$11 Million Investment for GrubHub

November 11th, 2010

GrubHub, one of the fastest growing online restaurant delivery services, has just raised $11 million from Benchmark Capital, a firm located in Menlo Park, California.  The Chicago-based startup company currently provides service to 13 cities and 13,000 restaurants in the U.S., and intends to use this additional investment to double the number of cities it provides service to by the end of next year. They also plan on expanding and improving their Android and iPhone applications, generating 10% of total orders by December which is 9% more than in January.

Chuck Templeton, GrubHub board Chairman and OpenTable.com founder–and one of our midVentures25 judges in Marhc–had this to say: “I’m very excited to be a part of GrubHub.  I see striking similarities between OpenTable and GrubHub including their growth strategies and market dynamics.”

GrubHub remains free to consumers who can order food online with Paypal or Credit Cards; only charging a commission to the restaurants that use the service. News of this investment brings their collective investment since the company started to $14.1 million.

Bob Gurley, general partner for Benchmark Capital, says he is “. . . 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.”


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