The Chicago-area venture firm Origin Ventures is raising the biggest fund in its history, according to a regulatory filing, and a smart bet — and new partner — may explain why.
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Not long ago, the daily deals giant Groupon was the toast of Chicago, a press darling that received the blessing of Oprah Winfrey, was commended by Forbes as the “fastest growing company ever,” and even reportedly spurned a multibillion-dollar buyout offer from Google. A Chicago Tribune headline from last December summed up its place in [...]
GrubHub closed its Series C funding with $11 million. Benchmark Capital led the round for the online service for ordering restaurant takeout and delivery meals. The capital will allow Chicago-based GrubHub to invest in its online and mobile solutions, and to expand marketing and sales efforts. It has raised a total of $14.1 million to date.
GrubHub, an online service for ordering restaurant takeout and delivery meals, has raised $2 million in Series B funding. Origin Ventures and Leo Capital co-led the round, and were joined by return backer Amicus Capital. The Chicago-based company will use the capital to expand its services to Boston, San Francisco and New York City. www.grubhub.com