MealPal, a subscription service for lunch pick-up from restaurants, secured $20M in Series B funding.
The round, which brings total funding to $35m since its January 2016 launch, was led by Menlo Ventures, with participation from previous investors Bessemer Venture Partners, Comcast Ventures, Haystack Partners, and NextView Ventures.
The company intends to use the funds for further team and market expansion in the United States, United Kingdom, Canada, and Australia, as well as new markets throughout Europe, in the next several months.
Founded in 2016 by Mary Biggins and Katie Ghelli, MealPal provides a subscription service for lunch pick-up which enables restaurants to increase efficiencies and revenue during the peak hours and provides a convenient way for members to receive meals.
The company has facilitated more than 3 million reservations and is currently available in select cities across the United States, Canada, United Kingdom, and Australia.
MealPal has expanded its service from lunch pick-up to include dinner starting in New York City, offering two different subscriptions:
– a 20-meal plan for $6.49 per meal and
– a 12-meal plan for $6.99 per meal.
FinSMEs
19/09/2017