US-based food discovery platform Chowbus has secured $4m in funding from investors such as Greycroft Partners and FJ Labs.
Other participants in the financing round include Hyde Park Angels, Fika Ventures, and individual investors.
The company will use the funds to develop the platform and expand into 15-20 new markets. It reported a 300% year-over-year revenue growth rate last year.
Chowbus co-founder and CEO Linxin Wen said: “When I first came to the US, I realised that it’s difficult to find authentic Asian cuisine, and it quickly became apparent that many restaurants I liked weren’t on the major delivery platforms.
“This investment confirms the value of giving consumers and independent restaurants a better food-ordering solution – one that, unlike any other platform, supports the restaurant’s business and enables food discovery.”
Chowbus is a marketplace that connects diners with small local restaurants. The company offers logistical, marketing and technology support to its restaurant partners.
It also assists restaurants to display their food items through dish-centric menus, which helps diners to explore new cuisine.
The company’s services include an online marketplace for food ordering and a Chowbus Shuttle to deliver food.
FJ Labs founding partner Fabrice Grinda said: “They know how to build a world-class product and provide consistent service to customers. And it’s working – their repeat and retention rates are incredibly impressive. We are excited to join them on this journey.”