Lunchbox Raises $50M in Series B Funding to Shake Up the Restaurant Industry

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Since the announcement of their series A in October 2020Lunchbox saved restaurants $35 million that would otherwise have gone to third-party ordering platforms. Restaurants such as Bareburger, Clean Juice, Fuku, Little Sesame, Sticky’s Finger Joint and Tacombi use Lunchbox technology. This announcement follows Lunchbox’s acquisition of Spread, an online marketplace that connects restaurants with diners. Lunchbox has also created a one-of-a-kind digital food hall with C3 that allows restaurant groups to create an experience where customers can order from multiple brands in a single cart.

The new funds will accelerate research and product development to meet increased demand for branded restoration technologies. The company currently offers a suite of products including: Web and App Ordering, Loyalty Programs, Channel Marketing and Lunchbox Studio. In late 2021, Lunchbox unveiled new products designed for ghost and virtual kitchens. This new funding will also be used to recruit top talent to grow across all departments.

“We’ve built a transformative food tech company by creating products designed by restaurant owners for restaurant owners,” says Nabeel Alamgir, CEO and co-founder of Lunchbox. “The pandemic has forced restaurants to quickly understand and adapt to new technologies in order to stay afloat and we’re here to help. At its core, Lunchbox is committed to creating exceptional tools that will help restaurants around the world whole.

Along with the funding, Lunchbox announces a new member to its management team. Kieran Luke was appointed chief operating officer earlier this year to oversee all operational functions and products for the organization. Kieran was previously Chief Operating Officer at General Assembly, where he focused on providing enterprise customers with assessment and training products.

“The last three years have been very exciting for Lunchbox. We have been following them since 2019 and we are continually impressed by Nabeel’s ambitious vision,” said Rahul Kishore, Senior Managing Director of Coatue. “We believe that the main differentiator between Lunchbox and other companies is its ability to create engaging and lasting relationships between brands. We are very proud of the team’s achievements and look forward to helping them grow and grow. revolutionize the restaurant industry.”

Brad SvrlugaGeneral Partner and Co-Founder of Primary, an ongoing strategic investor in Lunchbox, adds: “There is one thing that immediately stood out to us from the early days of Lunchbox: this team has a unique and compelling commitment to being a partner that is truly aligned with their While other delivery platforms take up a lot of shipping costs and retain valuable customer data, Lunchbox’s fixed monthly fees and transparent data sharing, analysis and remarketing tools really help customers. restaurants to increase their profits, not just their turnover. it was special when the team was only six people; we could never have predicted in a million years how the COVID -19 would create the dire need for this exceptional product or how consumers would get accustomed to getting fast, frictionless delivery.”

Lunchbox is recruiting for several positions in the fields of talent, engineering and marketing. Visit Lunch box for more information.

About the lunch box
Lunchbox is a collection of modern and creative online ordering solutions for corporate restaurant chains and ghost kitchens. Lunchbox is the operating system for managing a restaurant’s entire digital experience, with powerful, fully-stacked tools and integrations for online order management systems, apps, loyalty, and more. . Lunchbox empowers restaurants to increase sales and enhance customer engagement through proprietary data, in-house solutions, and design and marketing support. To learn more, visit www.lunchbox.io.

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Jessica Velarde
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