ezCater raises $100mn to expand its catering platform internationally

By Laura Mullan
US catering platform, ezCater, has raised $100mn in its latest investment round, in order to take its online catering service global. The Boston-based...

US catering platform, ezCater, has raised $100mn in its latest investment round, in order to take its online catering service global. 

The Boston-based business is a B2B marketplace for corporate catering which connects restaurants, caterers, and drivers with businesspeople who are arranging meals for their next workplace meeting.

The firm’s product suite includes three programmes - ezOrdering, ezManage, and ezDispatch - and it says its customers include 90% of the Fortune 500.

The company’s ezOrdering service enables restaurants to take online catering orders from their own website; ezManage lets them manage and understand their catering orders and ezDispatch connects them to delivery companies.

Employing around 470 employees, the platform is now available in over 22,7000 cities and towns, according to the company.

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Led by Wellington Management company, the Series D funding round saw participation from existing investors such as ICONIQ Capital and Insight Venture Partners, among others. 

The latest investment round brings ezCater’s total funding to $170mn.

Co-founder and CEO at ezCater, Stefania Mallett, said: “We’re flattered Wellington Management is joining us as an investor.

“After six years of at least doubling our revenue annually, we’re the market leader by a considerable margin.

“Watch for more products for our catering partners, more offerings for our customers, and international expansion too. With this round and these backers, we’re unbeatable.”

Last month, ezCater, one of the largest tech companies in the business-catering market, said that it had selected Denver as its second location.

“We are the overnight success that took 11 years to get here,” Mallett told VentureBeat.

“We started this business in my house. And we launched it to be what we are today: a nationwide portal for helping businesses find food for any business meeting.”
 

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