M&A Deal Summary

GrubHub Acquires LevelUp

On July 25, 2018, GrubHub acquired internet software and services company LevelUp for 390M USD

Acquisition Highlights
  • This is GrubHub’s 8th transaction in the Internet Software and Services sector.
  • This is GrubHub’s largest (disclosed) transaction.
  • This is GrubHub’s 10th transaction in the United States.
  • This is GrubHub’s 3rd transaction in Massachusetts.

M&A Deal Summary
Date 2018-07-25
Target LevelUp
Sector Internet Software and Services
Buyer(s) GrubHub
Deal Type Add-on Acquisition
Deal Value 390M USD
Advisor(s) Foley Hoag (Legal)

Target

LevelUp

Boston, Massachusetts, United States
LevelUp is building a next-generation mobile payment network, connecting consumers and merchants with a seamless experience that blends payments, analytics, and rewards. LevelUp was formed in 2008 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

GrubHub

Chicago, Illinois, United States
Category Company
Founded 1999
Sector Internet Software and Services
Revenue 1.3B USD (2019)
DESCRIPTION

GrubHub is an online and mobile food-ordering service that shows diners local restaurants available for delivery or pick up. GrubHub features online ordering restaurants and lists restaurant menus. Grubhub was founded in 1999 and is based in Chicago, Illinois.

DEAL STATS #
Overall 10 of 11
Sector (Internet Software and Services) 8 of 9
Type (Add-on Acquisition) 8 of 9
State (Massachusetts) 3 of 3
Country (United States) 10 of 11
Year (2018) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 Eat24

San Bruno, California, United States

Eat24 was founded in 2008 to expand online food ordering while providing an improved customer experience. Eat24 provides approximately 20,000 restaurants in over 1,500 cities nationwide with the ability to offer online delivery and takeout services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 Tapingo

San Francisco, California, United States

Tapingo is a platform for campus food ordering. With over 150 college campus partners, Tapingo enables tens of thousands of order-ahead transactions per day for more than half a million active diners at on-campus cafes, restaurants, and cashier-less stores.

Buy -
Mergr

Product

Company

Legal