It is with enormous joy we can announce that Just-Eat has secured a $48 Mio. series B funding round co-lead by Greylock Partners and Redpoint Ventures which both are world class investors. Existing VC investor Index Ventures also participated significantly. It is by far the biggest funding round ever in this sector.
This event means a huge amount to us here at Just-Eat. Firstly, we get our bank account filled up, so we can keep on growing our company throughout the world. We are already the world leader, but getting significant amounts of fresh capital into the company means our launch plan for new geographies can become even more ambitious. We are already profitable in our existing countries, but this funding round makes it possible to keep on investing heavily in existing countries, launching in a few of the remaining key markets in Europe while also pushing into Asia and the Americas.
Furthermore, the investment is a big pad on the shoulder to everybody in the company who has helped grow this company the last 10 years. Many people have played a significant role in the success of the company all the way from a small start-up Denmark to the international success story which is now run out of London.
Lastly, I think it is great, that for once, Americans VC’s are acknowledging that it is a European company who is the clear leader in a future multi-multi-billion dollar industry. I have lots of respect for the US/Silicon Valley ecosystem and it’s amazing ability to churn out world beating tech companies, but I think we will all benefit from Europe getting joining the race for the future to a much bigger extent.
Thanks to all Just-Eat’ers, and thanks to the investors for believing so much in us. We will do everything we can to show that the trust was well deserved. Cheers for many more years of growth – and now we will go back to work!
NB: to be honest, even though I am extremely happy about this milestone for our company, then the situation in Japan with fires and explosions in a nuclear facility is dampening my mood a great deal. Must be terrible and nervewreaking for the people of Japan. Let us all hope that this situation gets under control ASAP!