Online catering marketplace ezCater has secured a $150m Series D-1 funding round led co-led by Lightspeed Venture Partners and GIC.

Other investors that participated in the funding round include Light Street Capital, Wellington Management, ICONIQ Capital, Insight Partners, Quadrille Capital, and others. The new investment brings ezCater’s total funding to $320m.

The catering platform will use the investment to expand its business globally and extend its marketplace and software platform for restaurant operators.

ezCater co-founder and CEO Stefania Mallett said: “We’re the long-time market leaders and continue to have huge global ambitions. This funding expands our ability to help our catering partners grow in a way that no one else can.”

Covid-19 Report — Updated twice a week Understanding the Covid-19 outbreak, the economic impact and implications for specific sectors

Covid-19 executive briefing report cover
GlobalData

Our parent business intelligence company

ezCater’s platform helps restaurants to receive incremental catering orders and manage their  entire catering operations.

“This funding expands our ability to help our catering partners grow in a way that no one else can.”

The company’s currently has network of more than 60,000 restaurants and caterers such as Jersey Mike’s Subs, Romano’s Macaroni Grill, and Schlotzsky’s on its platform.

Lightspeed Venture Partners partner Twohig said: “Most people don’t realise that catering is much deeper than the traditional market definition.

Given the current climate, how long do you anticipate it will take for the global economy to recover post COVID-19?

View Results

Loading ... Loading ...

“ezCater is having a huge impact on the industry by moving catering online and driving substantial profitability for their partners—this is a mission we’re excited to accelerate.”

Schlotzky senior national catering manager Jennifer Sanders said: “ezCater keeps evolving to meet the needs of the catering industry. The number of new order they send us keeps growing, and so does the value in our partnership.”

Last month, ezCater acquired catering management platform Monkey Group to integrate its takeaway, delivery and catering platform in a bid to process more catering orders from restaurants and caterers.

In July last year, the catering marketplace acquired French corporate catering platform GoCater.