ezCater Acquisition, Valuation, Funding & Investors
ezCater was acquired by Uber for $2.3B in October 2026.
Cumulative funding ezCater raised
$431M
across 8 funding rounds
Key investors in ezCater
Insight Partners
ICONIQ Capital
Lightspeed Venture Partners
GIC
Wellington Management
Quadrille Capital
Breton Capital Management
SoftBank Group
About ezCater
ezCater is a Boston-based corporate catering marketplace founded in 2007 that connects businesses with restaurants and caterers for workplace meals, meetings and events. The platform enables organizations to order food from over 140,000 restaurant partners nationwide, manage catering budgets across teams and locations, and track spending. ezCater serves companies of all sizes, from startups to enterprises, as well as large institutional clients including universities and nonprofits. The company operates a centralized invoicing and spend management system with features for budget controls and user management. As of 2026, ezCater has raised approximately $423 million in total funding and employs around 900 people.
Founded
2007
HQ
Boston, MAWebsite
Status
Acquired
Customer focus
B2B & B2C
Revenue model
Commission
Valuation
$1.6B (Dec 2021)
ezCater Acquisition
ezCater was acquired by Uber for $2.3B on 6 October 2026.
Before the acquisition ezCater had raised $431M across 8 funding rounds.
Uber Technologies announced its acquisition of ezCater, a Boston-based catering and workplace meals platform, in October 2026 for $2.3 billion in cash. The transaction expands Uber Eats' footprint in the corporate catering and workplace food management market, where ezCater has established itself as the leading platform connecting businesses with over 100,000 restaurants nationwide. Founded in 2007, ezCater serves over 125,000 restaurants through its online marketplace and offers meal program solutions for enterprises managing employee meals, meetings and events across all locations. The company generated revenue growth from approximately $1.6 billion in previous years with record customer adoption among major enterprises including Care.com, San Francisco Giants and Rice University. ezCater's platform provides centralized invoicing, spend management tools and controls over meal budgets by team or location, addressing the corporate food service market estimated at over $60 billion in the United States. Headquartered in Boston, Massachusetts, the company pioneered the online catering marketplace space.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 6 Oct 2026 | Strategic M&A | $2.3B |
Sources: investor.uber.com, reuters.com, dealroom.co
ezCater Valuation
ezCater is currently valued at $1.6B, based on its Series D in December 2021. Read the announcement ↗
The $100M round was led by SoftBank Group, with participation from ICONIQ Capital, Invus, GIC, Quadrille Capital, Lightspeed Venture Partners and 1 other investor.
ezCater's valuation has grown 2.3x from $700M at its Series D in June 2018 to $1.6B in December 2021, across 3 priced rounds.
ezCater valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2021 | Series D | $1.6B |
| Apr 2019 | Series D | $1.3B |
| Jun 2018 | Series D | $700M |
ezCater Funding History
ezCater has raised a total of $431M across 8 funding rounds.
ezCater's first fundraising round was a $1M pre-seed round in June 2013. The most recent completed round was a $100M Series D in December 2021.
ezCater funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series D | SoftBank Group (lead); ICONIQ Capital; Invus; GIC; Quadrille Capital; Lightspeed Venture Partners; Insight Partners | $100M | $1.6B | ezCater is a Boston-based corporate catering platform connecting businesses with local restaurants for workplace food solutions, specializing in scalable enterprise meal programs distinct from consumer delivery services. The company announced a $100 million Series D-2 extension round in December 2021, led by SoftBank Vision Fund 2, with participation from investors including GIC, ICONIQ Growth, Insight Partners, Invus, Lightspeed Venture Partners, and Quadrille Capital, bringing total funding to approximately $425-439 million. This round valued ezCater at a post-money figure of $1.6 billion, building on its prior $150 million Series D in 2019 and establishing it as a unicorn in the corporate foodtech sector. Funds are earmarked for scaling enterprise programs, strengthening market presence, expanding the team—particularly in tech roles at its Boston headquarters—and accelerating growth amid post-pandemic workplace demands. ezCater has demonstrated resilience by surpassing its pre-pandemic revenue run rate through adaptations like full corporate food solutions, expanding its addressable market 10x from one-off meetings. It positions itself as the leader in a massive, fast-growing 'food for work' segment, emphasizing business-grade service, flexibility, and expertise built over years. Key backers include Insight Partners (SaaS and enterprise focus), Lightspeed Venture Partners (consumer and enterprise tech), and SoftBank Vision Fund (transformative tech), signaling strong investor confidence in ezCater's product-market fit and potential to dominate corporate catering. |
| Apr 2019 | Series D | GIC (lead); Lightspeed Venture Partners (lead); ICONIQ Capital; Wellington Management; Sidecar Angels; Light Street Capital; Quadrille Capital; H14; Insight Partners; GoldenArc Capital | $150M | $1.3B | ezCater is the world's largest online catering marketplace, connecting businesses with over 60,000 restaurants and caterers for catering orders, while providing software platforms to help restaurant operators manage off-premises sales. Founded in 2007 by Stefania Mallett and Briscoe Rodgers, the company bootstrapped until 2011 and has since expanded rapidly, serving 97% of Fortune 500 companies for business catering needs. On April 2, 2019, ezCater raised $150 million in a Series D-1 funding round co-led by Lightspeed Venture Partners and GIC, with participation from Light Street Capital, Wellington Management, ICONIQ Capital, Insight Partners, Quadrille Capital, and others, bringing total funding to $320 million. The post-money valuation reached $1.25 billion, marking unicorn status. Funds were allocated for global expansion, including organic growth, international markets, acquisitions like the recent MonkeySoft Solutions (March 2019) and prior GoCater (July 2018), and product enhancements such as ezDispatch delivery. ezCater demonstrated strong traction, more than doubling revenue and bookings for seven consecutive years leading into 2019, with CEO Mallett expecting the same for 2019 despite increasing scale. The catering market, valued at nearly $60 billion, grows 50% faster than the overall restaurant industry, positioning ezCater as the market leader in digitizing catering operations and driving partner profitability. Future plans included potential IPO or acquisition as the company matures. |
| Jun 2018 | Series D | Wellington Management (lead); ICONIQ Capital; Monkfish Equity; Insight Partners | $100M | $700M | ezCater is an online catering marketplace connecting offices and groups with local restaurants for catered meals, emphasizing reliability, customer service, and a curated network of over 60,000 restaurants. The company raised a $100M funding round on June 18, 2018, led by Wellington Management, with participation from ICONIQ Growth (then ICONIQ Capital), Insight Partners, and others including Monkfish Equity, bringing total funding to around $170M at a $700M valuation. Funds were earmarked for expansion, particularly internationally, restaurant onboarding, and enhancing catering management tools for partners. More than half of ezCater's staff focuses on customer service, supported by automation, to ensure timely deliveries for high-stakes events like sales calls or company meetings. The platform curates restaurants for quality and reliability rather than price or cuisine type, requiring manual outreach and vetting for independents while accommodating chains. This approach positions ezCater to dominate the office catering market amid competition from players like ZeroCater, Fooda, and Cater2.me. |
| Jan 2017 | Series D | ICONIQ Capital (lead); Insight Partners | $35M | - | ezCater is an online marketplace for business catering that connects businesspeople with restaurants and caterers nationwide. Founded in 2007, the company serves as the only nationwide marketplace for business catering, with connections to nearly 50,000 restaurants and caterers across the country. In January 2017, ezCater raised $35 million in Series D funding led by ICONIQ Capital with participation from existing investor Insight Venture Partners. This round brought the company's total funding to $70 million and was designated to accelerate product development, expand customer support, and strengthen sales and marketing efforts. The company positioned itself as having clear market leadership with proprietary technology, an extensive nationwide network of restaurant partners, and competitive advantages in connecting caterers to new customers they could not otherwise reach. By 2019, ezCater had raised significantly more capital ($150 million Series D-1 round led by Lightspeed Venture Partners and GIC), achieving unicorn status with a $1.25 billion valuation. The company reported that 97 percent of the Fortune 500 used its platform for business catering and had been doubling revenue and bookings annually for multiple years prior to 2019. |
| Oct 2015 | Series C | Insight Partners (lead); Brian Costello | $28M | - | Insight Venture Partners led a $28 million Series C round in ezCater, announced in October 2015. The round included a $13 million tranche that had closed earlier in the year. The funding was intended to help the company scale to meet rising demand from businesses across the United States and to speed development of new features. ezCater is a Boston-based online marketplace for business catering that takes advance orders from companies and routes them to local restaurants and caterers, in a manner similar to consumer food-ordering apps. Stefania Mallett is a founder and the chief executive. At the time of the round the company had raised about $35 million in total funding. |
| Mar 2015 | Series C | Insight Partners (lead); Breton Capital Management; LaunchPad Venture | $13M | - | ezCater is a nationwide online marketplace for business catering that connects business buyers with restaurants and caterers across the United States. The platform allows companies of all sizes to discover, order, and manage catering for meetings and events online. In March 2015, ezCater closed a Series C funding round of $13 million led by Insight Partners. This round was designed to expand market reach and improve platform capabilities. By the time of subsequent funding announcements in late 2015 and early 2017, the company had built a network of over 43,000 caterer and restaurant partners and was serving businesses across diverse industries including finance, construction, and pharmaceuticals. The company continued to demonstrate strong growth momentum, eventually reaching unicorn status with a $1.25 billion valuation following a $150 million Series D-1 round in 2019. |
| Apr 2014 | Series B | Breton Capital Management; Chris Cuddy; Jill Preotle; LaunchPad Ventures; Maine Angels | $4M | - | ezCater raised $4 million on April 15, 2014, from investors including Breton Capital Management, Chris Cuddy, Jill Preotle, and LaunchPad Ventures to expand its online catering marketplace by adding more caterers and reaching additional customers. The Boston-based platform connects businesses with local caterers across the U.S., focusing on orders placed in advance for meetings and office lunches, differentiating from on-demand services. At the time, ezCater had onboarded 30,000 caterers, served over 1.8 million people with average order sizes of $225, and reported tripling revenue each of the prior three years. Total funding raised to date reached $6.5 million. |
| Jun 2013 | Pre-seed | - | $1M | - | - |
Who has invested in ezCater?
20 investors have backed ezCater across its funding rounds, including Insight Partners, ICONIQ Capital, Lightspeed Venture Partners, GIC, Wellington Management and Quadrille Capital.
Lead investors include SoftBank Group, GIC, Lightspeed Venture Partners, Wellington Management, ICONIQ Capital and 1 other investor.
ezCater Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 6 | Lead | Mar 2015 | |
| San Francisco, CA | 4 | Lead | Jan 2017 | |
| Boston, MA | 2 | Participant | Apr 2014 | |
| Boston, MA | 2 | Lead | Jun 2018 | |
 Singapore | 2 | Lead | Apr 2019 | |
 Paris | 2 | Participant | Apr 2019 | |
| San Francisco, CA | 2 | Lead | Apr 2019 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Chris Cuddy | New York City, NY | 1 | Participant | Apr 2014 |
 Leipzig | 1 | Participant | Jun 2018 | |
| Boston, MA | 1 | Participant | Apr 2019 | |
| Jill Preotle | Boston, MA | 1 | Participant | Apr 2014 |
| Boston, MA | 1 | Participant | Mar 2015 | |
 Tokyo | 1 | Lead | Dec 2021 | |
This data is available for Pro users. Sign up to see all 20 ezCater investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by ezCater
ezCater has acquired 2 companies to date.
Last acquisition by ezCater was on March 27th 2019. ezCater acquired Monkey Group for undisclosed valuation.
Latest Acquisitions by ezCater
| Description | Monkey Group is a Danish software provider of cloud platforms for takeout, delivery, and catering operations. The system handles ordering, inventory, and payments for restaurants in Scandinavia, with integrations to POS systems and delivery apps. | GoCater was a Paris corporate-catering marketplace created within La Belle Assiette and separated as a dedicated business in 2016. Companies used the platform to compare menus, place office-meal orders, manage multiple users and consolidate approvals and invoices. Caterers received software for order management, billing, customer administration and inventory, allowing the marketplace to support both online and offline demand. GoCater earned commissions and service revenue from suppliers as orders passed through the platform rather than charging employees for marketplace access. It initially assembled catering partners in France and Germany and used a 2017 seed round to develop the product and expand supplier coverage. US corporate-catering marketplace ezCater acquired GoCater in July 2018 to establish a European operating base. The business therefore served employers and caterers in a two-sided B2B marketplace and is correctly treated as an acquired company. |
| HQ Country |  | |
| HQ City | Vancouver | Paris |
| Deal Date | 27 Mar 2019 | 23 Jul 2018 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all ezCater acquisitions and their M&A valuation multiples. Start Free Trial | ||
ezCater Competitors
ezCater competitors include listed companies like Talabat, Delivery Hero, Instacart and Grab, and private ones like Rappi and OPay.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Bogotá | Private | - | - | $5.3B | - | |
 UAE | Publicly listed | $1.7B | $323M | $7B | 1.4x | |
| Germany | Publicly listed | $16B | $306M | $13B | 0.9x | |
| United States | Publicly listed | $3.7B | $598M | $14B | 3.1x | |
| Singapore | Publicly listed | $3.4B | $350M | $14B | 2.6x | |
 Lagos | Private | $536M | - | $2.8B | 73.7x |
ezCater Public Comps
ezCater is no longer listed, but its public comps include Stubhub, TX Group, Urban Company, Visional, TBO.com, Rasan, Inchcape, Ziff Davis, The RealReal and Moltiply Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.7B | ($1.4B) | 1.4x | 1.3x | (1.8x) | 6.5x | |||
| $1.1B | $312M | 2.4x | 2.5x | 8.1x | 9.0x | |||
| $165M | ($26M) | 14.0x | 11.3x | (88.3x) | (53.3x) | |||
| $628M | $184M | 3.1x | 2.9x | 10.7x | 10.8x | |||
| $267M | $41M | 6.1x | 4.6x | 39.3x | 30.2x | |||
| $174M | $73M | 16.2x | 10.4x | 38.9x | 24.5x | |||
| $12B | $868M | 0.3x | 0.3x | 4.5x | 4.3x | |||
| $1.5B | $335M | 0.8x | 0.9x | 3.5x | 3.2x | |||
This data is available for Pro users. Sign up to see all ezCater competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ezCater
| When was ezCater founded? | ezCater was founded in 2007. |
| Where is ezCater headquartered? | ezCater is headquartered in Boston, MA, United States. |
| Is ezCater publicly listed? | No, ezCater was acquired by Uber in October 2026. |
| Who acquired ezCater? | ezCater was acquired by Uber in October 2026. |
| How much was ezCater acquired for? | ezCater was acquired for $2.3B in October 2026. |
| What is ezCater's valuation? | ezCater was last valued at $1.6B in its Series D in December 2021. |
| How much funding has ezCater raised? | ezCater has raised $431M across 8 funding rounds. |
| What was ezCater's last funding round? | ezCater's last funding round was a $100M Series D in December 2021, led by SoftBank Group. |
| Who are ezCater's investors? | ezCater's investors include Insight Partners, ICONIQ Capital, Breton Capital Management, Wellington Management, GIC, Quadrille Capital, Lightspeed Venture Partners, Chris Cuddy, Monkfish Equity, Sidecar Angels and 10 others. |
| Which companies are comparable to ezCater? | Companies comparable to ezCater include Rappi, Talabat, Delivery Hero, Instacart, Grab and OPay. |
| How many companies has ezCater acquired? | ezCater has acquired 2 companies, including Monkey Group and GoCater. |
See companies similar to ezCater
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.