# MealPal

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

- Industry: Logistics & Distribution
- Headquarters: New York, US
- Website: www.mealpal.com
- Total disclosed funding: $35M
- Latest round: Series B (Sep 19, 2017)
- Investors on record: 6

## About

MealPal, Inc. is a meal subscription service that enhances lunchtime experiences for busy professionals by providing affordable dining options from partnered restaurants, delivering convenience and variety to consumers' daily meals.MealPal, Inc. was founded in 2016 in New York, US, by Katie Ghelli and Mary Biggins. The company operates a meal subscription service that allows customers to select meals from various partnered restaurants. In September 2017, MealPal raised USD 20 mn in a Series B funding round led by Menlo Ventures, with participation from Bessemer Venture Partners, Comcast Ventures, Haystack Partners, and NextView Ventures. This round was the total amount raised by the company to date, following a total of 2 deals.MealPal offers a meal subscription service designed to provide consumers with affordable and convenient dining options, addressing the common issue of "sad desk lunches." The core product is a pre-paid meal plan that allows customers to select meals from a variety of partnered restaurants at a significantly reduced price, typically around USD 6 per meal. This service caters to busy professionals seeking high-quality meal alternatives without the high costs typically associated with dining out, operating in several metropolitan markets across the US and internationally. MealPal's customer base primarily consists of office workers aiming to enhance their lunchtime experience while enjoying meals from popular local eateries.Revenue for MealPal is generated through its subscription-based model, allowing customers to purchase a meal plan that provides access to discounted meals from selected restaurants. Customers choose different meal plans based on their dining preferences and frequency of use, with transactions occurring monthly as users pay upfront for a set number of meals, creating a predictable revenue stream. MealPal partners with various restaurants, enabling both B2C and B2B interactions, and offers meal plans that cater to diverse dietary needs and preferences.In September 2017, MealPal secured USD 20 mn in Series B financing led by Menlo Ventures, aimed at supporting the company's future growth initiatives. This funding will be used to enhance the service's offerings and expand into new geographic markets. Specific details regarding upcoming product launches or targeted regions for expansion have yet to be disclosed.

## Funding rounds

- Series B, Sep 19, 2017, $20M — Menlo Ventures, Comcast Ventures, Bessemer Venture Partners, NextView Ventures, Teamworthy Group
- Series A, Feb 15, 2017, $15M — Comcast Ventures, Bessemer Venture Partners, NextView Ventures, Krillion Ventures, Teamworthy Group

## Investors

- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series A, Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B
- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Series A, Series B
- Krillion Ventures (https://capitalatlas.ai/funds/krillion-ventures) — Series A
- Teamworthy Group (https://capitalatlas.ai/funds/teamworthy-group) — Series A, Series B
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B