TEDCO, Maryland’s economic engine for technology companies, announced a recent $500,000 investment in Vegetable + Butcher. This investment was given through TEDCO’s Venture Funds with more than $300,000 of the investment delivered from TEDCO’s State Small Business Credit Initiative (SSBCI) allocated funding.
“At our core, Vegetable + Butcher is an organization that’s profoundly dedicated to leveraging food and technology to create lasting impact—for our customers, our partners, our communities and our earth,” said Ariane Valle, co-founder and chief experience officer of Vegetable + Butcher.
“Poor diet is by far the #1 risk factor driving death and disease in our country. With TEDCO’s investment, we can continue to make meaningful improvements to our product, platform, and technologies to help transform lives through better nutrition,” followed Turner Hoff, co-founder and CEO.
Vegetable + Butcher, located in Upper Marlboro, Md., is a meal delivery service that has implemented an innovative technology solution with the goal of putting nutrition on autopilot by making a simple process for active, busy people to eat healthy, local food. The online platform allows customers to create personalized meal programs tailored to individual goals, lifestyles and dietary preferences, supporting an intuitive and sustainable approach to nutrition. The closed-loop supply chain allows them to avoid the waste prevalent in the meals-as-a-service (MaaS) industry. Since Vegetable + Butcher delivers fresh, scratch-made and seasonally focused meals, the company can offer a wider selection of fruits and vegetables not typically offered due to their delicate nature.
“Vegetable + Butcher works to implement innovative technology to combat a prevelant problem in the MaaS industry,” said Katherine Hill Ritchie, senior director of TEDCO’s Venture Funds. “This investment is just one example of how TEDCO supports technology innovations across all trades to grow Maryland’s economy.”
TEDCO’s evergreen Venture Funds are dedicated to funding and growing the next generation of early-stage businesses in Maryland. Learn more at https://www.tedcomd.com/funding/venture-funds.
About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
