Operations

Lunchbox raises $50M in funding

DoorDash, Sweetgreen and &pizza have invested in the company.

istock

February 2, 2022

Lunchbox, a collection of online ordering solutions for restaurant chains and ghost kitchens, has raised $50 million from Coatue, Primary and 645 Ventures as well as executives from DoorDash, Sweetgreen and &pizza.

This announcement comes on the heels of Lunchbox's acquisition of Spread, an online marketplace that connects restaurants with diners. Lunchbox has also created a digital food hall with C3 that allows restaurant groups to create an experience where guests can order from multiple brands in one cart, according to a company press release.

Restaurants including Bareburger, Clean Juice, Fuku, Little Sesame, Sticky's Finger Joint, and Tacombi use Lunchbox's technology, and since announcing its Series A in October 2020, Lunchbox has saved them and other restaurants over $35 million that would have otherwise gone to third-party ordering platforms, said Nabeel Alamgir, CEO, and co-founder of Lunchbox.

"We've built a transformative food tech company by creating products designed by restaurateurs for restauranteurs," he said in the release. "The pandemic forced restaurants to understand and quickly adapt to new technologies in order to stay afloat and we're here to help. At its core, Lunchbox is committed to building exceptional tools that will help restaurants everywhere.

The funds will accelerate product research and development to meet a demand for brand-first restaurant technology. The company offers a suite of products including: web and app ordering, loyalty programs, channel marketing and Lunchbox Studio. In late 2021, it unveiled products built for ghost and virtual kitchens.