EAT Club, the fastest-growing provider of corporate lunch programs, announced today that it raised a $30 million Series C round, led by a strategic investor, Sodexo, the worldwide leader in Quality of Life Services, with participation from existing investors August Capital and Trinity Ventures. The $30 million investment will fund expansion to New York City and broaden the company’s existing footprint in the San Francisco Bay Area and Los Angeles.
EAT Club is a Silicon Valley startup that is revolutionizing the way people eat at the office at thousands of companies in California today. The company sets itself apart from the overcrowded food delivery segment with a unique logistics model driven by its own proprietary technology, providing offices with individually selected employee meals at scale. Today, EAT Club serves tens of thousands of individual meals per day with a 99.7% on-time delivery rate, and is generating a profit with healthy contribution margins, a measure of success others have not been able to achieve in this large and growing segment.