEst8. “We also had a single location restaurant in New Hampshire who reached out to us last fall, and their business has seen a significant up tick.”
GiftAMeal is a for-profit marketing company with a socially conscious mission. Through it’s free mobile app users take a photo of their order at a GiftAMeal partner restaurant. For every post to social media, GiftAMeal makes a donation to a local food bank to cover a meal for someone in need. GiftAMeal partners pay a monthly subscription, partly for the marketing aspect of the service and partly to support the food bank effort.
Glanz claims GiftAMeal has 290 restaurant partners and 45,000 app users, providing more than 800,000 meals to those in need. GiftAMeal picked up $100,000 in a non-dilutive follow-on investment from Arch Grants, concurrent with a $400,000 angel round this spring. Since the company got its start in 2014 it has had four seed rounds with the total raised (counting grants) topping $769,000 according to CrunchBase, where investors are identified as Capital Innovators, Skandalaris Center, Arch Grants and private investors.
Links:
On the 4thEst8:
