EzCater

ezCater is a Boston-based company that connects businesses with restaurants and caterers through an online marketplace. It was co-founded by Stefania Mallett, CEO, and Briscoe Rodgers, Chief Strategy Officer, in 2007.[2][3][4][5]

ezCater
IndustryCatering
Founded2011
HeadquartersBoston, Massachusetts[1]
Websitewww.ezcater.com

Method

With its online platform, ezCater connects corporate catering orderers and sales representatives with nearby restaurants and caterers.[6][7][3]

It allows companies to review menus from restaurants and then place an order for meetings or company events.[7][8] Restaurants are required to have the appropriate catering menus and web presence to join the platform.[9][6][10] ezCater has over 75,000 restaurants and caterers signed up on its platform.[11][12] ezCater’s catering management software helps caterers manage orders and deliveries.[13][14]

The website also stores receipts and order histories, and gives companies the ability to let others order food for clients and events with set maximum amounts and tipping policies.[7][15] Once an order is placed, ezCater tracks it to be sure there are no issues.[13]

History

In 2011, Mallett and Rodgers raised $2.7 million in Series A investment.[2] Seven years later, in 2018, the company raised $100 million.[3] That funding round was led by Wellington Management Company, with existing investors such as ICONIQ Capital and Insight Venture Partners participating as well.[13][6] This brought ezCater’s total funding to $170 million with a valuation of $700 million.[6][13]

In 2017, ezCater partnered with JLL to provide meals to Feeding America.[16][17][18] They've provided over a million meals to date.[19]

In 2019, ezCater acquired Monkey Group, a cloud platform for take-out, delivery, and catering.[2][20] That same year, a $150 million Series D-1 funding round saw ezCater reach a $1.25 billion valuation.[2][9]

During the coronavirus pandemic in 2020, ezCater launched its app & website, Relish by ezCater, which allows workers to place food orders from local restaurants.[21][22][23] 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.[24][21]

In December 2020, ezCater partnered with Subway to offer a new online catering platform.[25][26]

References
  1. Logan, Tim. "Another cool new office, this one for business catering company ezCater". Boston Globe. Retrieved 7 December 2020.
  2. "Online catering marketplace ezCater gets another $150M at a $1.25B valuation". TechCrunch. Retrieved 2020-12-02.
  3. Roof, Katie (2018-06-19). "EzCater Raises $100 Million for Catering". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-12-02.
  4. Lagorio-Chafkin, Christine (2019-07-30). "EzCater Launched With an Idea for Feeding Hungry Doctors. Now It's a Billion-Dollar Catering Business". Inc.com. Retrieved 2020-12-07.
  5. Helm, Burt (2020-10-13). "Stefania Mallet's ezCater Has a System for Everything When It Comes to Feeding a Crowd". Inc.com. Retrieved 2021-02-04.
  6. "ezCater raises $100M as it looks to own office-catered meals around the world". TechCrunch. Retrieved 2020-12-02.
  7. "ezCater acquires GoCater to expand beyond the US". TechCrunch. Retrieved 2020-12-02.
  8. "Food Tech News: New Growth Medium for Cultured Meat, Pepsi's Plastic-Free Promise". The Spoon. 2020-12-05. Retrieved 2020-12-07.
  9. "Corporate catering marketplace Ezcater raises $150 million at $1.25 billion valuation". VentureBeat. 2019-04-02. Retrieved 2020-12-02.
  10. "Subway works with ezCater to build business with businesses". www.qsrweb.com. 2020-12-04. Retrieved 2020-12-07.
  11. "Could ezCater, the Expedia of Business Catering, be the Next Billion Dollar Company?". VentureFizz. 2014-11-09. Retrieved 2020-12-02.
  12. "ezCater". Angel.
  13. "Boston's ezCater raises $100 million to take its corporate catering platform international". VentureBeat. 2018-06-19. Retrieved 2020-12-02.
  14. PYMNTS (2019-04-02). "ezCater Raises $150M To Scale Business Catering". PYMNTS.com. Retrieved 2020-12-02.
  15. "Red Lobster Joins Catering Platform". Hospitality Technology. Retrieved 2020-12-07.
  16. "Meet The Mom And Economist Who's Fed 100,000 Children (And Counting)│Professional WOMAN's Magazine". Professional Woman’s Magazine | The Working Woman’s Magazine. 2017-11-22. Retrieved 2020-12-07.
  17. "Corporate catering initiative has contributed 100,000+ meals to children in need". High-Profile Monthly. 2017-11-20. Retrieved 2020-12-07.
  18. "Landlords See Enhanced Food Options as Ingredient for Office Rebound". Commercial Observer. Retrieved 2021-02-01.
  19. "JLL reaches milestone of providing over 1 million meals* to Feeding America®". www.us.jll.com. 2020-09-17. Retrieved 2020-12-07.
  20. Apr. 02, Heather Lalley on; 2019. "ezCater raises $150M to fuel catering growth". Restaurant Business. Retrieved 2020-12-02.CS1 maint: numeric names: authors list (link)
  21. Business, Kathryn Vasel, CNN. "Food is a big deal at work. Here's how the pandemic will change lunch and snacks". CNN. Retrieved 2020-12-02.
  22. fodnews (2020-06-25). "ezCater Branches into Solo Workplace Meals". Food On Demand. Retrieved 2021-01-27.
  23. "ezCater Lauches Relish to Reimagine Corporate Lunches". The Spoon. 2020-06-19. Retrieved 2021-01-27.
  24. "Online catering marketplace debuts COVID-smart service". www.fastcasual.com. 2020-06-19. Retrieved 2020-12-02.
  25. Kaiser, Tom (2020-12-10). "Subway Inks Partnership with ezCater". Food On Demand. Retrieved 2021-02-01.
  26. "Subway Taps ezCater for Online Catering Roll Out". QSR magazine. Retrieved 2021-01-27.
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