A Note About RealEats

SKANEATELES, NEW YORK (MARCH 9, 2023): Last week we learned RealEats would formally close this month after six years in operation. When Armory Square Ventures first invested in the company in July 2020, our team was already sampling RealEats meals and actively using the company’s services through pandemic lockdowns. With tens of thousands of satisfied customers, the company has been a steward of cutting-edge innovation in meal delivery. Last June, RealEats broke ground on an 80,000 square foot facility in Geneva. Several ASV team members attended the launch.

2023 has been a tenuous year for startup companies. RealEats, like many other businesses operating in an inflationary environment, has been severely impacted by cyclical macroeconomic trends. This is sad news for a company that showed great potential. We are hopeful RealEats employees will quickly be able to find work and we wish them our best.

Armory Square Ventures is currently one of the top performing funds in its class and has returned a higher multiple of invested capital than almost any of its peers. We strive to continue investing in great entrepreneurs in our region and across the Midwest, as well as in cities overlooked by traditional venture capital investors.

About Armory Square Ventures 

Armory Square Ventures (ASV) is a returns-oriented, mission-focused technology venture capital firm based in the Finger Lakes region of New York State. We created the company in 2014 to seed greater opportunities and jobs for those living in our region and across the Midwest. Over the past decade, ASV has catalyzed the creation of over 2,500 jobs in Upstate New York and beyond in a range of sectors and has provided jobs and opportunities for early-stage ventures across the country.