SAN FRANCISCO--(BUSINESS WIRE)--EAT Club, a leading food tech company that brings delicious lunches to professionals, announced today that it has raised a $5 million Series A funding led by August Capital with participation from First Round Capital, Siemer Ventures, Great Oaks Venture Capital, Launch Capital, Tekton Ventures, Mark Vadon (Co-Founder of Blue Nile & Zulily) and angel investors. Howard Hartenbaum of August Capital joins Rob Hayes of First Round Capital on the Company’s Board of Directors. First Round Capital led the Company’s Seed Financing in 2011.
EAT Club is an innovative ecommerce service that presents an always-changing daily assortment of lunches to its members via its website and mobile services. Members who order lunch enjoy a freshly prepared restaurant meal, delivered to their office between 11:30 a.m.-12:30 p.m., without the issues of a minimum order size or food not showing up on time. EAT Club merges technology with an exclusive network of quality restaurant partners to create a curated, convenient experience for members, while providing restaurants with a profitable new revenue stream and significant consumer exposure. EAT Club delivers to over 1,500 California Bay Area companies and powers corporate lunch programs and group meetings for customers like Chegg, Bloomreach, Gunderson Dettmer, and IMVU.
“This is an incredibly exciting time for EAT Club. We’ve built a product that our members love, have an amazing group of people, and that is translating into very fast growth. We’ve been experiencing consistent double-digit month-over-month growth,” said Frank Han, EAT Club’s CEO. “With this funding, we will more aggressively pursue our vision of making great food available and accessible to people everywhere. What we’ve done so far is just the beginning.”
Leading the financing round, August Capital Partner Howard Hartenbaum believes that EAT Club's Internet-based logistics technology is tackling a growing lunch problem that affects more than 70 million professionals by helping them get a wide selection of healthy and tasty foods at work without needing to plan ahead. “EAT Club fuses technology to capitalize on untapped restaurant inventory and real-time member reviews and feedback to create a product that is simply awesome. Employees are no longer forced to eat a catered selection they didn't want, now each employee can select their individual EAT Club choice each day.”
About EAT Club
EAT Club is a leading food tech company that makes lunch fun, exciting, delicious and super easy. EAT Club’s unique concept allows members to choose handpicked lunches that fit their lifestyles and receive their lunch by 12:30 p.m. Founded in 2010 by Kevin Yang and Rodrigo Santibanez as Stanford Graduate Students, EAT Club currently delivers lunches to more than 1,500 companies in the California Bay Area. For more information, visit www.myeatclub.com. EAT Club has received funding from August Capital, First Round Capital, Siemer Ventures, Great Oaks Venture Capital, Launch Capital, Tekton Ventures, Mark Vadon (Co-Founder of Blue Nile & Zulily) along with angel investors.