Foodsby, the US-based lunch delivery platform which connects office professionals with restaurants, has secured $13.5 million in Series B funding, bringing its total funding to $21 million.
The round was led by Piper Jaffray Merchant Banking and included investments from Series A funding partners Greycroft Partners, Corazon Capital, LLC and Rally Ventures. The additional money will drive continued market expansion and talent investment.
Founded in 2012, Foodsby enables employees in office buildings to order lunch from local restaurants and get it delivered straight to their office. Busy professionals place orders online, which are aggregated via Foodsby, and the restaurants deliver all the meals at once.
The Minneapolis-headquartered firm said it offers “a sustainable food amenity for offices, increased profits for restaurants, and a convenient and affordable lunch option for consumers”.
Ben Cattoor, Foodsby CEO, said: “It is the hard work and dedication of our team that has allowed us to achieve this important next step.
“We have established a successful model for new market entry with a tried and true combination of talent and technology. We look forward to building on our early successes and learnings to deliver continued growth for our investors and our team.”
Piper Jaffray Merchant Banking managing director Ted Christianson added: “Foodsby caught our attention because of its differentiated model and exceptional value proposition, not only for consumers, but also for restaurants and building owners/tenants.
“We are very excited to be partnering with the Foodsby team to help them continue their impressive growth.”
Foodsby said it will continue its growth in 2018 through expansion to between 15 and 25 new markets and expanding its talent base in the sales, marketing and development teams.
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