Prior to Spectrum’s investment, Seamless was the leading provider of online food ordering services in the New York City area and a division within Aramark. Spectrum led the carve-out of the company from Aramark to create a distinct, standalone company.
Spectrum leveraged its deep understanding of online marketplace businesses to build an organization that could expand the company’s geographic footprint, accelerate customer acquisition, and extend from desktop to mobile. Spectrum was instrumental in identifying several acquisitions and leading the merger with Grubhub in which Seamless shareholders received a majority stake in the combined company. The company subsequently completed a public offering on the NYSE.
Today, the company processes over 745,000 orders each day and $9 billion orders annually, while it continues to grow its network of diners and restaurants.