Just-Eat Secures $64M Funding Round Led by Vitruvian Partners

By Staff Reporter

Apr 30, 2012 04:05 PM EDT

London based Just-Eat, the world’s largest online takeaway ordering service, today announced the closure of a financing round of $64m (€48m) led by funds managed by Vitruvian Partners, a European private equity firm, with Index Ventures, Greylock Partners and Redpoint Ventures also participating. This investment marks the Company’s third and largest funding round in less than two years.

The investment will be used to continue Just-Eat’s growth, entries into new countries and product innovation, further cementing its global leadership in the online takeaway category.

Commenting on the investment, Klaus Nyengaard, Chief Executive Officer of Just-Eat said: “This new investment will help our continued expansion. Takeaway e-commerce has massive growth potential, and Just-Eat is at the forefront of changing the way people order food around the world. Vitruvian Partners has a long history of investing in the brightest mid-market businesses and taking them to the next level and we’re very excited it will be joining us as our new partner. This investment is also a sign of trust in all the smart and hardworking people in our company.”

Mike Risman, Managing Partner at Vitruvian Partners, said “Just-Eat is already the world’s biggest takeaway e-commerce provider, and we are excited to become part of the team at this critical point in the development of this exceptional business. The management team have done a fantastic job in quickly establishing Just-Eat’s global leadership position, and we are confident our investment will provide a strong financial base for future growth for many years to come.”

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