# Grubhub Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grubhub-holdings

- Industry: Internet
- Headquarters: New York, US
- Website: www.grubhub.com
- Total disclosed funding: $84M
- Latest round: Series E (Sep 8, 2011)
- Investors on record: 8

## About

Grubhub Holdings Inc. is a prominent US-based online food delivery service facilitating convenient ordering and delivery for consumers, while partnering with local restaurants to enhance their reach and operational efficiency.Founded in 2004 in New York, US, Grubhub Holdings Inc. specializes in online food ordering and delivery services. The company has undergone significant changes, including its acquisition by Wonder Group, Inc. in November 2024 for USD 650 mn, which aims to enhance the food delivery platform by integrating Grubhub's network with a broader selection of meals and groceries. Matt Maloney serves as both the founder and CEO of the company.Grubhub operates as a leading food delivery and restaurant takeout service, primarily facilitating online ordering for consumers and delivery for local restaurants. Their core offerings include a user-friendly platform that enables customers to easily find and order food from nearby establishments based on their location. By entering an address, users are presented with a range of delivery and pickup options, allowing them to filter results by cuisine type, restaurant name, or specific menu items. Grubhub's client base consists of over 31.5 million customers and thousands of partnering restaurants across numerous metropolitan areas in the United States, providing comprehensive access to both local and national culinary options. The service is designed to address the growing demand for convenient food ordering and delivery, thereby catering to consumers seeking both variety and accessibility in their dining choices.Grubhub generated revenue of USD 1,819,982,000 in 2020, with an EBITDA of USD -7,149,000. The company earns its revenue primarily through transaction-based fees charged to restaurants for each order processed through its platform, engaging in B2B relationships that enhance delivery and pickup orders for restaurants. Grubhub also offers subscription models, such as Grubhub+, which provides customers benefits such as free delivery on orders over a certain amount for a monthly fee.Following its acquisition in November 2024, Grubhub plans to leverage the USD 650 mn investment to enhance its service offerings. The company aims to introduce new products and expand its geographic reach, focusing on integrating its extensive network with Wonder Group's platform to offer a broader selection of meals, groceries, meal kits, and delivery options. Specific markets targeted for expansion are yet to be disclosed, but the integration is expected to facilitate growth in upcoming years.

## Funding rounds

- Series E, Sep 8, 2011, $49M — Benchmark, Lightspeed Venture Partners, Mesirow Financial, Greenspring Associates, DAG Ventures
- Series D, Mar 9, 2011, $20M — Benchmark, DAG Ventures
- Series C, Nov 4, 2010, $12M — Benchmark, Leo Capital Holdings, Amicus Capital, Origin Ventures
- Series B, Mar 23, 2009, $2M — Leo Capital Holdings, Amicus Capital, Origin Ventures
- Series A, Nov 19, 2007, $0.6M — Amicus Capital, Origin Ventures

## Investors

- Amicus Capital — Series A, Series B, Series C
- Origin Ventures (https://capitalatlas.ai/funds/origin-ventures) — Series A, Series B, Series C
- Leo Capital Holdings (https://capitalatlas.ai/funds/leo-capital-holdings) — Series B, Series C
- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series C, Series D, Series E
- DAG Ventures (https://capitalatlas.ai/funds/dag-ventures) — Series D, Series E
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series E
- Mesirow Financial (https://capitalatlas.ai/funds/mesirow-financial) — Series E
- Greenspring Associates (https://capitalatlas.ai/funds/greenspring-associates) — Series E