One promising niche is targeting the hungry office worker. Investors recently put $30 million into Eat Club Inc., which delivers premade lunches in the San Francisco Bay area and Los Angeles. The company, which said it’s profitable, plans to use the money for an expansion to New York. Eat Club offers similar options to Munchery or Sprig, with about 20 entrées per day, but only delivers to offices with 20 or more employees. Workers can order from an app or website. By delivering an office’s meals together, the company estimates it costs 90 percent less per dish compared with on-demand startups. Eat Club said its couriers drop off 20,000 meals a day,
Backed With $10 Million, Eat Club Has Delivered 1.5 Million Meals
Eat Club is announcing today that it has expanded to Los Angeles, having delivered more than 1.5 million meals to 2,000 offices. It’s also disclosing a $10 million Series B funding round led by Trinity Ventures that closed last year. “A couple years ago, [investors] looked at this and said, ‘This is messy. I want a mobile game business where a couple developers in a garage in Mountain View can push it to the app store,'” said Eat Club CEO Frank Han at his office in Palo Alto.
SF's 5 Best Lunch Delivery Services
Chances are, it's going to be pouring outside for the next few days, and since we're about as cool with water as the Wicked Witch of the West, we've rounded up the five best delivery services so you can eat a delicious lunch, warm and dry, while laughing at everyone else outside (that last part's optional). Eat Club Services: Offices in SF, if you order by 10:30am. Offerings: A daily array of hand-picked dishes from some of the city's finest restaurants, that they deliver via a tricked-out bus. Plus: all the boxes are personalized! Best Option: If it's on the roster that day, Nopalito. For sure.
Food Delivery Tech Stays Hot, as EAT Club Raises $5M
The restaurant business is cutthroat with low margins but venture investors continue to pour money into startups offering new ways for people to find and order meals online. The latest to attract venture funding, EAT Club, raised $5 million in a Series A round, led by August Capital, as VentureWire reported Wednesday. In 2011, the startup raised a $1.5 million seed round led by First Round Capital.
Food delivery startup EAT Club raises $5M
Three-year-old food delivery startup EAT Club said on Wednesday it has raised $5 million in Series A funding. The Palo Alto company led by CEO Frank Han said the round was led by August Capital and included participation of First Round Capital, Siemer Ventures, Great Oak Venture Capital, Launch Capital, Tekton Ventures, Mark Vadon and other angels.
Betting $5 Million On An Unorthodox Food Delivery System