Catering marketplace ezCater secures $100m funding to expand globally

20th June 2018 (Last Updated June 20th, 2018 11:31)

US-based catering marketplace ezCater has secured a $100m Series D funding round led by Wellington Management Company to expand globally.

Catering marketplace ezCater secures $100m funding to expand globally
Ezcater secures million dollar funding to expand its presence.

US-based catering marketplace ezCater has secured a $100m Series D funding round led by Wellington Management Company to expand globally.

Other investors who participated in the funding round include ICONIQ Capital and Insight Venture Partners. The investment brings the total funding raised by ezCater to $170m.

The catering company will use the investment to expand its presence internationally, extend its market leadership and increase its catering product offerings.

“With this round and these backers, we’re unbeatable.”

ezCater founder and CEO Stefania Mallett said: “We’re flattered Wellington Management is joining us as an investor. After six years of at least doubling our revenue annually, we’re the market leader by a considerable margin.

“Watch for more products for our catering partners, more offerings for our customers, and international expansion too. With this round and these backers, we’re unbeatable.”

Earlier this year, the company expanded its catering product suite for restaurants by introducing ezOrdering, ezManage and ezDispatch to enable restaurants to take online catering orders from their own websites, manage and understand their catering orders; and connect to reliable delivery companies.

Established in 2007, ezCater facilitates business catering orders through online services and helps restaurant operators to increase their businesses.

The company serves more than 60,000 restaurants and caterers including California Pizza Kitchen, Firehouse Subs, and PF Chang’s, as well as businesses such as Astra Zeneca, Redfin and Tesla.