Robert H. Smith School of Business
The Motley Fool

Market Foolery Featured Podcasts

  • MarketFoolery 10.23.2014
    Caterpillar and Tractor Supply rise on the combination of good earnings and low expectations.  On the flip side, Under Armour’s expectations could hardly be higher.  We analyze those stocks and dip into the Fool Mailbag.
  • MarketFoolery 10.22.2014
    Yahoo’s 3rd-quarter profits surprise Wall Street.  Plus we discuss the possibility of a conspiracy in the oil industry, the investing acumen of journalist Bob Woodard, and why Coca-Cola’s bottlers are a great leading indicator for Coca-Cola’s stock.
  • Market Foolery 10.21.2014
    Apple, McDonald’s, Coca-Cola and Chipotle report their latest results.  We analyze their earnings and offer stock ideas to Warren Buffett.
Capital Business
Posted at 07:00 AM ET, 05/13/2013

Foodem raises $600K from investors

Foodem has raised $600,000 from investors as the start-up continues to build a Web site where restaurants, hotels and other bulk food buyers can place their orders for fish, beef, vegetables and other items.

Foodem allows a bulk food buyer to compare prices from different distributors and place orders electronically. It then stores their shopping list and prices to streamline future orders and allow buyers to track costs.

Founder Kash Rehman said the company has recruited a raft of local food and restaurant supply vendors, including Metropolitan Meat, Seafood & Poultry, S. Freedman & Sons, FoodPro and Belair Produce, among others.

Bethesda-based Panacea Capital Advisors led the investment round, along with a slate of angel investors. The money will be used to continue developing the Web site and add to Foodem’s staff of five full-time employees, Rehman said.

The company was part of a business incubator program at Baltimore’s Emerging Technology Centers and secured $75,000 from the Maryland Technology Development Corp. last August.

Follow Steven Overly on Twitter: @StevenOverly

By  |  07:00 AM ET, 05/13/2013

 
Read what others are saying
     

    © 2011 The Washington Post Company