Lunchbox, a NYC-based next-gen online ordering engine for restaurants, raised $20m in Series-A funding.
The round was led by Coatue with participation from Tom Colicchio, Scott Belsky, Michael Vaughan, Bryan Ciambella, Robert Earl, Reshma Saujani, 645 and Primary Ventures. In conjunction with the funding, Coatue’s Rahul Kishore and Bennett Siegel will join Lunchbox’s board of directors.
The company intends to use the funds to scale growth nationally, acquire top-tier talent, invest in further development on its platform and expand to new markets.
Co-founded in 2019 by Nabeel Alamgir, CEO, Andrew Boryk and Hadi Rashid, Lunchbox empowers restaurants to reclaim ownership of their digital commerce. This allows them to deliver an optimal customer experience, gain access to actionable customer data and achieve higher profits. Through deep integrations with ordering, marketing, loyalty, and delivery services, Lunchbox is able to deliver a full suite of services through one platform.
The company recently partnered with restaurant technology leader Ordermark to integrate with its online ordering management platform to provide restaurants with more opportunities to grow and retain revenue, and with Beam Social Impact to make it easier for restaurants to increase social responsibility by easily facilitating nonprofit donations from guest orders. Lunchbox has also begun venturing into autonomous delivery with a partnership with Sodexo and Kiwibot.
FinSMEs
29/10/2020