Menu Next Door

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Menu Next Door - overview

Established

2015

Location

Brussels, -, Belgium

Primary Industry

Logistics & Distribution

About

Menu Next Door provides a platform that connects local chefs with consumers, facilitating home-cooked meal delivery. It aims to offer diverse culinary experiences while supporting local food artisans. Menu Next Door, founded in 2015 in Brussels, Belgium, operates as a food delivery service connecting local chefs with customers. The company has undergone no significant pivots in its business strategy.


It was founded by Nicolas Van Rymenant, who also serves as its CEO. In September 2016, the company completed a SEED funding round, raising EUR 1. 75 mn from investors including Index Ventures, Kima Ventures, LocalGlobe, and The Family, marking the total amount raised at EUR 1. 75 mn.


Menu Next Door's primary offerings consist of a platform that allows local chefs to prepare and deliver home-cooked meals directly to consumers. The service caters to a variety of culinary preferences and dietary needs, promoting local cuisine and fostering community connections. The platform supports chefs by providing them with the necessary tools to manage their business and reach customers, while also addressing consumer demand for unique and personalized dining experiences. The company generates revenue primarily through a commission model on each transaction facilitated through its platform.


Customers place orders for meals, and chefs receive payment based on the agreed pricing structure. The revenue model is classified as business-to-consumer (B2C), allowing individuals to enjoy meals prepared by local chefs while supporting their local economies. The company reported an EBITDA of EUR -25,190. 70 for the most recent year, 2018.


Menu Next Door aims to expand its service offerings by introducing new meal options and enhancing its platform's user experience. The company is exploring opportunities to enter new markets in Europe and North America by 2018. The recent SEED funding will be utilized to support these initiatives, enabling the development of additional features for the platform and enhancing marketing efforts to attract more customers and chefs. Additionally, the company is focused on optimizing operational efficiency to better serve its growing user base.


Current Investors

Insight Partners, Index Ventures, Kima Ventures

Primary Industry

Logistics & Distribution

Sub Industries

Food & Beverage Distribution

Website

www.menunextdoor.com

Verticals

E-commerce

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Menu Next Door - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedMenu Next Door-

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