ZeroCater, the industry-leading corporate catering company that makes feeding employees easy and enjoyable, has raised $4.1 million in funding from Romulus Capital and Struck Capital.
San Francisco - August 18th, 2016. RedNewswire/-
A famously lean operation, ZeroCater has built a $100 million-plus company after raising only $1.5 million in its 2011 seed round.Founded in 2009, ZeroCater was born from a frustration: founder Arram Sabeti sought a way to ease the difficulty of feeding a corporate team easily, healthfully, and efficiently.
After more than a year of bootstrapping, ZeroCater was accepted to Silicon Valley-based startup accelerator Y Combinator in 2011. Today, ZeroCater partners with independent restaurants, food trucks, and private chefs to bring meals to offices in the San Francisco Bay Area, New York City, Chicago, Washington, DC, and Austin.
In August 2015, the company announced that it had surpassed $100 million in sales. It has continued to grow over the past year and now serves over 1,000 companies tens of thousands of meals each day. With this new round of funding, ZeroCater will expand its product and engineering teams.
"We're focused on building a scalable and responsible business, and typical venture capital practices didn't resonate with our business model," says Sabeti.
The company sought to avoid firms that push to invest more money without focusing on the unique needs of the business. Its decision to partner with two smaller, more flexible funds resonated better with its overarching mission.