Caterwings Ltd.

Caterwings Ltd. is a UK-based catering service provider that connects clients with a diverse range of catering options for various events, streamlining the food selection and ordering process for businesses and individuals. Caterwings Ltd. specializes in catering solutions, facilitating connections between clients and local vendors since its founding in 2015 in London, UK.

The company raised EUR 6 million in Seed funding on June 16, 2016, from investors including HV Capital, Rocket Internet SE, and Tengelmann Ventures Management. Caterwings was established by a group of entrepreneurs with previous experience in launching successful startups. Caterwings specializes in providing a comprehensive catering service that connects businesses and individuals with a diverse array of food options tailored to various events and occasions. Their core offerings include a platform for selecting and ordering catering services from local vendors, facilitating everything from corporate events to private parties.

Caterwings aims to solve the challenges of food selection and logistics by streamlining the ordering process, allowing clients to focus on event planning while ensuring a wide range of high-quality food options are available. The company caters to a broad client base, including corporate clients, event planners, and individual customers, primarily focusing on the UK and selected markets across Europe. Caterwings generated revenue of EUR 489,837 in 2018, with an EBITDA loss of EUR 2,335,888. The company primarily earns revenue through transaction fees associated with orders placed via its platform, employing a B2B model that connects catering service providers with clients in need of catering solutions.

Each order processed on the platform incurs a fee, enhancing the client experience through a variety of food options while driving revenue growth. Following the Seed funding round in June 2016, Caterwings plans to utilize the raised funds to enhance its platform and expand its market presence. The company aims to introduce new products focused on improving the user experience and increasing service offerings, with potential releases targeted for late 2023. Additionally, Caterwings is exploring expansion into other European markets, with plans to establish a presence in Germany and France by 2024.