Food ordering app Ritual nets $90 mln in Georgian-led Series C

Toronto-based food ordering app Ritual has secured more than $90 million (US$70 million) in a Series C financing. The round was led by Canadian growth equity firm Georgian Partners and joined by Greylock Partners, Insight Ventures and Mistral Venture Partners, all of which backed the company's Series B last year. Founded in 2014, Ritual connects restaurants with customers through a tool to place, pay for and pick-up lunch orders for themselves and workplace teams. The company said in the past year it has increased workplace teams to over 44,500, seen 2 x growth in restaurant partners, and expanded into four new cities. Ritual is led by Co-founder and CEO Raymond Reddy.

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