Foodee raises $6 million Series A for U.S. expansion

Food concierge company Foodee, which facilitates meal delivery from local restaurants to workplaces, announced a $6 million Series A in a round led by BDC Capital.

The funding will be used to further expand Foodee’s services into the US market; the platform already serves Philadelphia, Denver, and Austin in the U.S. Since being founded in Vancouver in 2012, Foodee has garnered 4,000 customers, and more than 250 restaurant partnerships. Foodee has its eye on Atlanta and Minneapolis as its first two cities for the planned 2016 expansion.

To date, Foodee has raised $10 million from Canadian and U.S. investors like Yaletown Venture Partners, Voyager Capital, Structure Capital, and HIGHLINE. “Building on our success in Toronto, Vancouver, and our three pilot cities in the US, we are excited to continue our expansion plans to get quality food into boardrooms across North America,” said Ryan Spong, CEO of Foodee. “Many on-demand apps create more work but less profit for the restaurants on their platform. We’re looking forward to giving our new restaurant partners large, off-peak corporate orders that in many cases double their lunch-time revenue.”

Related: Foodee gobbling up new markets with U.S. expansion

Jessica Galang

Jessica Galang

Jessica Galang is BetaKit's News Editor.

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