UK-based Just-Eat, the world’s largest online meal take-out and delivery ordering service, announced the closure of a financing round of $64 million led by funds managed by Vitruvian Partners, a European private equity firm, with Index Ventures, Greylock Partners and Redpoint Venturesalso participating. This investment marks the Just-Eat Group’s third and largest funding round in less than two years.
Commenting on the investment, Klaus Nyengaard, Chief Executive Officer of Just-Eat said: “This new investment will help our continued expansion. Take-out e-commerce has massive growth potential, and Just-Eat is at the forefront of changing the way people order food around the world. Vitruvian Partners has a long history of investing in the brightest mid-market businesses and taking them to the next level and we’re very excited it will be joining us as our new partner. This investment is also a sign of trust in all the smart and hardworking people in our company.”
“This investment is great news for the Just-Eat Group,” says David Power, Managing Director of Just-Eat Canada. “In a separate development, I’d like to take the opportunity to announce that this summer, Just-Eat Canada will begin to expand our online food delivery service across western Canada to the Calgary, Edmonton and Winnipeg markets.”
Launched in Canada in August 2009, Just-Eat Canada has quickly become the largest online food delivery website in the country with a dominating presence of +1,300 restaurants in major cities like Toronto, Ottawa, Montreal, Vancouver and their greater areas.
“We’re eager to connect with restaurant owners in Calgary, Edmonton and Winnipeg to be able to provide them with our tested, established e-commerce platform as well as give locals a better option for ordering food for take-out and delivery all the way across Canada,” says Power.