The first company from former Uber CEO Travis Kalanick to get a $50 million Series B round led by investors including Andreessen Horowitz, Kleiner Perkins Caufield & Byers and Draper Fisher Jurvetson, according to a regulatory filing.
The venture capital firm Andreessen said in a filing with the Securities and Exchange Commission that it expects the investment to yield $5.6 million.
The firm said the funding will fund the company’s development of its first product, a smart kitchen and food-delivery app, as well as help develop an online store, as part of a broader funding round.
The startup, called Burnips, plans to begin operations by next year, with the first customers expected to arrive in 2019.
Burnips is based in the San Francisco Bay Area.
The company, which has been building its product in-house, has built out a team of over 100 developers and engineers, according the filing.
It said the company is also working with a large-scale food delivery service and is seeking to hire a senior food and beverage manager.