GrubHub Seamless operates online and mobile ordering platforms that allow diners and over 4,000 corporate businesses to order directly from roughly 25,000 takeout restaurants across more than 500 U.S. cities and London. The company is led by CEO Matt Maloney and owns a portfolio of brands including GrubHub, Seamless, MenuPages and Allmenus. It maintains offices in Chicago, New York City, Salt Lake City and London. Following the close of its merger transaction, T. Rowe Price shareholders acquired an ownership stake by purchasing shares from early investors. Financial terms and the amount of that secondary transaction were not disclosed in the article. GrubHub is a Chicago-based online and mobile food-ordering service that lets diners order delivery or takeout from local restaurants. The platform lists menus and ordering for more than 13,000 restaurants across major U.S. cities, with about 5,000 establishments paying for white-label ordering and delivery services. Diners use GrubHub for free while restaurants pay commissions on each order; non-partner restaurants can still list phone numbers and menus for free. The company acquired Dotmenu (parent of Campusfood and Allmenus), expanding to roughly 250,000 restaurant menus across over 50 major cities and college towns. GrubHub reported rapid mobile growth—a 300% increase since last fall—and forecasted mobile orders to represent 20% of sales by the end of 2011. The company projected over $30M in revenue for the year, up from $8.5M in 2010, and expected the combined companies to send more than $225M in order revenues to restaurants in 2011. Founder Matt Maloney has stated that going public is a realistic opportunity within the next two years. GrubHub operates an online and mobile food-ordering platform that lets users view menus, reviews and comments and order delivery or takeout from local restaurants. The service lists more than 13,000 restaurants across U.S. cities including New York, Chicago, San Francisco, Boston, Los Angeles and others, and 5,000 establishments pay GrubHub to manage and market a white-label online order and delivery service. Mobile apps for iPhone and Android add GPS-based discovery; mobile orders rose 300% since last fall and are projected to make up 20% of total food sales by the end of 2011. GrubHub sent $85 million in orders to restaurants in 2010 and projects to send $200 million by year-end; the company reported $8.5 million in revenue last year and expects to more than double revenue in 2011. The company has about 100 employees and is pursuing product development (including a pickup option) and acquisitions as growth strategies. CEO and co-founder Matt Maloney said he expects to list 80,000 restaurants in the next three months and be in over 26 cities by the end of the year. GrubHub is a web and mobile service that organizes restaurant data for consumers and simplifies online ordering for delivery and takeout. Its website shows local restaurants that deliver and allows diners to order online, by phone, or through iPhone and Android apps. The service is available in Chicago, New York, Los Angeles, San Francisco, Boston, Philadelphia, Washington D.C., San Diego, Oakland, Seattle, Portland, Denver and Boulder. GrubHub plans to double its presence in 2011. It closed an $11M Series C led by Benchmark Capital, bringing total capital raised to $14.1M. The company said it will use the new capital to further develop its online and mobile solutions and expand marketing and sales efforts. Founded in 2004 by Matt Maloney and Mike Evans and based in Chicago, GrubHub previously raised a $2M Series B in March 2009 and a Series A in 2007. GrubHub is a Chicago-based website that helps users find and order from restaurants that deliver. Founded in 2004, it has slowly expanded from its home city to include New York, San Francisco, Boston, and Philadelphia. The company claims to partner with more than half the restaurants offering delivery in its coverage areas and says it facilitated $20 million worth of deliveries last year. The service offers an iPhone application and was noted alongside a similar app from CityMint. Financially, GrubHub raised $2 million in a second round of funding and previously raised $1.1 million in its first round. Its product emphasis is on completeness of listings and user convenience within its coverage areas.

Total raised

$83M

Funding rounds

5

Latest round

Series E

Latest activity

Sep 2011