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SoftBank to Back EzCater at $1.6 Billion Value in Funding Round

  • Boston-based food startup tops valuation in pre-pandemic round
  • CEO Mallett calls $100 million round ‘great vindication’

Corporate food startup EzCater Inc. is worth $1.6 billion after raising $100 million in a funding round led by SoftBank Vision Fund 2, according to a statement reviewed by Bloomberg News.

That valuation increase from $1.2 billion in 2019 when it last raised money follows a change in the Boston-based company’s customer base after the coronavirus pandemic altered the habits of office workers.