ezCater Raises $4M in Growth Capital
BOSTON, April 15, 2014-- ezCater, Inc, the only national player in online catering ordering for business meetings, is completing a raise of growth capital, for $3M. This follows the $1M in growth capital raised in 2013. Investors include Breton Capital Management (a private equity firm), Launchpad Venture Group (one of the country’s 5 most active angel groups), and super angels such as ZipCar investor Jill Preotle.
The company will use much of the new capital to add 20,000 caterers to its site. “We already offer customers the widest selection of caterers to order from. Within 12 months, you’ll be able to order catering online at ezCater.com from well over 50,000 caterers nationwide,” said Stefania Mallett, CEO.
ezCater is enjoying fast growth on all fronts. ezCater has fed over 1.8 million people to date, and is on track to triple its revenue for the third year in a row. Mallett points out, “GrubHub’s IPO in the US, and Just Eat’s IPO a day later in the UK validate the food-tech space. Within that, we’re focused on the high-value $15B business catering niche.”
“Customers especially value our unique on-time ratings”, says Briscoe Rodgers, CTO. “No one wants to be embarrassed in a meeting when the food is late.” After every delivery, ezCater’s systems automatically record any delivery issues. “The metric is specific to the catering performance of our restaurant and caterer partners,” Rodgers continued. “We also show customers’ “liked it” ratings, again specific to the catering menus.”
ezCater is the only national marketplace for ordering business catering online. At ezCater.com, business professionals can find local establishments who will deliver catering to virtually every city and town in the United States. ezCater is based in Boston, MA.
Stefania Mallett, 781-296-8065
Venture Capital Database