Revolution Growth Invests in Healthy Meal Provider, Revolution Foods

New Funding Will Accelerate Expansion of Affordable, High-Quality Food into New Schools and Stores

June 4, 2014

Wash­ing­ton, D.C. and Oak­land, Calif. – June 4, 2014 – Rev­o­lu­tion Foods, the pre­em­i­nent provider of healthy, kid-​​inspired school meals and retail prod­ucts, today announced a sig­nif­i­cant new invest­ment from Rev­o­lu­tion Growth. As part of the invest­ment, Steve Case will join the company’s board. The invest­ment will help Rev­o­lu­tion Foods expand its school meal ser­vice and line of ready-​​to-​​eat Meal Kits into new schools and stores, pro­vid­ing more Amer­i­can fam­i­lies with access to afford­able, deli­cious healthy food.

Founded by two moms with back­grounds in edu­ca­tion, Kristin Groos Rich­mond and Kirsten Saenz Tobey, Rev­o­lu­tion Foods helps solve the chal­lenge of pro­vid­ing access to high-​​quality, deli­cious food that meets (and exceeds) the Healthy Hunger Free Kids Act require­ments under the National School Lunch Pro­gram and Child Adult Care Food Pro­gram guide­lines, which allow school meals to be reim­bursable. The com­pany cur­rently pre­pares and deliv­ers more than one mil­lion fresh meals each week to approx­i­mately 1,000 schools nation­wide, the major­ity of which are in the nation’s most under­served communities.

Rev­o­lu­tion Foods Meal Kits, launched in 2013, are avail­able in gro­cery stores through­out the coun­try, and the high-​​quality ingre­di­ents make them the first of their kind in the cat­e­gory.  Their kid-​​designed meals are made from high-​​quality, nat­ural ingre­di­ents that never include high fruc­tose corn syrup or arti­fi­cial col­ors, fla­vors or preservatives.

We are thrilled that Rev­o­lu­tion Growth believes, as we do, that kids should not have to face a trade­off between eat­ing great-​​tasting healthy food and eat­ing afford­ably,” said Kristin Groos Rich­mond, co-​​founder and CEO of Rev­o­lu­tion Foods. “We look for­ward to part­ner­ing with Steve Case and the Rev­o­lu­tion Growth team as we bring our mis­sion of build­ing life­long healthy eaters to fam­i­lies across the United States.”

There are many facets to address­ing the health­care chal­lenges we face in our coun­try – and one of them is access to health­ier food options at home, at work, on the road, and espe­cially in our schools,” said Steve Case. “Rev­o­lu­tion Foods is poised to build an iconic brand and com­pany by unleash­ing a rev­o­lu­tion in healthy eat­ing that kids, par­ents, teach­ers and com­mu­ni­ties can all celebrate.”

Rev­o­lu­tion Foods’ unique dis­tri­b­u­tion model allows them to deliver fresh and healthy meals to schools every day via seven culi­nary cen­ters, which employ more than 1,000 indi­vid­u­als around the coun­try with an empha­sis on pro­vid­ing jobs for inner city work­ers. Rev­o­lu­tion Foods’ school meals are reim­bursable to stu­dents who qual­ify and costs are kept low in part by an inno­v­a­tive sup­ply chain and national scale.

Fam­i­lies can also bring Rev­o­lu­tion Foods into their homes via the company’s Meal Kits, avail­able in more than 2,000 gro­cery stores (such as Safe­way, Vons and HEB) through­out the U.S. As with their school meals, the Meal Kits are made with high-​​quality ingre­di­ents and no arti­fi­cial col­ors, fla­vors or preser­v­a­tives or high fruc­tose corn syrup.

About Rev­o­lu­tion Growth

Founded and led by Steve Case, Ted Leon­sis, and Donn Davis, Rev­o­lu­tion Growth invests in com­pa­nies that can change the world. Its mis­sion is to build dis­rup­tive, inno­v­a­tive busi­nesses that offer con­sumers more choice, con­ve­nience, and con­trol in their lives. By tak­ing a long-​​term approach and devel­op­ing a true, hands-​​on part­ner­ship with entre­pre­neurs and man­age­ment teams, Rev­o­lu­tion Growth brings a unique strat­egy and pas­sion to invest­ing in and build­ing sig­nif­i­cant com­pa­nies. For more infor­ma­tion, visit www​.rev​o​lu​tion​.com/​g​r​o​wth.

About Rev­o­lu­tion Foods

Rev­o­lu­tion Foods is com­mit­ted to trans­form­ing the way Amer­ica eats by pro­vid­ing access to great-​​tasting, healthy meals for fam­i­lies across Amer­ica. Since its found­ing in 2006, it has served over 100 mil­lion healthy, kid-​​designed afford­able meals to schools across the coun­try. Expand­ing upon its suc­cess in schools, Rev­o­lu­tion Foods launched a line of high-​​quality, ready-​​to-​​eat Meal Kits, avail­able at retail. Today, its 1,000+ locally-​​hired employ­ees share in the Rev­o­lu­tion Foods mis­sion by cre­at­ing and deliv­er­ing over one mil­lion freshly pre­pared meals to stu­dents in schools, every week. Based in Oak­land, CA it was twice named the sec­ond fastest grow­ing com­pany in America’s inner cities by the Inner City 100 List and ranked by Fast Com­pany as #6 (for food) on the world’s 50 Most Inno­v­a­tive Com­pa­nies. For more infor­ma­tion visit http://​www​.rev​o​lu​tion​foods​.com.

Media Con­tacts:

Mered­ith Balenske, Rev­o­lu­tion
Phone:  202.776.1413 Mobile: 202.680.479
Email: meredithb@​revolution.​com

Shelly Puri, Rev­o­lu­tion Foods
Mobile: 415.335.9355
Email: Shelly@​revolutionfoods.​com