dcsimg
RealTime IT News

Accel Partners Invests $10 Million in cybermeals

Seattle-based cybermeals and Silicon Valley venture capital firm Accel Partners formed a partnership that will bring $10 million in funding to the online restaurant meal company.

The companies also said that Jim Breyer and Bud Colligan, managing partner and venture partner respectively at Accel, would join the cybermeals board of directors.

"We're extremely pleased with the alliance we have made with Accel Partners," said Bill Jesse, chairman and chief executive officer of cybermeals. "Their deep base of knowledge, relevant experience and industry contacts make them the ideal strategic partner as we enter our next phase of development as a company."

cybermeals, originally cyberslice (and always lower case), was founded in 1996. The official consumer launch of the service in April 1998 coincided with the commencement of partnership deals designating cybermeals as the exclusive online ordering service for America Online, Excite, Lycos and Yahoo!

cybermeals gives Internet users the ability to locate restaurants in their own neighborhoods and order from full menus and specials as far as three months in advance. The service is available nationwide with more than 25,000 restaurants under contract.



×
We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.