# Foodsby

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/foodsby

- Industry: Internet
- Headquarters: Minneapolis, US
- Website: www.foodsby.com
- Total disclosed funding: $20M
- Latest round: Series B (Aug 13, 2018)
- Investors on record: 4

## About

Foodsby Inc. facilitates convenient lunch delivery services, connecting employees with local restaurants to enhance workplace meal options and productivity through an accessible online platform.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 has secured a total of USD 13.5 mn in funding across several rounds, with the latest being a Series B round raised on August 13, 2018, involving investments from Come Up Capital, Corazon Capital, Greycroft Partners, and Rally Ventures. The company has executed a total of 3 deals to date.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 caters to businesses of all sizes and primarily serves customers throughout the United States, focusing on metropolitan areas where a robust network of restaurants is available for lunch delivery.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. The pricing structure is designed to be affordable, ensuring that organizations can provide their workforce with quality meals without incurring excessive costs.Following the Series B financing round in August 2018, where Foodsby raised USD 13.5 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.

## Funding rounds

- Series B, Aug 13, 2018, $14M — Greycroft, Rally Ventures, Corazon Capital, Come Up Capital
- Series A, Mar 10, 2017, $5.9M — Greycroft, Rally Ventures, Corazon Capital
- Seed, Mar 28, 2016, $1M — Greycroft, Come Up Capital

## Investors

- Greycroft (https://capitalatlas.ai/funds/greycroft) — Seed, Series A, Series B
- Come Up Capital (https://capitalatlas.ai/funds/come-up-capital) — Seed, Series B
- Rally Ventures (https://capitalatlas.ai/funds/rally-ventures) — Series A, Series B
- Corazon Capital (https://capitalatlas.ai/funds/corazon-capital) — Series A, Series B