Marc Lore’s Wonder Raises Another $350M

Wonder, a truck-based restaurant delivery service started by Jet.com founder Marc Lore, raised an additional $350 million through a Series B funding round led by Bain Capital just six months after launching the company. This latest investment follows previous investment rounds totaling more than $500 million dollars. Various media reports pegged the New York-based company’s …

Bonfire Ventures Raises $230M Across Two New VC Funds

Bonfire Ventures, the Santa Monica early-stage venture capital firm that has backed local business-to-business (B2B) software startups like ChowNow and Boulevard, has raised $230 million across two new funds, it announced Tuesday. Bonfire raised $168 million for its third core fund and $63 million for its second opportunity fund—taking the firm to five total funds …

Lunchbox Moves into Digital Restaurant Passports, VR Virtual Restaurants

In the wake of a recent $50 million Series B, Lunchbox’s loud-and-proud co-founder and CEO, Nabeel Alamgir, is pushing to diversify the restaurant tech brand beyond its roots of online ordering, delivery integrations and multi-channel marketing. Flush with cash and on the gas, the startup’s software engineers are creating virtual reality-based dining environments to accompany …

Forward Kitchens cooks up $2.5M to transform existing kitchens into digital storefronts

Forward Kitchens was working quietly on its digital storefront for restaurants and is now announcing a $2.5 million seed round. Raghav Poddar started the company two years ago and was part of the Y Combinator Summer 2019 cohort. Poddar told TechCrunch he has been a foodie his entire life. Lately, he was relying on food delivery …

Branch Closes $75M Series C, Launches New Payment Tools

Branch, a workforce payments platform that allows restaurants to go cashless and enable instant digital tips, raised $75 million through a Series C to extend its momentum in trucking, logistics, last-mile delivery in restaurants, while also expanding into the construction, hospitality and fitness industries. The Minneapolis-based company’s funding round was led by Addition, with participation …

Radar Raises $55M, Partners with Olo on Location Logistics

Location services company Radar looks to expand dramatically in the restaurant space after a $55 million fundraise and a new partnership with restaurant logistics giant Olo. The core work of the company is building out exceptionally accurate location services and making it easy for brands and developers to utilize the services. It’s among many geolocation …

Delivery bot firm Starship has raised $100M since January

Dive Brief: Starship Technologies, a leader in the robot delivery industry, has raised nearly $100 million since the end of January, the company announced Monday. The company raised $57 million from the European Investment Bank and $42 million in a Series B funding round led by NordicNinja, a Japanese-Nordic venture capital firm, and Taavet+Sten, a venture …

EzCater Preps for an IPO in a Rebound From the Pandemic

Stefania Mallett, CEO and co-founder of ezCater, remembers waking up in March 2020 to find that the Covid-19 pandemic had wiped out 85% of her business. Now the online catering provider has turned its business around and is again preparing for an initial public offering.  EzCater started 2020 expecting it to be their best year …

7shifts raises $80M to grow workforce management tech

7shifts, a restaurant workforce management platform, secured $80 million in funding led by Softbank on Thursday, with additional participation from existing investors Ten Coves Capital and Enlightened Hospitality Investments. 7shifts’ products are currently deployed at more than 27,000 locations across North America, Europe, the Middle East and Australia. Last spring, 7shifts raised $21.5 million in a round led by Enlightened …

LUNCHBOX RAISES $50M WITH CONTRIBUTIONS FROM SWEETGREEN, DOORDASH EXECS

Online ordering provider Lunchbox has raised $50 million from a group of high-profile investors, including executives of Sweetgreen, &pizza and DoorDash and the serial tech funder Coatue. The Series B round announced Tuesday marks a shift in strategy for the company, which will look to expand its target audience to include big restaurant chains and …