The story
In 2011, Mallett and Rodgers raised $2.7 million in Series A investment. Seven years later, in 2018, the company raised $100 million. That funding round was led by Wellington Management Company, with existing investors such as ICONIQ Capital and Insight Venture Partners participating as well. This brought ezCater’s total funding to $170 million with a valuation of $700 million.
In 2017, ezCater partnered with JLL to provide meals to Feeding America. They've provided over a million meals to date.
In 2019, ezCater acquired Monkey Group, a cloud platform for take-out, delivery, and catering. That same year, a $150 million Series D-1 funding round saw ezCater reach a $1.25 billion valuation.
In April 2020, as the coronavirus pandemic shuttered corporate offices across the country, ezCater laid off over 400 staff across its Boston, Denver, Paris, and Vancouver offices.
During the pandemic in 2020, ezCater launched its app and website, Relish by ezCater, which allows workers to place food orders from local restaurants. The individually-packaged meals arrive in a designated space at a designated time to cut down on the number of delivery people entering a business.
In December 2020, ezCater partnered with Subway to offer a new online catering platform.
In July 2021, ezCater launched its first-ever TV commercials, advocating for food as an incentive to motivate remote workers to return to the on-site office environment after the pandemic.
In December 2021, ezCater announced a successful $100M Series D-2 funding round led by SoftBank, raising the company's post-money valuation to $1.6 billion.
From Wikipedia’s article on EzCater, shared under CC BY-SA 4.0.6