Investing In Spyce
Collaborative Fund has backed several new retail concepts over the last five years, including, Blue Bottle Coffee, Sweetgreen, and byChloe. Today, we are excited to add Spyce to this list.
Our thesis behind this investment was simple: Fresh and delicious food at a reasonable price = recipe for success. Just check out some of the reviews:
For those unfamiliar, Spyce is a Boston-based new restaurant concept founded by four extraordinary entrepreneurs from MIT. They’re leveraging technology to lower costs and improve the consumer experience. Specifically, they’re using robots and machines for much of the food preparation and order-placing to streamline the process.
While there are several new restaurants experimenting with robots, Spyce has found product-market fit. They understand where and when to utilize technology and where and when human interaction matters most. Many people like to talk about robots replacing humans or humans fundamentally being better than robots – but our belief is: when the two work well together, the result is optimal. And the Spyce team has found that intersection.
We are thrilled by the opportunity to work closely with Michael, Kale, and the rest of the Spyce team in this next phase of growth. Also, we are proud to invest alongside other great investors and chefs, including, Daniel Boulud, Thomas Keller, Jerome Bocuse, and Gavin Kaysen.
Spyce’s mission is to expand access to healthy and delicious food at a broadly accessible price point. We can’t think of a better way to create massive impact and financial returns, and we’re excited to support this company’s development.
Craig