Just-Eat is Europe's market leader in online ordering of takeaway food.
Just-Eat.com Raises $64 Million In Funding
In Europe (especially the UK) having food delivered is pretty much a way of life. The ‘Takeaway’ as it is called in the UK is so popular that Just-Eat.com has made a name for itself fulfilling this nice desire for consuming food. The company which by no coincidence is based in the UK has just managed to raise $64 million in funding to help grow its operations and expand into other markets.
The funding round was led by big-name European VC Vitruvian, which was joined by Index Ventures; Greylock Partners and Redpoint Ventures. In all there has been three funding rounds for Just-Eat, though this recent one has been the most significant.
Just-Eat has shown its intent clearly not just through getting $64 million pumped in but by its acquisition moves. The company had also recently acquired one of its biggest rivals, Fillmybelly.com. This aggressive move to grow beyond its present 13 countries served is a key part of the strategy being overseen by the company’s CEO, Klaus Nyengaard.
Said Nyengaard of the expansion and funding round: “This new investment will help our continued expansion. Takeaway e-commerce has massive growth potential, and Just-Eat is at the forefront of changing the way people order food around the world. Vitruvian Partners has a long history of investing in the brightest mid-market businesses and taking them to the next level and we’re very excited it will be joining us as our new partner. This investment is also a sign of trust in all the smart and hardworking people in our company.”
Just-Eat may not be an household name Stateside, but with this big injection of capital it shouldn’t be too long before that happens.
Are you a big fan of ordering food online? Share your thoughts with us below.