CHICAGO, IL (Nov. 11, 2010) – GrubHub, a web and mobile service that organizes restaurant data for consumers and simplifies online ordering for delivery and takeout, has closed $11 million in Series C funding led by Benchmark Capital.
on November 11
Frustrated by the lack of restaurant delivery information available on the Internet, Matt Maloney and Mike Evans created GrubHub to organize and simplify all the restaurant data available to consumers. Visitors to the site or mobile users simply enter their address to see every local restaurant that delivers to them. Users can view menus and coupons, read user reviews and order for free online, by phone or through the GrubHub iPhone and Android apps.
GrubHub is a ventured-backed company founded in 2004 by Chicago-based software engineers Matt Maloney and Mike Evans. The website shows consumers all of the local restaurants that deliver to them and allows diners to order directly online, by phone or through the GrubHub iPhone and Android app. Both apps are free from their respective app markets, and it is also free for users to order online at GrubHub.com.
A year after winning the University of Chicago New Venture Challenge, GrubHub secured Series A funding in 2007 through Amicus Capital, Origin Ventures and several angel investors, allowing the company to rapidly expand into the top three delivery markets – New York City, San Francisco and Boston. GrubHub secured $2 million in Series B funding in March 2009. The deal was co-led by Origin Ventures and Leo Capital, with earlier investor, Amicus Capital, participating. In November 2010, GrubHub closed a Series C round of funding led by Benchmark Capital, the investment group behind well-known Internet consumer brands such as OpenTable, Yelp, Zillow, Twitter and eBay. The company has raised $14.1 million to date.
GrubHub was most recently named to Inc. Magazine’s prestigious 2010 500 list, which ranks the nation’s fastest-growing privately held companies. The company came in at No. 5 in the food and beverage category and No. 229 among the top 500 U.S. companies.
The rapidly growing company currently services Chicago, New York, Los Angeles, San Francisco, Boston, Philadelphia, Washington D.C., San Diego, Oakland, Seattle, Portland, Denver and Boulder, and has plans to double its footprint in 2011.