Grubwithus has raised $5 million in Series A funding from GRP Partners and Lebanese entrepreneur Michel Daher, known for Daher Foods. The Y Combinator funded company previously raised about $1.6 million in seed stage funding from actor Ashton Kutcher, Andreessen Horowitz, First Round Capital, New Enterprise Associates, Start Fund, SV Angel and individual entrepreneurs Yuri Milner, Matt Cutts, Paul Buchheit and Alexis Ohanian. As part of the Series A funding, GRP Partner Mark Suster will join the board.
GRUBWITHUS RAISES $5 MILLION IN SERIES A FINANCING FROM GRP PARTNERS AND MICHEL DAHER
Venice, CA – May 30, 2012 – Grubwithus, Inc., the social dining network looking to take online connections offline over great food, today announced that the Company has secured a $5 million Series A investment round led by Los Angeles based venture capital firm, GRP Partners (“GRP”) with participation from Lebanese entrepreneur, Michel Daher. The Series A venture funding follows a $1.6 million seed round raised in May 2011 through Y Combinator and a group of venture capital firms and angel investors including Ashton Kutcher, Andreessen Horowitz, First Round Capital, Aviv Nevo, and others.
Launched in August 2010, Grubwithus is pioneering the “in real life” movement and quickly becoming one of the easiest ways to meet people offline. Grubwithus allows users to easily create public and private meals, connect with like-minded people online and off, and establish meaningful relationships with other community members. Meals have been held in nearly fifty different cities, including three international, and over the past six months, the Grubwithus userbase has nearly doubled. Grubwithus has 14 full-time employees.
The capital raised will enable Grubwithus to further its growth trajectory by developing the Company’s restaurant portfolio, creating additional marketing channels, and enhancing the customer experience, while also driving expansion into key domestic and international markets. In the near term, Grubwithus plans to launch complimentary business segments including last-minute group get togethers and happy hours to capture new users and appeal to existing grubbers.
Focused on helping entrepreneurs build big, transformative businesses, Mark Suster, Partner at GRP, will join the Grubwithus Board of Directors. As a two-time entrepreneur, Suster joined GRP in 2007 with a focus on early-stage technology companies including Affordit, EagleCrest Energy, EcoMom, ExpenseCloud, Gendai Games, and LaughStub.
“In the last year we have achieved meaningful milestones, including significantly growing our business and developing our Grubwithus groups platform to include everything from Y Combinator Grads & Enthusiasts to Travel Lovers,” said Eddy Lu, Co-Founder and CEO of Grubwithus. “We are excited about the opportunities ahead as we begin work with Michel, Mark, and the team at GRP to disrupt established social norms and ultimately create long-term fundamental change.”
Founded in July 2010 and headquartered in Venice, California, Grubwithus is a social dining network looking to take online social networks back offline. Pioneering the “in real life” movement, grubbers can browse and reserve meals online, and then meet, socialize, and build relationships over tasting menus in the US. Grubwithus gives users the opportunity to connect with others, meet people who share similar interests, engage with influential luminaries, and host private meals. For more information, visit the company website at www.grubwithus.com.
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