Waitr Secures $10 Million in New Funding to Expand Its On-Demand Food Delivery Restaurant Platform - Investors led by Drew Brees
LAFAYETTE, La., March 13, 2017 /PRNewswire/ -- Waitr announced today it has landed $10 million in funding for its popular on-demand food delivery restaurant platform. This infusion of cash will accelerate Waitr's growth, as the company will more than double in size by the end of 2017 – bringing the number of cities served to more than 40 nationwide.
The group of Gulf South-based investors was led by New Orleans Saints quarterback Drew Brees, who was first introduced to Waitr's impact at one of his Crescent City restaurants.
"Waitr's commitment to growth from its Louisiana roots has added hundreds of quality tech jobs to the Gulf South economy. When we launch a new city, it brings jobs and a positive impact to our restaurant partners and the community. I have seen firsthand how Waitr's software platform can give a restaurant new revenue streams they might not have otherwise. We have seen the growth in our own restaurants after signing on with Waitr," said Brees.
While still relatively new, Waitr has received acclaim for distinguishing itself from similar companies. It is already being lauded for its operational expertise and the superior technology, solid customer support and lower costs it offers restaurant partners and consumers. Bu it is Waitr's powerful food photography, go-to market strategy and efficient driver network that are the cornerstones for its growth.
"It is extremely gratifying that we have investors as excited about Waitr as we are," said Chris Meaux, Waitr's CEO and founder. "It's almost unheard of to obtain this much funding outside of Silicon Valley and we're especially thrilled to have Drew Brees leading the round. We'll be using these funds to take our already proven business model to new locations across the country."
Founded in Louisiana, Waitr is a natural fit for Brees due to its proximity and his entrepreneurial mindset. He is heavily involved in start-ups and established businesses, including a number of successful restaurants. He's an investor in the sports-themed Walk-Ons Bistreaux & Bar, as well as many Dunkin' Donuts locations throughout Louisiana. Brees clearly sees Waitr's future upside and is eager to help accelerate the company's growth beyond being an investor.
The Waitr app is already being used in 18 cities across the United States, including New Orleans and Houston – with dozens more locations set to be announced in the coming weeks.
Launched in 2015, Waitr is an on-demand food delivery service and online restaurant technology platform designed to connect local restaurants to hungry consumers. Founded in Lake Charles, Louisiana, Waitr's mission is to develop the local food culture for communities across the United States by expanding the reach of local restaurant menus. Available on the web, on iPhone and Android devices, Waitr is the most convenient way to discover, order and eat great food from the best local restaurants. Today, Waitr has over 1,600 restaurant partners and hundreds of thousands of users in 18 cities across four states.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/waitr-secures-10-million-in-new-funding-to-expand-its-on-demand-food-delivery-restaurant-platform--investors-led-by-drew-brees-300422148.html
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