March 9 at 12:47 p.m.
Filed under:
Food,
Restaurants
By Wailin Wong
GrubHub, a Chicago-based startup that connects people with nearby food delivery options, said Wednesday that it has raised $20 million in its fourth round of funding.
GrubHub, launched in 2006 as the brainchild of local software engineers Matt Maloney and Mike Evans, raised $11 million in November from Menlo Park, Calif.-based Benchmark Capital. Maloney told the Tribune he wasn’t looking for more funding after that round, but “the calls came pouring in from top-tier venture firms all across the country” that were interested in the company. Get the full story »
Feb. 25 at 10:57 a.m.
Filed under:
Venture capital
By Becky Yerak
Chicago-based Media Chaperone, developer of a free Facebook application that helps parents manage their children’s Internet gaming use, said it has raised $1 million in its first venture capital backing ever.
The investor group is led by Northbrook-based Leo Capital Holdings, which focuses on youth-oriented technology companies. Leo’s managing partner is Randy Rissman, who founded toymaker Tiger Electronics and in 1998 sold it to Hasbro for $335 million. Rissman will join Media Chaperone’s board of directors. Leo’s other investments include Chicago-based GrubHub.com. Get the full story »
By Wailin Wong
A meal from Reza's Restaurant delivered to Tribune food critic Phil Vettel through GrubHub, Jan. 24, 2008. (Abel Uribe/Tribune)
GrubHub, the Chicago-based technology start-up that connects consumers with restaurants that deliver to their neighborhood, has raised $11 million in its third and largest round of venture-capital funding.
The company received the funding from Benchmark Capital, a Menlo Park, Calif.-based firm that has also backed companies such as restaurant reservation service OpenTable, review site Yelp and real estate site Zillow. GrubHub launched in 2006 and had previously raised $3.1 million in two rounds of funding from Origin Ventures, Leo Capital and Amicus Capital. Origin Ventures and Leo Capital are both based in Northbrook.
Matt Maloney, GrubHub’s co-founder and chief executive, said the company was looking for funding to expand into new cities and develop new products and features in areas such as mobile applications. Get the full story »
