GrubHub Secures $1.1 Million in Series A Funding From Top Venture Firms
Online delivery website captures eye of key investors
SAN FRANCISCO, Nov. 13 /PRNewswire/ -- GrubHub (http://www.grubhub.com), the leading online food delivery site, today announced that it has secured $1.1 million in Series A Funding. Led by Origin Ventures, the round also includes support from well-established Silicon Valley investors including Bob Zipp of Amicus Capital. Established in Chicago in 2005 and recently launched in San Francisco, GrubHub allows individuals to use the Internet to conduct local searches and place orders, online or by phone, for restaurant food delivery. The free service also provides the ability to view menus as well as rate and review local neighborhood restaurant favorites. "GrubHub is quickly changing the restaurant delivery business, leveraging the Web to make it easier for people to place food delivery requests online," said Bob Zipp of Amicus Capital. "Given GrubHub's established success in Chicago and its rapid adoption in San Francisco, we are confident that the Company will soon be THE go to resource for anyone who wants food delivered. We are excited to be some of the first investors to contribute to GrubHub's future success." GrubHub is designed so that city residents who are too tired, busy or unable to cook can search for restaurants that will deliver by simply inputting their address. The site appeals to people from all walks of life ranging from the overworked businessperson, to the busy on-the-go mom, to party revelers looking for a late night snack. With the additional funding, GrubHub plans to increase visibility to all of these groups in their current markets of San Francisco and Chicago. GrubHub will also use the capital to expand to up to 4 urban markets in 2008. "Shortly after launching GrubHub the team witnessed the overwhelming customer demand for an online food ordering and delivery outlet," stated Matt Maloney, CEO of GrubHub. "We are excited to have such a prestigious group recognize the value of GrubHub and invest in the Company's future as we expand into additional urban markets. We are delighted to have this group of investors join the team." About GrubHub.com Who Delivers? GrubHub.com answers this question with a unique restaurant delivery search. Users simply enter their location through an intuitive online interface and Grubhub.com displays all of the menus, coupons, and delivery information for every restaurant that delivers to that address. Using Grubhub.com is free and orders may be placed over the phone or through GrubHub's online ordering system at no charge. For more information or to discover who delivers anywhere in Chicago or San Francisco, visit http://www.grubhub.com. For More Information: Christina Sarracino casPR Communications 415-298-0165 email@example.com
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