ezCater Just Ordered $150M Investment at $1B+ Valuation

ezCater authorized enough shares for a $150 million raise at a valuation of $1.294 billion, if all shares authorized are issued. The catering ordering service is previously backed by Insight Venture Partners, ICONIQ Capital, Wellington Management Company, and Launchpad Venture Group to name a few. The most recent round, Series D-1, follows the $100 million raised for Series D valuing the company at $750 million. The terms surrounding the Series D-1 include a pari passu liquidation with Series C, C-1, C-2, and D, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $47.08, an up round from Series D at $31.6195.

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