German food ordering platform EatFirst acquired its British counterpart Feedr from parent group Compass Group U.K. & Ireland.
EatFirst purchased Feedr in order to gain synergies for its catering meal ordering platform app. The acquisition will give EatFirst access to Feedr Cloud Canteen in London.
- Financial details of the transaction were not disclosed; however, Compass is set to receive an equity stake in EatFirst European division.
- EatFirst plans to expand Feedr's availability across Europe and Australia.
- The firm raised an undisclosed Series A round in November 2018 from investors such as Target Global, Global Founders Capital, HV Capital, and Avala Capital.
- Crunchbase data shows that Feedr raised £2M ($2.4M) in seed funding to date from Episode 1, Founders Factory, and several angel investors.
