With this new round of funding, ZeroCater will expand its product and engineering teams. "We're focused on building a scalable and responsible business, and typical venture capital practices didn't resonate with our business model," says Sabeti. The company sought to avoid firms that push to invest more money without focusing on the unique needs of the business. Its decision to partner with two smaller, more flexible funds resonated better with its overarching mission.
"We seek to partner with and help build industry leaders," says Krishna K. Gupta, Managing Partner at Romulus Capital. "We also also love lean and hungry teams. Arram and his team are really exemplary in the way they've built this company, and we're confident they can continue to out-execute others in the massive corporate catering industry." ZeroCater's focus on lean growth and smart execution has resulted in its becoming the largest player in the corporate catering space.
Arram Sabeti founded ZeroCater in 2009 while working in the Bay Area. Based in the heart of Silicon Valley, ZeroCater provides a concierge corporate catering service, bringing local food vendors onsite to clients' offices. ZeroCater seeks to increase companies' productivity by providing delicious, family-style meals to employees.
With operations in San Francisco, New York City, Chicago, Washington, DC, and Austin, ZeroCater has grown into the largest catering provider of its kind in the world. For more information, visit www.zerocater.com.
About Romulus Capital
With approximately $150 million in assets under management, Romulus Capital is one of the fastest-growing venture capital firms in the United States. Founded in an MIT dorm room in 2008, Romulus invests in and helps build early-stage technology and science-enabled businesses, partnering frequently with companies that leverage technology to solve problems across industries. Learn more at romuluscap.com.
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