83North, Felix Capital lead $20m round for HungryPanda

Felix drew capital from Felix Capital Fund II, which closed on $150m in July 2017 and invests $100,000-10m. 83North is currently investing from its fifth-generation fund, which closed on $300m in October 2019 and makes equity cheques of $4-8m at series-A.

The two firms were the only investors in the round.

The investment will be used to accelerate the team's growth and accelerate global expansion, with a focus on the US market.

Frederic Court of Felix told Unquote: "We take a very long-term view of early-stage investments and we think there's a large amount of long-term opportunities for global expansion for HungryPanda."

The company is already working to secure its next funding round, according to a statement.

Company
Founded in 2017, HungryPanda is an online food delivery platform for Asian restaurants that now operates in 31 cities. It employs more than 300 people and is headquartered in London.

People
83North – Laurel Bowden (partner).
Felix Capital – Frederic Court (managing partner); Antoine Nussenbaum (partner).
HungyPanda – Eric Liu (CEO).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• Venture
• United Kingdom
• Felix Capital