City Pantry, the fast-growing office catering platform, has raised over GBP1.1 million to grow its London operation and expand to new cities.
City Pantry currently delivers more than 10,000 meals a week to offices in London, where its clients include Facebook, Buzzfeed and Deloitte. The service makes group ordering hassle free with meals to suit any event curated from London’s most exciting independent chefs, restaurants and street-food vendors.
Over the last 12 months, City Pantry has grown by 400 per cent and has recently opened larger offices in Shoreditch. This new round of funding will allow the company to target a larger slice of the GBP48 billion European catering market.
Stuart Sunderland, Founder of City Pantry, says: “Our mission is to help the world’s best companies work better by eating together. We’re delighted to have secured this funding, which we’ll use to build on our offer in London, invest in sales, marketing and engineering, and target new cities both in the UK and across Europe.
“For many people, especially amongst our own customers and vendors, their work is changing the world and we’re proud to be part of helping them succeed.
“We believe that good food makes a great company. Sharing a meal creates an environment where better communication, productivity and health are nourished.”
Baz Saidieh, CEO of TrueStart and one of the original investors in City Pantry, says: “City Pantry is one of those genuinely innovative businesses that we look for at TrueStart. They have spotted a gap in the market that offers a huge opportunity, and have developed a streamlined service that takes the hassle out of office catering. City Pantry is one to watch.”
Tim Mills, Investment Director at the Angel CoFund, says: "The food delivery market is an exciting space that has already spawned a number of high growth businesses in London. What is really compelling about City Pantry is the B2B nature of its model, which gives corporate customers access to exciting and differentiated menus for the first time and affords the team a more stable order cycle, building a good foundation from which to scale the business.”
The latest round of investment comes from existing investors, the Angel Co Fund, The London Co Investment fund and angel investors.
