EatStreet Nets $6 Million in Series B

by Brian Lee

As EatStreet continues its fast growth, its need for more capital grows as well, with the company announcing today that it raised $6 million in Series B funding.

According to a release, Cornerstone Opportunity Partners, Independence Equity, Great Oaks Venture Capital, CSA Partners, Silicon Valley Bank and angel investors participated in the round. The money will be used to to expand into additional markets and double workforce.

“Since day one, EatStreet has continuously evolved,” CEO Matt Howard said in a statement. “This investment will empower us to push boundaries and tackle new challenges.”

EatStreet is expected to surpass 15,000 restaurants in more than 150 cities by the end of the year, a release stated.

In February, the company secured $2 million in Series A funding.