Foodbomb
Latest round
- Series A
Last raised
- Mar 2021
Total raised
- $4.4M
Investors
- 7
About Foodbomb
Foodbomb Pty Ltd, founded in 2016 in Sydney, Australia, operates as a wholesale marketplace aimed at streamlining the food supply chain for food service businesses. The company was co-founded by Josh Goulburn and Paul Tory, who is also the current CEO.324 mn.Foodbomb operates as a comprehensive wholesale marketplace designed to streamline the food supply chain for restaurants and food service businesses. Its core offering includes an ordering platform that connects users with a diverse range of trusted suppliers, facilitating the procurement of thousands of food products. The platform emphasizes price transparency, allowing users to compare costs across various suppliers and optimize their purchasing decisions. Additionally, Foodbomb provides tools for administrative efficiency, such as invoice reconciliation through integration with accounting software like Xero, enabling customers to save significant time and resources.Foodbomb’s revenue model is primarily structured around transactional fees from suppliers, who pay a commission based on orders facilitated through the platform. This allows Foodbomb to provide its services to food service businesses at no upfront cost. The company engages in B2B transactions, where restaurant owners utilize the platform to place bulk orders from multiple suppliers, simplifying their procurement process. Each transaction is executed through the online marketplace, enabling users to access a range of products and manage their orders in a centralized location.In September 2023, Ordermentum Limited Pty Ltd acquired Foodbomb Pty Ltd for an undisclosed amount, valuing the combined entity at USD 100 mn. The acquisition is expected to accelerate Foodbomb's growth and expansion into new markets. Future strategies include the launch of new product features aimed at increasing user engagement and operational efficiency, as well as targeted expansion into additional regions in Australia and New Zealand, though specific timelines have not been disclosed.
Who invested in Foodbomb
7 investors across 2 rounds
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Questions about Foodbomb
Who invested in Foodbomb?
Foodbomb has 7 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Foodbomb raised?
Foodbomb has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Foodbomb last raise money?
Foodbomb's most recent round on record is a Series A, in Mar 2021.
What does Foodbomb do?
Foodbomb Pty Ltd, founded in 2016 in Sydney, Australia, operates as a wholesale marketplace aimed at streamlining the food supply chain for food service businesses.
Where is Foodbomb headquartered?
Foodbomb is headquartered in Sydney, Australia.
Which VCs invest in companies like Foodbomb?
Among active investors with capital left to deploy, Blackbird, AirTree Ventures, Square Peg and Immutable Ventures back software companies at Foodbomb's stage. Their profiles are linked below.
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