Stellar Pizza, a mobile pizza restaurant powered by robots, has secured $16.5 million in a Series A funding round, led by rapper Jay-Z’s venture capital firm, Marcy Venture Partners.
Previous fundraising rounds, led by Root Ventures with participation from Crosslink Capital and Collaborative Fund, raised a total of $9 million.
The start-up, which is led by former SpaceX engineers, Benson Tsai, Brian Langone and James Wahawisan, says the funds will be used to make strategic internal investments ahead of its launch at the University of Southern California this autumn.
Stellar Pizza is an automated, robotic pizza truck that aims to serve high-quality pizzas at affordable prices. Consumers can use an app to order their pizza, immediately after which, a ball of dough is dispensed from an integrated refrigerator and pressed into a circular shape.
Homemade sauce and fresh toppings are added and the pizza is sent to a 900°F oven. Once it has finished cooking, a conveyor retrieves it from the oven where it is sliced and packaged. The company says its mobile restaurant has the capacity to make 420 pizzas, with a single pizza taking less than five minutes to prepare.
Stellar Pizza is currently building a fleet of mobile restaurants with hopes of becoming a nationwide brand in the incoming years.
By Sian Yates
Consumer behaviors and preferences are evolving rapidly. With macro shifts in society, inflation and food supply challenges set to profoundly influence how people consume food and beverages, Givaudan is exploring what the world of dairy alternatives will look like in the coming decade.
After nearly three decades with AFI, Andersen is leaving to pursue a different career path “to work on diverse projects and explore opportunities to serve as board member”. Serving as CEO since 2010, Andersen joined AFI in 1994, initially overseeing applications and R&D. Over the years, he has maintained a strong focus on the whey business.
The Kraft Heinz Company has introduced five new members to its executive leadership team, who will collaborate with Carlos Abrams-Rivera upon assuming the CEO role in 2024. Pedro Navio will assume the position of North America president at the beginning of next year. In addition, Willem Brandt, Bruno Keller, Cory Onell and Diana Frost will join Abrams-Rivera and Navio on the executive leadership team.