Just Eat is a Copenhagen based online service founded in 2000 that has created an online portal for food delivery. The company recently received another feather to its hat as GigaOM wrote about the company belonging to one of the 5 super star companies out from Europe (for record, other companies in that category were Rovio, Spotify, Vente Privée and Wonga, Northern Europe ftw!). Just Eat is now live in 14 countries and has 15 000 restaurants in its system. It’s the world leader in online takeaway ordering.
Just Eat launched their first site in 2001. After a few years of bootstrapping, the company opened their UK site in 2006. In 2009 they raised their first larger series A round. Investors in Just Eat include Index Ventures, Greylock Partners, Redpoint Ventures, SM Trust, Venrex and other smaller private investors.
The company has been grinding for a long time, but these days it’s pretty much an unspoken success story. With its 15 000 restaurants using the service, Just Eat enables millions of take away orders every month. Saul Klein also named the company one of the companies on his list of Nordic companies making $10+ million in revenue on Quora.
Just Eat is also growing strong. In April they announced the acquisition of an Italian ClickEat.it. In the coming years Just Eat will invest million of euros in improving the service in Italy and clearly aiming at becoming a market leader.
How do they have the money to do this? In March this year, the company announced a whopping $48 million in funding from Greylock Partners, Redpoint Ventures and Index Ventures. That’s a huge round – clearly aimed at pushing the company further on its path to internationalise. With such a large round, it’s a clear acknowledgement from the investors that there’s huge potential in the company.
We’ll be sure to keep our eyes open for Just Eat in the future as well.