Greylock and Redpoint backs Just-Eat

Venture capital firms Greylock Partners and Redpoint Ventures have co-led a US$48 million (£30 million) financing round for takeaway ordering service Just-Eat.

Existing investor Index Ventures has also committed to the second round for the London-based e-commerce business, which aims to ramp up its international rollout plans and further develop web products for consumers.

Just-Eat enables people to order takeaway food from independent restaurants and chains via the internet. It currently operates in ten countries including six Northern European countries and the UK.

Greylock Partners’ London-based partner Laurel Bowden will join the company’s board as part of the investment. The recent fundraising follows a £10.5 million Series A round in July 2009.

Klaus Nyengaard, chief executive of Just-Eat, says, ‘The investment allows us to keep pace with hungry customer demand. We welcome the support of our new investors in building the global champion in the category.’

Alan Dobie

Johnathon Jacobs

Alan Dobie was assistant editor at Vitesse Media Plc before moving on to a content producer role at Reed Business Information. He has over 17 years of experience in the publishing industry and has held...

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