Minnesota Tech Startup Foodsby Raises One Million Dollars

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screen-shot-2016-12-06-at-9-23-26-pmMinnesota tech startup Foodsby has secured a million dollars of convertible debt investment, according to this fresh SEC disclosure.

Launched in 2012 and led by CEO Ben Cattoor, Foodsby is like a virtual food truck network that uses an online ordering platform to pool and optimize everday food delivery services to corporate organizations.

By 2013, it became apparent that the model was catching on and, like the one that came before it, this disclosure lists Code42 cofounder and board member Brian Bispala as an investor/director to the company. Come Up Capital has also confirmed involvement in this round.

It’s unknown if that earlier 2015 target of $800k was ever achieved, as without, it is estimated Foodsby had raised ~$300k in angel investment prior to this new money.

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