Just-Eat Canada Inc.

Just-Eat Canada Inc.

April 30, 2012 13:08 ET

Just-Eat.ca Expanding Across Canada to Calgary, Edmonton and Winnipeg in 2012

Canada's Largest and Fastest-Growing Online Food Ordering Website Reveals Plans to Expand Into More Canadian Cities This Year

TORONTO, ONTARIO--(Marketwire - April 30, 2012) - Today, London-based Just-Eat, the world's largest online meal take-out and delivery ordering service, announced the closure of a financing round of $64 million led by funds managed by Vitruvian Partners, a European private equity firm, with Index Ventures, Greylock Partners and Redpoint Ventures also participating. This investment marks the Just-Eat Group's third and largest funding round in less than two years.

Commenting on the investment, Klaus Nyengaard, Chief Executive Officer of Just-Eat said: "This new investment will help our continued expansion. Take-out e-commerce has massive growth potential, and Just-Eat is at the forefront of changing the way people order food around the world. Vitruvian Partners has a long history of investing in the brightest mid-market businesses and taking them to the next level and we're very excited it will be joining us as our new partner. This investment is also a sign of trust in all the smart and hardworking people in our company."

"This investment is great news for the Just-Eat Group," says David Power, Managing Director of Just-Eat Canada. "In a separate development, I'd like to take the opportunity to announce that this summer, Just-Eat Canada will begin to expand our online food delivery service across western Canada to the Calgary, Edmonton and Winnipeg markets."

Launched in Canada in August 2009, Just-Eat Canada has quickly become the largest online food delivery website in the country with a dominating presence of +1,300 restaurants in major cities like Toronto, Ottawa, Montreal, Vancouver and their greater areas.

"We're eager to connect with restaurant owners in Calgary, Edmonton and Winnipeg to be able to provide them with our tested, established e-commerce platform as well as give locals a better option for ordering food for take-out and delivery all the way across Canada," says Power.

About the Just-Eat Group

Just-Eat, launched in Denmark in 2001, is based in London and is now active in 13 countries around the globe. Just-Eat delivers over 100,000 meals a day and has received more than 30m orders since the site launched. There are currently over 25,000 take-out and quick service restaurants signed up to Just-Eat's site, which uses proprietary technology to offer an efficient on-line ordering service. Just-Eat is currently generating over $750m in revenue per year for the restaurant industry and was listed in the TechCrunch Europe Top 100 Index 2010. Just-Eat was also recently ranked number 28 in the Sunday Times Tech Track 100. Just-Eat is one of the fastest growing e-commerce companies in Europe.

About Vitruvian Partners ("Vitruvian")

Vitruvian is an independent private equity firm which specializes in middle‐market buyouts, growth buyouts and growth capital investments in Europe. Vitruvian focuses on investing in 'dynamic situations' in industries characterized by growth and change such as information technology, media, telecoms, financial services, business services, healthcare and leisure. Vitruvian is currently investing its inaugural fund of €925 million and its previous investments include Tinopolis, Callcredit, Inspired Gaming, Openbet, Unicom, IMD, College Group, Flexpay and Healthcare at Home.

Just-Eat was advised by Torch Partners Corporate Finance Ltd and Bird and Bird.

Vitruvian Partners was advised by SJ Berwin and KPMG.

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