Facilities management and food service provider Sodexo has led a $30m series C round for US-based business lunch provision service Eat Club that included venture capital firms August Capital and Trinity Ventures.
Eat Club supplies corporate offices with meals that are tailored for individual employees and delivered by a logistics system that utilises the company’s proprietary technology. It claims to deliver tens of thousands of meals each day, with 99.7% arriving on time.
The series C capital will support the strengthening of Eat Club’s service in its current markets – Los Angeles and the San Francisco Bay Area – as well as an expansion to New York City.
Mark Bickford, chief executive of corporate services for Sodexo North America said: “With Eat Club, we are investing in learning and understanding more about offerings that are complementary to what we do – and can ultimately benefit our clients and end users.”
The round was initially reported by Bloomberg without details of the investors, which were filled in by Silicon Valley Business Journal before Eat Club confirmed the round on Tuesday.
Eat Club has now raised $46.5m in funding since it was founded in 2010, Trinity Ventures having led its $10m series B round in late 2013.
August Capital led the company’s $5m series A round earlier in the year, investing alongside First Round Capital, which led its $1.5m seed round in 2011, Siemer Ventures, Great Oaks Venture Capital, Launch Capital, Tekton Ventures and angel investors including Mark Vadon.
– Photo courtesy of EAT Club