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Online catering marketplace ezCater gets another $150M at a $1.25B valuation – TechCrunch

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In 2007, Stefania Mallett and Briscoe Rodgers conceived of ezCater, an online marketplace for business catering, and began building the company in Mallet’s Boston home, mostly at her kitchen table.

Recently, sitting at that same table, Mallett negotiated with Brad Twohig of Lightspeed Venture Partners the final terms of a $150 million Series D-1 at a $1.25 billion valuation. Lightspeed, alongside GIC, co-led the round, with participation from Light Street Capital, Wellington Management, ICONIQ Capital and Quadrille Capital.

“Raising money or getting to unicorn status, it’s all nice validation but that’s not the purpose, the purpose of being in business is to grow a very successful company with happy customers and happy employees,” Mallett, ezCater’s chief executive officer, told TechCrunch. “We are going to have cupcakes with unicorns on them. That will take us about a half hour, then we will get back to work.”

EzCater co-founder and CEO Stefania Mallett

Mallett compares ezCater to Expedia . The travel company doesn’t own and operate hotels, nor do they create them. EzCater, similarly, works with 60,500 restaurants and caterers around the U.S. to fulfill orders, but at no point do they work directly with food nor make any deliveries themselves.

Since its inception, the ezCater marketplace has grown considerably, expanding 100 percent annually for the last eight years, Mallett tells us. Though, like most unicorns, ezCater isn’t profitable yet.

Both Mallett and Rodgers are software industry veterans, establishing engineering careers prior to tackling business catering. The pair bootstrapped the company until 2011, when they secured a small Series A investment of $2.7 million. That same year, U.S. foodtech startups raised $176 million, per PitchBook. EzCater would go on to raise more than $300 million in equity funding, including its latest round, and VC interest in foodtech would explode. Already this year, U.S. foodtech startups have brought in $626 million after pulling in a whopping $5 billion in 2018.

EzCater has benefited from this boom. The company raised a $100 million Series D just 10 months ago.

“We really didn’t need the money, we have quite a lot of money in the bank from the last round,” Mallett said. “There was so much talk of a funding winter and a recession coming so we said maybe we should try to raise money and then people jumped on it so we thought OK, why not? If there is a funding winter, we’re set; if not, well, we are still set.”

The investment comes hot off the heels of ezCater’s acquisition of Monkey Group, a cloud platform for take-out, delivery and catering. Mallett declined to disclose terms of the deal but said the partnership makes ezCater the indisputable market leader in catering management software. The company will use its recently expanded war chest to accelerate its international expansion and, potentially, continue its M&A streak. As for the future, an initial public offering is amongst the possibilities.

“We certainly are considering it,” Mallett said. “As we’ve grown, we’ve become more sophisticated and mature; that puts us in a good position to continue operating as a successful standalone company or be acquired by a public company or go public if we see an opportunity to do that. We are not wedded to any of these outcomes.”

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Amazon sets a date for its big 2021 Echo and Ring devices event

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Amazon has set the date for its next big devices and services event, and if previous years are anything to go by we can expect new Echo and Ring hardware along with potentially a few surprises. The event will kick off at 9am PT (12pm ET) on Tuesday, September 28, and as with last year’s it’ll be online-only.

Last year Amazon didn’t hold back on new smart home hardware. Along with the new Echo Show 10, which could rotate under its own power to face the person interacting with it, Amazon also had a new, spherical Echo smart speaker.

The smaller Echo Dot – and its Echo Dot with Clock sibling – offered a lower price point, and the new Echo Dot Kids Edition dressed that up in more playful designs. As for Ring, we saw the Ring Car Alarm debut, plus the promise of end-to-end video encryption. Amazon also announced a collaboration with Tesla, with the Ring Car Connect for the automaker’s EVs.

Elsewhere, the Eero Pro 6 and Eero 6 added WiFi 6 to the familiar mesh networking, while the Fire TV Stick and Fire TV Stick Lite kicked off pricing at under $30. Amazon also introduced Luna, its cloud gaming service, complete with a dedicated wireless controller.

Just as much a showcase for hardware, though, Amazon’s events have become demonstrations for its software changes. Alexa typically plays a key part in that – last year we saw group calling support, Netflix on Echo Show, and interactive teaching tools – but it’s also an opportunity to see what developer tools and improvements have been introduced.

Finally, it’s a chance for Amazon to surprise. Last year, that meant the Ring Always Home Cam – a flying camera drone that promised automated patrols of your house – though the gadget is still yet to actually launch commercially.

For 2021, it’s likely we’ll see refreshes of Amazon’s core Echo range. After all, with the holidays approaching, that’s a key opportunity for Amazon to put more smart speakers in users’ homes – and double-down on their commitment to Alexa as a platform, rather than the Google Assistant or Apple’s Siri. The new Amazon-branded Fire TV range could also be expanded.

We’ll probably also hear more about the controversial Amazon Sidewalk, the shared neighborhood network that Amazon opted to enable by default earlier in the year.

On the “weird tech” side, that could well be the rumored wall-mounted Echo touchscreen. Billed as being an in-wall smart home hub, it would help position Alexa as a key way of interacting with the connected home and IoT, if the rumors are to be believed.

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After iPhone 13: The new tech coming in 2022, 2023, and 2024

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Over the next few years, the iPhone will see some significant changes. This year’s iPhone 13 didn’t exactly make major waves when it came to upgrades VS last year’s model lineup. According to high-level Apple product predictions released this week, the changes will come in the years 2022, 2023, and 2024 in the form of punch hole front-facing cameras, under-display Touch ID, and foldable smartphones from Apple.

Notes from Apple analyst Ming-Chi Kuo relayed by 9to5Mac suggested that the iPhone line released in the year 2022 would include two higher-end devices with a punch-hole display. Kuo also suggested that these devices would include a new 48MP wide camera, and would be joined by a new and “more affordable” 6.7-inch iPhone.

Kuo also noted the addition of an under-display fingerprint reader for the year 2023. This technology began to appear in Android devices over the last few years, but hasn’t yet matured to the point at which Apple has been comfortable releasing it on a release-level iPhone. The iPhone under-display Touch ID system is predicted to be a part of the iPhone 15 (or whatever it’ll be called) released in the year 2023 – or later.

The most massive change to the iPhone line comes in the prediction of a foldable device. Ming-Chi Kuo suggested that the “foldable iPhone” won’t be released until the year 2024. It is not yet known whether this foldable iPhone will be released at the same time as the traditional iPhone, what it’s price will be, or if it’ll actually truly ever be released at all!

ALSO NOTE: There’ll likely be a new iPhone SE coming in the year 2022 with expanded mobile data radio coverage. This means 5G support for said iPhone SE, likely appearing in the first half of the year 2022.

If you’re currently preparing to purchase an iPhone and want to wait for the newest possible device – you’re in luck, since the iPhone 13 will be available in stores on September 24, 2021. The release date is the same for iPhone 13, iPhone 13 Mini, iPhone 13 Pro, and iPhone 13 Pro Max, all coming on September 24th, 2021. Take a peek at comparisons between the iPhone 13 models and iPhone 12 and see what you make of them. Then stick around as we prepare to release our review of the iPhone 13 and beyond!

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IKEA Sjomake makes DIY hidden wireless charging a $40 upgrade

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IKEA is making it easy to hide wireless charging in your nightstand, desk, or coffee table, with the new Sjömäke wireless pad keeping its Qi out of sight. Unlike IKEA’s earlier charging pads, which slot into circular cut-outs in the tabletop, this new high-power pad is intended to hide underneath yet still allow for wireless charging through the surface.

In fact, IKEA claims, it should work just fine through tables and other worktops that are 3/8″ to 7/8″ thick, just as long as they’re not metal. The Swedish retailer includes double-sided tape for mounting it underneath, though there’s also support for screws or other fixings if you prefer.

Plug in the six foot long power cable, meanwhile, and then you have a discreetly hidden Qi charging pad. IKEA includes some stickers that you can optionally use on the top of the table or nightstand, so that you know whereabouts to position your phone or other device for best charging results. Or, you can leave them off altogether, and have the whole thing seem a little more magical.

The pad is a fairly uninspiring design, given it’s intended to be hidden from sight. It’s 1-inches thick, 7-inches long, and 3-inches wide. An indicator LED on the side shows whether or not it’s actively charging a device, though of course there’s a fair chance that you won’t be able to see that in day to day use.

Indeed, IKEA says that you really shouldn’t use the pad with a phone or other device without anything in-between. According to the user manual, there should be at least around 8mm between the two, presumably because IKEA has tuned the charging coils to take into account some sort of gap.

As for the charging rate, expect around 5W. Less, certainly, than you’d get from some of the other Qi pads on the market right now, but certainly sufficient if you’re leaving your phone to one side as you sleep or work.

Currently, the Sjömäke is listed at $39.99 on IKEA’s site, though it’s not yet available to order. The retailer confirmed to The Verge that it will be going on sale in October, both in the US and in other international stores, both at its physical locations and online.

This isn’t, of course, IKEA’s first flirtation with wireless charging. Back in 2018, the company ran a high-profile welcome campaign for the iPhone 8, highlighting how Apple’s addition of Qi support meant that the smartphone would now work with the Swedish company’s chargers that were build into tables, lamps, and more.

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