Pepper, a New York–based AI-enabled, end-to-end technology platform for independent food distributors, has raised $50 million in Series C funding.
Investors
The round was led by Lead Edge Capital, with participation from existing investors including ICONIQ Capital, Index Ventures, Greylock, Harmony Partners, and Interplay.
Lead Edge Capital is a growth equity investment firm headquartered in New York City, with additional offices in Santa Barbara, California, and London. The firm specializes in providing flexible equity capital and strategic support to technology-oriented companies, primarily in the software, internet, consumer, and tech-enabled services sectors.
Pepper Use of Funds
The company will use the funding to accelerate AI and data innovation, expand its product modules, scale ERP integrations, and invest in go-to-market and customer success initiatives.
About Pepper
Pepper provides an end-to-end technology platform for food distributors, powering ordering, sales, marketing, accounts receivable, and embedded payments workflows in one unified system. The platform integrates with more than 70 ERP systems, unifying legacy infrastructure into a digital operating stack. Pepper’s AI-enabled technology helps distributors increase revenue, boost productivity, and modernize operations. Headquartered in New York City, New York, the company serves over 500 distributors and supports more than 100,000 active operators nationwide.
Funding Details
Company: Pomegranate Technologies, Inc. (Pepper)
Raised: $50.0M
Round: Series C
Funding Date: February 2026
Lead Investor: Lead Edge Capital
Additional Investors: ICONIQ Capital, Index Ventures, Greylock, Harmony Partners, Interplay
Company Website: https://www.usepepper.com/
Software Category: Food Distribution Technology / B2B Commerce & Workflow Automation
Source: https://www.businesswire.com/news/home/20260220742173/en/