Venture Capital - Tuesday, November 13, 2007
Food Delivery Online's GrubHub Raises $1.1M
Staying on the subject of food, Lake View, IL-based GrubHub has raised $1.1M in first-round funding led by Origin Ventures. The startup had won a$25K award from the University of Chicago New Venture Challenge. The company was founded by a couple of guys who are getting their MBAs there at the university and who have been writing software at Classified Ventures.
Grubhub just does business in Chicago and San Francisco. It provides an online delivery service and local search engine for restaurants in Chicago and San Francisco. The premise is that there is not a central place on the net to read menus and have food delivered to you. There are, however, several competitors, at least in San Francisco, that include Eat247Hours.com and Delivery.com
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