Just-Eat, a London, UK-based takeaway ordering service, closed a $48m financing. The round was co-led by Greylock Partners and Redpoint Ventures, with substantial participation from existing investor Index Ventures.
The company intends to use the funds to accelerate its international roll-out and further develop the consumer web offering and range of services provided to partner restaurants.
founded in Denmark in 2000 and led by CEO Klaus Nyengaard, Just-Eat enables small, independent restaurants to access potential customers online. It allows site visitors to go the site and enter their postcode to see a large range of local restaurants and menus.
Just-Eat is currently represented in ten countries, across three continents and works with over 15,000 restaurants.
In conjunction with the funding, Laurel Bowden, Partner at Greylock Partners, will join the company’s board.
FinSMEs
16/03/2011