FoodByUs
Food By Us is providing services of buy and sell quality food from makers in local area.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
* | N/A | Series C | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 22 % | 54 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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In 2015, Ben Lipschitz and Gary Munitz founded FoodByUs in Sydney, Australia, with a vision to transform the way food businesses connect with suppliers. The company began as an online marketplace, aiming to streamline the procurement process for cafes, restaurants, and caterers by connecting them directly with wholesale food suppliers.
FoodByUs quickly gained traction in the food service industry, offering a platform that simplified ordering and provided transparency in pricing. This innovation addressed a significant pain point for small to medium-sized food businesses, which often struggled with complex supply chains and inconsistent pricing.
In January 2023, FoodByUs achieved a major milestone by securing a $12 million Series B funding round led by Base Capital, with participation from FJ Labs and other investors. This funding was pivotal in expanding their operations and enhancing their technology platform, allowing them to better serve their growing customer base.
Today, FoodByUs stands as a key player in the Australian food supply chain, continuously evolving to meet the needs of its clients. The company's journey reflects a commitment to innovation and customer-centric solutions, positioning it as a leader in the B2B food marketplace sector.