London based B2B food delivery company, City Pantry (https://citypantry.com) has secured an investment round with participation from Angels in the City and LBA's investors and the London Co-Investment Fund (LCIF). The company was founded in 2013 by Stuart Sunderland and has developed a leading platform that enables a user to organise food for up to 1000 people in a matter of minutes. For customers with regular catering needs City Pantry offer a ‘Meal plan’ tool, which allows the Office Manager to arrange their whole month’s worth of orders in one easy process that takes under 10 minutes. The City Pantry service is used by multiple clients to organize their daily food requirements. The investment will be used to roll out the service further in the London market before expanding to other European cities in 2017.
Stuart Sunderland, City Pantry CEO, comments, “We’re delighted to have secured this funding, which we’ll use to build on our offer in London, invest in sales, marketing and engineering, and target new cities both in the UK and across Europe.”
Anthony Clarke, LBA CEO, comments, “the city pantry service, which is actively being used by a range of blue-chip clients, allows organisations to plan and organise their catering needs and in turn improve client and employee happiness. This latest round of funding will allow the service to be rolled out further in London and internationally and we wish Stuart and his team well as they now scale up their growth.
Puneet Bhatia, LCIF Fund Manager, comments, “The market opportunity to fulfill latent corporate needs is huge and City Pantry, who aims to disrupt the roughly estimated £8bn UK corporate catering market, is a fine example of how start-ups can identify such demand and seize this massive market opportunity with innovative solutions.”
More info on https://www.citypantry.com