Online food delivery and take out service raises $2 million in VC funding
I know a lot of us are staying at home and trying to preserve cash these days. Thus, more eating at home. Tired of pizza delivery services? Try GrubHub.
GrubHub, an online service which finds takeout and delivery meals for you, recently raised $2 million in a Series B round of financing. The funding comes from Origin Ventures, Leo Capital and Amicus Capital. GrubHub also received a Series A funding of $1.1 million back in 2007.
The Chicago based company was founded in 2004, by Matt Maloney and Mike Evans, two software developers frustrated by the lack of restaurant delivery information available on the Internet.
Since then, the company has expanded to major cities in the U.S. including New York, San Francisco, Boston and Philadelphia.
To date, GrubHub has placed over $20 million in restaurant delivery orders and is partnered with almost half of the delivery restaurants in the cities its available.
GrubHub also was the first company to develop an iPhone application for ordering food.
With this round of funding, GrubHub plans on expanding its services to more major cities across the country and continue its product development including more phone applications. GrubHub is also hiring, so if you’re interested, check out their job board.
