Feastfox, a mobile app which caters to what it terms the “spontaneous eating out” market, has raised $175,000 from a group of angels, among whom are several Silicon Valley investors making their first Africa-related investment.
Among the round’s backers are early-stage venture funds Co-Creation Capital and Dorm Room Fund as well as prominent angel investors such as Larry Kubal, the founder and managing partner of Labrador Ventures, a seed stage-focused Silicon Valley venture fund with more than $200 million under management.
“We are excited about this successful fundraising as this will further facilitate our growth in Cape Town,” said Feastfox co-founder Stuart Murless. “These funds will be used for business development and marketing, adding more high-quality merchants while attracting thousands of foodies to the platform.”
Feastfox helps consumers who are looking for somewhere to eat within 30 minutes find a suitable restaurant with available tables and access any related dining deals before reserving their table. The app was developed initially at Stanford University in Palo Alto and now has additional presence in Cape Town and Budapest. The city, restaurants and consumers of Cape Town are seen as a critical component of the app’s proof of concept and, with its similarities to other world cities, an ideal first market in which mobile companies with global aspirations can validate their ideas.