September 21st news, according to foreign media reports, takeaway search engine innovation company GrubHub just raised $50 million in a new round of financing. Plus several times before financing, the total amount of funds raised by the current GrubHub has reached $84 million.
round of financing investment institutions including Lightspeed venture (Lightspeed Ventures) (Benchmark Capital), benchmark capital, Chicago Maslo Financial Corporation (Mesirow Financial), Greenspring Associates and DAG Ventures. GrubHub co-founder and CEO Matt · (Matt Maloney), said in an interview with the media, said: the company listed within two years is a very realistic opportunity for."
GrubHub was founded in 2004, headquartered in Chicago, is currently working with more than 1.3 000 restaurants throughout the United States, New York, Chicago, Boston, Washington DC, Philadelphia, Oakland, Santiago, Seattle, Portland, Denver city.
benchmark capital analyst Billy · Cole (Bill Gurley) said, GrubHub is the market leader in online ordering. Considering that GrubHub will be in the city more strong expansion, and will expand its services to the mobile platform, and the leadership of GrubHub university campus in the United States market, GrubHub will be Yelp, OpenTable, and Zillow as a famous brand.
GrubHub also recently acquired online takeaway ordering company Dotmenu. Dotmenu is the parent company of Campusfood and Allmenus. Maloney said, Dotmenu acquisition price of $50 million or less.