MealPal, the subscription service that makes lunch pick-up from restaurants both convenient and affordable for their customers have managed to raise a staggering $20 million in order to fund their Series B investment. This most recent round of funding has been led by Menlo Ventures, a business that has manage to help MealPal raise a total of $35 million since January 2016, when the company first launched.
Since first starting operations, MealPal has served in excess of 3 million lunches and has expanded into 12 different markets. Most recently, MealPal emerged into the UK’s Manchester market. MealPal is also operational in London.
The newly collected funding will assist the lunch pick-up company and will help to support the businesses future expansion plans. MealPal intend on expanding into other markets in the UK, United States, Canada and Australia as well as stepping into new markets across Europe. The business expect that this growth will take place over the course of the coming months.
The business will continue to help their members as well as continuing to improve the efficiency, profit margins and sales for their restaurant partners. Companies that have invested in MealPal before includes Bessemer Venture, Comcast Ventures, Haystack Partners and NextView Ventures.
The success that has been experienced by MealPal with their subscription service has given them confidence that their expansion plans will be as successful, and the business will be operation in a large number of cities around the world in no time. The innovative pick-up service that is delivered by the company is revolutionising the lunch time food industry and is improving mealtimes for consumers and restaurants.
In New York City, MealPal has expanded on their lunchtime offering and has offered their members two possible subscriptions for dinner. These subscriptions are either a 20-meal plan costing $6.49 a meal, or a 12-meal plan at $6.99 a meal, with the option of hundreds of different restaurants around the city at a discounted price.