Foodee Media Inc., a corporate meal delivery service, has closed a round of bridge financing, raising $1.4 million from 10 investors through the issuance of 10 promissory notes. The notes are convertible pursuant to the provisions of the convertible note purchase agreement and the terms set out in the unsecured convertible promissory note.
Foodee Media closed a tranched $9.78 million Series A financing in June 2017. BDC Capital led the Series A and was joined by BC Tech Fund (managed by Kensington Capital Partners), Yaletown Partners, Structure Capital, Voyager Capital, several US VCs and a group of private angel or family office investors.
At the time of officially announcing its Series A in September 2017, Foodee said it had has partnered with over 500 restaurants, served over 8,000 customers, and delivering millions of meals in Toronto, Vancouver, Austin, Denver, Philadelphia since its launching in 2012.
photo credit: Foodee