November 9, 2010
GrubHub, a service that organizes restaurant menus and information to make ordering for delivery and takeout a breeze, announced today that it has closed $11 million in Series C funding from Benchmark Capital. To date the company has raised $14.1 million so this is by far the largest round of funding they have taken yet. With the funding, GrubHub looks to hire (check out their job openings) as they look to further develop and improve its online and mobile solutions. They also look to expand marketing and sales efforts to support its growth.
Benchmark Capital general partner Bob Gurley had this to say of the Grubhub investment:
“I am excited to work with two remarkable founders in Matt Maloney and Mike Evans, and I am also thrilled about the opportunity to partner again with OpenTable founder and GrubHub board Chairman Chuck Templeton. The team has clearly demonstrated their ability to successfully launch new markets, scale their business, and build a brand that is highly valued by its customers.”
We featured Grubhub and talked with CEO Matt Maloney when they visited DC in September as they were part of the coveted Inc 500 list this year. We also just caught up with both co-founders Matt Maloney and Mike Evans when they spoke at the Tech Cocktail Startup Mixology Conference in Chicago on October 28th. Needless to say, we were happy to hear about their success in raising another round of funding.
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