Foodsby
Latest round
- Series B
Last raised
- Aug 2018
Total raised
- $20M
Investors
- 4
About Foodsby
Foodsby Inc.Founded in 2012, Foodsby Inc. is headquartered in Minneapolis, US, providing a lunch delivery service that connects employees with local restaurants. The company was established by Ben Cattoor, who serves as the CEO.Foodsby primarily offers a lunch delivery service that connects employees with their favorite local restaurants, facilitating convenient meal options at the workplace. The service operates by providing a daily list of participating restaurants that deliver to designated central drop-off locations within office buildings. Users can select and customize their meal choices through the Foodsby platform, which can be accessed online or via a mobile app. This service addresses the common workplace challenges of limited lunch options and the time constraints of employees during their workday, thereby enhancing overall productivity and satisfaction.Foodsby generates revenue through transactions structured around meal deliveries, where clients, primarily businesses, place orders for lunch on behalf of their employees. Each meal delivered is priced at a nominal fee, with some promotional offers featuring free delivery for first-time users. The company operates on a B2B model, partnering with local restaurants to prepare and deliver meals, allowing for bulk ordering from multiple clients. This arrangement not only provides restaurants with a new revenue stream during off-peak hours but also offers Foodsby the opportunity to capture a commission on each transaction.5 mn, the company plans to utilize the funds to expand its service offerings and enhance technology on its platform. As part of its growth strategy, Foodsby aims to target new metropolitan markets for lunch delivery services, focusing on regions with a high density of potential business customers. The company is also working on developing new features for its application to improve user experience, aiming for implementation in the upcoming year.
Who invested in Foodsby
4 investors across 3 rounds
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Questions about Foodsby
Who invested in Foodsby?
Foodsby has 4 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Foodsby raised?
Foodsby has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Foodsby last raise money?
Foodsby's most recent round on record is a Series B, in Aug 2018.
What does Foodsby do?
Foodsby is a internet company.
Where is Foodsby headquartered?
Foodsby is headquartered in Minneapolis, US.
Which VCs invest in companies like Foodsby?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Foodsby's stage. Their profiles are linked below.
VCs backing internet startups at Series B
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