This week, the corporate catering online marketplace ezCater announced that the company has raised a $100 million series D investment by Wellington Management Company LLP.
Th company has now raised 170 million in total with the help of other investors including ICONIQ Capital and Insight Venture Partners.
“We’re flattered Wellington Management is joining us as an investor,” said Stefania Mallett, co-founder, and CEO at ezCater. “After six years of at least doubling our revenue annually, we’re the market leader by a considerable margin. Watch for more products for our catering partners, more offerings for our customers, and international expansion too. With this round and these backers, we’re unbeatable."
Last year, the Foodable team sat down with ezCater to learn more about how the company is making it easier for operators to leverage their catering business.
From a consumer perspective, it isn't always easy finding a restaurant's catering menu. But that's where ezCater comes in.
There are over 60,000 local caterers across the U.S. on the marketplace.
Users plug in their zip code, then a list of restaurants in the area on the marketplace pops up. Customers can browse a number of restaurants to order catering from, while also seeing ratings from past customers, pricing, delivery fees, and more details.
As more operators embrace technology, the additional revenue potential from catering has spiked significantly.
Earlier this year, ezCater expanded its offerings with ezOrdering, where operators can easily integrate an online catering ordering system on their own website; ezDispatch, a system that connects owners with delivery companies; and ezManage, a system that helps to manage catering orders.
With the latest investment from Wellington Management, the company is planning to expand its catering suite for operators.
Want tips on how to expand your catering business? Check out The Takeout, Delivery, and Catering Show below!