# EAT Club

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eat-club

- Industry: Logistics & Distribution
- Headquarters: Redwood City, US
- Website: www.eatclub.com
- Total disclosed funding: $46M
- Latest round: Series C (May 19, 2017)
- Investors on record: 9

## About

EAT Club, Inc. offers tailored individual meal delivery services for businesses lacking onsite dining, enhancing workplace dining experiences and addressing logistical challenges.Founded in 2010 in Redwood City, US, EAT Club specializes in meal delivery solutions for corporate clients. The company had a pivotal moment in April 2021 when it was acquired by Compass Group. The founders include Alex Chiou, Emir Ibrahimof, and Lucy Zhang, with Ben Wright currently serving as CEO. EAT Club has successfully completed 6 funding deals, with the latest being a Series C round where they raised USD 30.00 mn led by Sodexo. The total amount raised by the company has reached USD 30.00 mn, and its current valuation stands at USD 129.984 mn.EAT Club specializes in providing individual meal delivery services tailored for businesses that do not have onsite dining facilities. Their primary offering allows employees to select meals that cater to their personal tastes and dietary restrictions from a diverse and rapidly changing menu available daily. This service addresses common challenges within workplace dining, such as menu management and food quantity logistics, streamlining the lunch experience by consolidating deliveries to ensure meals arrive at the company during a specified time frame. EAT Club’s technology platform enhances the ordering process and supports scalability, enabling the company to serve a broad client base, including over 1,145 businesses across nine active cities in the United States. Their services are particularly beneficial for companies looking to foster a stronger workplace culture, increase employee productivity, and enhance overall job satisfaction.EAT Club operates on a business-to-business model, providing meal delivery services directly to corporate clients, which form the cornerstone of its revenue generation strategy. The transaction structure typically involves established contracts with companies who subscribe to the service, allowing their employees to order meals individually while benefiting from coordinated delivery. This model not only simplifies the meal ordering process but also supports client retention and satisfaction, fostering long-term partnerships. While specific pricing plans or details on flagship services are not disclosed, the revenue structure is aligned with the scale of service provided to companies, ensuring that businesses can cater to various employee needs without incurring food waste. The efficient integration of technology in their operations further supports revenue growth by optimizing delivery logistics and customer engagement.EAT Club aims to enhance its offerings and expand its reach. Following the recent Series C funding round in April 2021, the company plans to invest in the development of new meal options and technological enhancements to improve service delivery. EAT Club is also targeting expansion into additional metropolitan areas across the United States to broaden its market presence. The funds raised will support these initiatives, aiming to establish partnerships with more businesses and enhance overall customer satisfaction.

## Funding rounds

- Series C, May 19, 2017, $30M — Trinity Ventures, August Capital, Sodexo
- Series B, Jul 28, 2014, $10M — Trinity Ventures
- Series A, Apr 3, 2013, $5M — August Capital, First Round Capital, LaunchCapital, Wavemaker Partners, Great Oaks Venture Capital, Tekton Ventures
- Seed, Aug 1, 2011, $0.1M — Wavemaker Partners
- Seed, Jun 21, 2011, $1.3M — Lightspeed Venture Partners, First Round Capital, LaunchCapital, Wavemaker Partners, Tekton Ventures

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed, Series A
- LaunchCapital (https://capitalatlas.ai/funds/launchcapital) — Seed, Series A
- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A
- Tekton Ventures (https://capitalatlas.ai/funds/tekton-ventures) — Seed, Series A
- August Capital (https://capitalatlas.ai/funds/august-capital) — Series A, Series C
- Great Oaks Venture Capital (https://capitalatlas.ai/funds/great-oaks-venture-capital) — Series A
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series B, Series C
- Sodexo (https://capitalatlas.ai/funds/sodexo) — Series C