January 23, 2019
Chowbus is getting $4 million of funding in a round led by Greycroft Partners and FJ Labs, according to a press release.
The food discovery platform was founded by CEO Linxin Wen and CTO Suyu Zhang. The funding round included additional investment from Hyde Park Angels, Fika Ventures and individual investors.
The company plans to further invest in developing the platform and expanding to new markets. The app is live in Chicago, Boston, New York City and Philadelphia, as well as Champaign, Illinois, and Lansing, Michigan. The company is planning to launch in up to 20 new markets this year, according to the release.
"When I first came to the U.S., I realized that it's difficult to find authentic Asian cuisine, and it quickly became apparent that many restaurants I liked weren't on the major delivery platforms," said Wen, adding "this investment confirms the value of giving consumers and independent restaurants a better food-ordering solution — one that, unlike any other platform, supports the restaurant’s business and enables food discovery."