EatStreet (formerly UConnect) has just completed a $2 million Series A financing round led by Cornerstone Opportunity Partners, with Great Oaks Venture Capital, Independence Equity, and Gener8tor also participating in the round. EatStreet is a free online ordering service that connects customers with restaurants, and the new capital will enable EatStreetâ€™s expansion into new markets.
Since its launch in 2010 and completion of the Gener8tor Accelerator Program, EatStreet has brought its online ordering platform to over 700 restaurants in 18 markets across the country.
“We have a strong platform and we are ready to use this investment to scale to new markets across the country.” – EatStreet CEO and Co-Founder Matt Howard.
EatStreet is projected to sign over 1,000 restaurants this year and establish an additional 30 markets. Howard says the company is expanding to service larger corporate restaurant chains and will soon offer tablets to current partnered restaurants.