Pizza Vending Machine Startup Basil Street Raises $10 Million in Funding
Basil Street, a high-tech pizza vending machine company, has closed a $10 million priced round of funding, setting the stage for a multi-city pilot program rollout launching in April across the United States.
Using state-of-the-art robotics technology, a groundbreaking cooking process, and the freshest ingredients, Basil Street claims it is primed to change the way consumers think about vending machine cuisine forever.
“After three years of perfecting the process to deliver unmatched brick-oven style gourmet pizza through the convenience of a stand-alone vending machine, we are excited about the next step to bring this unique proprietary concept, and more importantly great tasting pizza, to market,” said Deglin Kenealy, CEO of Basil Street. “This round of funding enables us to kick-off our pilot program next month with the hopes of escalating into a full-scale launch of our kiosks by the end of Q3 in 2020. In a time of robotic solutions, this one is truly revolutionary.”
Locations for the pilot program are still being confirmed, but target regions include Texas, Kansas, Missouri, North Carolina and Southern California, where Basil Street is headquartered.
Basil Street machines feature three 10-inch Italian style, thin crust pizza offerings: four-cheese, pepperoni and a “Pizza of the Month” selling between $6.95-$11.95.
All of Basil Street’s pizzas are made with the freshest ingredients and then flash frozen to preserve the flavor and freshness before being cooked-to-order in about three minutes. The cooking process utilizes their patent pending three element non-microwave speed oven.
The combination of the revolutionary oven technology and pizza quality create a finished product that rivals a high-end brick oven pizzeria. Basil Street says it has figured out how to deliver a wood-fire oven experience pizza in a fraction of the time.