Corporate Caterer Delivers Billion Plus Valuation
A corporate catering marketplace has announced new funding that pushes it into unicorn status.
Ezcater announced it has raised an additional $150 million in Series D funding, raising the startup’s valuation to $1.25 billion. This new round was led by Lightspeed Venture Partners and GIC. Other participants include Wellington Management Company, Quadrille Capital, Insight Venture Partners, Light Street Capital, and Iconiq Capital, an investment group that includes Facebook founder and CEO Mark Zuckerburg.
The company plans to build on its current global expansion with this latest funding.
Boston based Ezcater helps food focused corporations, such as restaurants and eateries, fulfill large catering orders. Among its biggest clients are Astra Zeneca, Match.com, DocuSign and Jobvite. Customers can use Ezcater to order from more than 60,700 restaurants in the US.
Ezcater is the 12th US based company so far in 2019 to meet or exceed a billion in valuations, thus becoming a unicorn startup.