The London-based start-up will use the funding to expand into new markets, targeting new cities across the UK over the next 18 months.
City Pantry has closed a £4m Series A funding round led by Octopus Investments with participation from existing investors and Newable Private Investing.
The company, which was founded by Stuart Sunderland in 2013, is transforming the way employees eat by bringing food from local caterers and restaurants direct to offices, covering events, meetings, and team meals.
It already serves over 20,000 meals every week to the employees of more than 500 companies, including Google, Amazon, PayPal, Slack, Spotify and Unilever. Customers use the City Pantry platform to choose from 300 of London’s most popular restaurants and caterers.
The company’s founder, Stuart Sunderland, spent much of his early corporate life eating at his desk, having initially worked in the financial sector. Convinced that company culture could be improved by teams eating together, he set out to connect his local market in Brixton to hungry office workers.
Delivering the first order himself to get word out, he quickly grew the company to build out a dedicated operations fleet and a network of London’s best restaurants, inspiring companies to improve and care about the culture that he craved at work.
Speaking about the funding raise, he said: “While we’ve all seen the phenomenal growth of online food delivery in B2C over the past few years, food to businesses lags significantly behind; legacy relationships with caterers and the unique pressures of ordering for larger groups make innovation and progress slower.
“However, we’ve reached a tipping point as we have so much more easy access to incredible food in our everyday lives, we now expect that within our professional lives and companies that care about the quality and variety of what is served have an advantage.
"With a growing chasm between what's available in London's restaurants and what we are offered at work, City Pantry bridges the gap with on-trend, high-quality food that is easy to order and reliably delivered.”
The company has tapped into a growing demand from employees for greater workplace wellbeing; and for employers to offer more than just a good salary.
Grant Paul-Florence, head of intermediate capital at Octopus Investments, City Pantry’s lead investor, added: “City Pantry is one of the hottest start-ups in this space, and the team has ambitious plans to revolutionise the way people eat at work.
“It’s uniquely placed to satisfy the growing appetite for high quality, hassle-free workplace meals, which organisations are increasingly demanding as they work to build an attractive company culture.”
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement