EatStreet Acquires Zoomer

EatStreet continues their rapid growth as they recently acquired assets from a Philadelphia-based startup in order to aid expansion to cities they operate in across the U.S.

The startup, called Zoomer, has agreed to sell EatStreet certain assets of the business including restaurant contracts in 10 markets for for an undisclosed amount of money. In addition, many employees from Zoomer will join the EatStreet team. The strategic purchase will allow EatStreet to have more control of the food delivery process from start to finish, and the acquisition will help them better manage deliveries for high volume restaurants.

EatStreet now employs over 150 people in the Madison area and has 15,000 plus restaurants available on its service. More information is available here.

EatStreet Raises $11M in Funding

eat-street-logoEatStreet is reported to have raised 11 million in another big round of funding.

The mobile food ordering platform is growing rapidly as they now serve 15,000 restaurants in over 250 cities across the US. EatStreet recently moved to new offices on the Capitol Square as they continue to expand. The Madison based company has now raised a total of 38.5 million dollars to date. You can read more about EatStreet here.

2014 Recap: EatStreet

eat-street-logo-2EatStreet had one thing in mind for 2014: more growth. We set our sights on growing our already talented team, our innovative product offering, and lastly our restaurant clientele. While it was a somewhat terrifying goal, we were determined to grow our restaurant list from 2,500 to 10,000 by year’s end. To fund our aggressive growth goals, we closed a $10M Series B investment with funds coming locally from 4490 Ventures and SWIB.

This investment allowed us to bring on a plethora of new, exciting talent varying from programmers for continued product innovation to sales professionals needed to grow our restaurant list. And grow our restaurant list they did. By mid summer we had already hit our previously stated goal of finishing 2014 with 10,000 restaurants. It was clear we needed to readjust and set a higher goal of 15,000.

Now sitting on one of the largest restaurant lists in the industry, we immediately became an attractive partner in the online food ordering space. Our programmers got to work building out integrations for these partners and this past summer we announced our partnership with Yelp. The partnership now allows their customers to place a delivery or pickup order without needing to leave their site or app. However, our partnerships didn’t stop there. Following our partnership with Yelp, we also launched a partnership with SinglePlatform, a menu provider for many leading search engines.

With an expanded product team, we found ourselves able to bite off more initiatives than possible in 2013. In addition to building out integrations for these partnerships, our product team managed to completely revamp the Android and iPhone apps launched in 2013. Early on it became evident that this was a wise move and we saw our transaction volume shift to nearly 50% mobile throughout the year. The product team also launched a restaurant-specific loyalty program. Last but not least, they completely overhauled our web offering while moving to Angular JS and a whole new design and feel.

However, the biggest achievement of 2014 was building the team of EatStreeters with whom we will embark into 2015. For perspective, we kicked off 2014 with just 20 employees. Today, our office is filled with 80 talented, energetic, and eager minds looking to bring fast, easy, and enjoyable online food ordering to hungry diners all across America.

Make sure to stay tuned in 2015 for more exciting news by following us on Facebook, Twitter, and our blog.

EatStreet Raises $4M in Funding

eat-street-logo-2EatStreet has added an additional $4M in funding to the $6M already raised this year, closing a total Series B round of $10M. EatStreet provides an online ordering platform for 15,000 restaurants in 125 cities across the US. This latest $4M round was led by the State of Wisconsin Investment Board (SWIB) and 4490 Ventures. EatStreet plans to invest heavily in marketing targeting university campuses across the country as well as continue to add restaurants and enter new markets.

Read more from the Wisconsin State Journal here.

EatStreet Closes $6M Series B Funding Round

eat-street-logoMadison-based online restaurant ordering platform EatStreet has just raised $6 million in Series B funding. The funding will help the company to increase its staff, as well as help EatStreet to reach its goal of expanding to more than 15,000 restaurants in 150 cities by the end of the year. In addition to its Web and mobile ordering platform, EatStreet builds custom websites, mobile apps, and Facebook ordering features for restaurants.

Founded in 2010 by UW graduates Matt Howard, Alex Wyler and Eric Martell, EatStreet’s services initially started in Madison, but have now expanded to include 75 cities across the country. In the last three months alone, EatStreet has signed up 3,000 new eateries, and now services approximately 5,500 restaurants.

More details on this story can be found here and here.

2013 Recap: EatStreet

eat-street-logo-2This past year was quite the ride for EatStreet. We started off 2013 strong with our Series A investment led by Cornerstone Angels and Independence Equity, followed by a great TechCrunch article discussing the proud milestone and our plans for our new funds.

Sticking true to those plans, we wasted no time utilizing said funds. We kicked off 2013 by launching a new tablet application that makes our restaurants’ lives a whole lot easier. Instead of limiting ourselves to sending orders to restaurants via email or fax (yes fax), our native Android application allows restaurants to receive and interact with their orders in real-time.

Our restaurants weren’t the only ones to receive new toys in 2013. This past summer, we released our fully native iOS and Android apps for EatStreet users. With just under 10,000 downloads between the two, we’ve seen our mobile transaction increase significantly. And our customers are definitely taking notice. We were recently featured as one of the 6 free apps every Madison smartphone needs. But with our aggressive expansion plans, that could soon be a need for every American smartphone.

But a great product means nothing unless it’s in the hands of users. That’s why in 2013 we focused on a more aggressive nationwide expansion. For perspective, we started 2013 off in 15 markets with roughly 500 restaurants. Today EatStreet is used in over 70 markets nationwide and features more than 2,500 restaurants. But our expansion won’t stop there. In 2014, we are focused on turning EatStreet into a truly nationwide brand and reach the 10,000 restaurant milestone.

Because of these collective successes and hard work, this fall Eric and Matt traveled to Dublin, Ireland to take part in a top 150 startup conference, WebSummit. While in Ireland, our founders represented EatStreet and the Madison startup community. Almost as equally important Eric and Matt learned how to pour the perfect pint at the renowned Guinness factory.

Gearing up for 2014, we have closed out the year on a strong note, gaining recognition in the Milwaukee Journal Sentinel for everything from our humble beginnings to our plans for the future. As touched on in the article, we are bringing on an additional 15 full-time employees to handle the new challenges we will inevitably face come 2014. We were also named the number 2 food startup to watch by StrategyEye Digital Media.

Without a doubt, 2014 will bring even more exciting news for EatStreet. Make sure to stay tuned by following us on Facebook, Twitter and our blog.

EatStreet Raises $2 Million

eat-street-logoEatStreet (formerly UConnect) has just completed a $2 million Series A financing round led by Cornerstone Opportunity Partners, with Great Oaks Venture Capital, Independence Equity, and Gener8tor also participating in the round. EatStreet is a free online ordering service that connects customers with restaurants, and the new capital will enable EatStreet’s expansion into new markets.

Since its launch in 2010 and completion of the Gener8tor Accelerator Program, EatStreet has brought its online ordering platform to over 700 restaurants in 18 markets across the country.

“We have a strong platform and we are ready to use this investment to scale to new markets across the country.” – EatStreet CEO and Co-Founder Matt Howard.

EatStreet is projected to sign over 1,000 restaurants this year and establish an additional 30 markets. Howard says the company is expanding to service larger corporate restaurant chains and will soon offer tablets to current partnered restaurants.