US-based meal subscription service Mealpal has raised $20m in a series B round featuring Comcast Ventures, the corporate venture capital arm of cable and telecommunications conglomerate Comcast.
The round was led by Menlo Ventures and included fellow VC firms Bessemer Venture Partners and Haystack Partners as well as private equity firm NextView Ventures.
Founded in 2016, Mealpal offers a subscription-based restaurant takeout service for lunch. Users pay a flat fee each month and can select from a range of local restaurants from which to order and collect their meal.
Originally launched in Miami, the company now operates in 13 cities across the US, UK, Canada and Australia, and has now started offering a dinnertime takeout service in New York.
The new funding will be used to increase the size of the company’s team, to strengthen its presence in its current markets and to expand further into Europe.
Comcast Ventures led Mealpal’s last round, a $15m series A that closed in February this year with participation from Bessemer Venture Partners, Haystack Partners, NextView Ventures and VC fund Krillion Ventures.
Mary Biggins, MealPal’s co-founder and chief executive, said: “MealPal has only begun its mission to help people eat intelligently by providing a convenient way to get a delicious meal at an affordable price whether at the office or at home.
“MealPal has helped thousands of people upgrade their lunch break by skipping long restaurant lines and getting lunch for as little as $6. Now we are excited to bring this quality, affordability and efficiency to dinner.”