OrderUp Raises $7M to Bring On-Demand Food Ordering and Delivery Services to Hometowns Nationwide
Investment Will Power OrderUp’s Expansion and Open Offices in New York City and Boulder, CO
WASHINGTON & BALTIMORE, August 20, 2014-- Baltimore-based online and mobile food ordering and delivery service OrderUp today announced it raised $7 million in Series A venture funding led by Revolution Ventures with participation from Tim O’Shaughnessy, co-founder of LivingSocial. The new investment will fund the acceleration of the company’s national growth plan and the continued development of its delivery technology and services. OrderUp will also open two offices in New York City and Boulder, Colorado to build out their development and marketing teams. Revolution Ventures managing partner, Tige Savage, will join OrderUp’s board of directors along with Chris Brandenburg, co-founder of Millennial Media.
Since launching OrderUp in 2009, co-founders Chris Jeffery and Jason Kwicien have expanded the business into 35 markets and fulfill more than 10,000 food deliveries per week, a small percentage of their total weekly transactions. Technology companies like OrderUp continue to fuel the on-demand economy, and OrderUp will provide those living in towns and small cities the same opportunities for convenience that consumers in big cities get to experience. With the new financing, the company will focus on launching in additional markets that are underserved by food delivery service companies and invest in enhancing its delivery technology and service.
“We go well beyond just a list of restaurants that already deliver, and we’re doing that by giving restaurants premier tools and services so that their customers can order delivery online and on mobile devices,” said Chris Jeffery, chief executive officer of OrderUp. “We can help restaurants whether they’ve delivered for years or haven’t even thought about it. That means access to more delivery options and a more transparent ordering experience for consumers.”
“Consumers love the convenience of ordering online. Yet, outside the major metropolitan markets, it’s shockingly difficult to find online food delivery options,” said Tige Savage, managing partner at Revolution Ventures. “OrderUp allows restaurants in small towns nationwide to cost-effectively join the digital age through an innovative ordering and delivery model. Restaurants love it and consumers do too.”
OrderUp provides restaurants with unique tools and technology that make it simple for them to create customized digital ordering and delivery solutions for their customers. The company’s biggest growth opportunities are with restaurants that have existing delivery operations but need better logistics technology and those who see the cost benefit of partnering with OrderUp’s fleet of drivers.
In addition to owning and operating many locations, OrderUp provides franchising opportunities in select towns.
OrderUp is an online and mobile food ordering and delivery service. With feet on the street in over 35 towns, OrderUp provides easy access to great food from locals’ favorite restaurants. Headquartered in Baltimore, MD, OrderUp has a dual-distribution model, with some locations owned and operated by the company, and others franchised. Visit https://orderup.com/ to learn more.
About Revolution Ventures
Revolution Ventures, led by Steve Case, Tige Savage and David Golden, invests in start-ups and early-stage companies founded and led by passionate entrepreneurs. Revolution Ventures is focused on investing in technology-enabled businesses that empower consumers and businesses and disrupt existing, multi-billion dollar industries. Revolution Ventures is headquartered in Washington, D.C. www.revolution.com/ventures
Meredith Balenske, +1 202-776-1413 (Office) or +1 202-680-2479 (Mobile)
Venture Capital Database