Foodbomb, a wholesale food platform for the foodservice industry in Australia, raised AUD $1.4m in funding.
The round was led by EVP Fund II. Following the investment, Justin Lipman of EVP II will join the Foodbomb board.
The company intends to use the funds to bolster the product and development team to increase their own market share of Australia’s $40 billion hospitality industry.
Led by CEO Paul Tory, Foodbomb is an online platform that aggregates wholesale food suppliers into a single site, where hospitality
venues can search, compare and order products. Hundreds of Sydney venues rely on it to streamline their operations while saving money and having access to a wider range of providores and vendors. In return, its registered wholesalers gain access to a dedicated database of customers, with credit already taken care of.