City Pantry secures £4m funding

caterer, funding, office
Industry
10/04/2018 - 08:00
City Pantry has raised a new £4 million round, led by Octopus Investments, with participation from existing investors and Newable Private Investing.

The London-based office caterer says the funds will be used to continue the company’s triple-digit growth in the capital, whilst also beginning expansion to new markets, targeting cities across the UK over the next 18 months.

Founded by Stuart Sunderland in 2013, City Pantry set out to improve the catering options open to companies in London. Customers use the platform to choose from 300 of the city's restaurants and caterers. It aims to transform the way employees eat by bringing food from local caterers and restaurants direct to offices, covering events, meetings and team meals.

Anthony Clarke, Managing Director of Newable Private Investing, said: “City Pantry takes an innovative approach to boosting employee morale and productivity by encouraging teams to eat together. We’re delighted to participate in this round.”

City Pantry claims to now serve over 20,000 meals per week to the employees of more than 500 companies, including Google, Amazon, PayPal, Spotify and Unilever. 

Stuart Sunderland, founder and chief executive of City Pantry, 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.”

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