Fooda raises $12.5M to deliver lunch across the country

Fooda, a Chicago food delivery startup that specializes in workplace lunches, announced on Tuesday that it has raised a $12.5 million Series C.

Written by Andreas Rekdal
Published on Sep. 26, 2017
Fooda raises $12.5M to deliver lunch across the country

Fooda, a Chicago food delivery startup specializing in workplace lunches, announced on Tuesday that it has raised a $12.5 million Series C round to support a menu expansion and launch into new markets, according to Crain’s.

Valor Equity Partners led the round, with participation from Lightbank and KGC Capital, according to the newspaper. Valor led the startup’s Series A round, which was raised in 2013 to the tune of $10 million. Today’s funding brings the startup’s total funding to $34.2 million, according to Crunchbase.

Through a combination of onsite popup restaurants and an online ordering portal, Fooda seeks to streamline the process of getting lunch from local restaurants. The startup aggregates offerings from a range of establishments and handles the logistics of actually getting the lunch to your office. By doing so, Fooda cuts down on delivery costs, compared with making individual orders from multiple different restaurants.

Fooda also partners with employers to offer company-sponsored lunches as a perk.

The startup has expanded from seven cities to 11 over the course of this year, according to Crain’s. CEO Orazio Buzza told the newspaper that his plan is to expand the company’s reach to the country’s 50 largest cities.

The newspaper also reported that the company's team has grown by more than 60 employees since the start of the year, bringing the total number to 207.

In addition to the Series C, Tuesday marked the launch of Fooda’s newest market: Washington, D.C.

 

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