Hogan Lovells advises ALLVP in US$15 million Series B funding of MUY, expanding the "cloud kitchen" in South America

Washington D.C., 5 November 2019 – A team from global law firm Hogan Lovells has advised ALLVP, a Mexico-based venture capital fund, as it took a lead role in the Series B funding of Colombian food tech company MUY Tech Inc. The second round of funding raised a total of US$15 million.

Washington D.C., 5 November 2019 – A team from global law firm Hogan Lovells has advised ALLVP, a Mexico-based venture capital fund, as it took a lead role in the Series B funding of Colombian food tech company MUY Tech Inc. The second round of funding raised a total of US$15 million.

The South American fast food market is expected to grow significantly as its economies develop and its populations increasingly adapt to city life. The investors were led by ALLVP, with previous investor Seaya also returning. The Series B funding brings MUY’s total funding to US$20.5 million.

MUY operates “virtual kitchens,” allowing users to place personalized orders in one of its physical restaurants or through a mobile app. The kitchens are fully-equipped commercial spaces operated by tenant restaurants and chefs. MUY’s concept also currently includes 20 physical dining locations offering personalized, freshly-prepared, fast-casual dining.

 

The Hogan Lovells team was led by Washington D.C. Finance partner Wylie Levone, with support from Mexico City-based foreign legal associate Antonio de la Esperanza.


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