Foley Hoag advised ezCater on the deal. ezCater, the most trusted provider of corporate food solutions, announced a $100 million late-stage series D-2 funding round led by SoftBank Vision Fund 2 with participation from Quadrille Capital, GIC, ICONIQ Growth, Insight Partners, Invus and others. This funding round brings the total funds raised by ezCater to $425 …
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Corporate food startup EzCater Inc. is worth $1.6 billion after raising $100 million in a funding round led by SoftBank Vision Fund 2, according to a statement reviewed by Bloomberg News. That valuation increase from $1.2 billion in 2019 when it last raised money follows a change in the Boston-based company’s customer base after the coronavirus pandemic altered …
Continue reading “SoftBank to Back EzCater at $1.6 Billion Value in Funding Round”
ezCater, the most trusted provider of corporate food solutions, today announced $100 million in new capital to meet the evolving needs of the $300+ billion food for work market. The Series D-2 round was led by SoftBank Vision Fund 2. It brings ezCater’s total funding to $425 million and raises the company’s post-money valuation to …
As the founder of Ordermark and its Nextbite virtual restaurant platform, Alex Canter has become one of the biggest names in the delivery space. Now that SoftBank has invested $120 million in his vision, Canter’s stature is expanding on expectations that one of its delivery-only concepts will perhaps become the next Domino’s Pizza—no pressure. While …
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GoPuff, a delivery startup backed by SoftBank Vision Fund, said it’s buying brick-and-mortar liquor retailer BevMo! for about $350 million. GoPuff, a delivery startup backed by SoftBank Vision Fund, said it’s buying brick-and-mortar liquor retailer BevMo! for about $350 million. The all-cash deal give GoPuff an entry to the California market, according to a statement …
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SoftBank, the Japanese private equity firm that has been a major backer of DoorDash and Uber, announced a $120-million funding round for L.A.-based Ordermark to help the online order management provider and virtual restaurant operator grow and expand its offerings. “2020 has been a tough year for restaurants and that’s why we’re focused on providing …
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Last year, Uber Technologies (NYSE:UBER) and DoorDash discussed merging their businesses. However, the companies never disclosed the talks publicly. Uber is the leader in the US ride-hailing market. The company commands about 70% market share. Uber’s closest rival, Lyft (NASDAQ:LYFT), holds a 29% market share. DoorDash is the leader in the US online food delivery market …
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The appetite for major consolidation sweeping the global food delivery industry has finally reached the U.S. Now the big question is, which combination would be easier to stomach? The fly in the soup may, as ever, be SoftBank Group Corp. Waves of dealmaking have reduced the number of online food delivery players in markets such …
Continue reading “The great food-delivery fight arrives in the US”
Anyone who lives in the Silicon Valley has almost certainly seen one of these parked on a public street: This is the Zume pizza van. They’ve been around for a few years and, briefly stated, their business model is using robots to make a pizza which is delivered to your door. Kind of interesting, right? …
