MadEats raises pre-seed funding

MadEats, a cloud kitchen startup headquartered in Manila, the Philippines, has received an undisclosed sum in pre-seed investment, led by Tinder co-founder Justin Mateen, with participation from Paymongo co-founder Luis Sia.

“Our pre-seed money will go into operations and marketing. We want to launch a handful of internet food brands by the end of 2020,” said MadEats’s Co-founder Mikee Villareal.

MadEats is an online restaurant group that creates brands specifically engineered for delivery.

The company was set up amid the COVID-19 crisis by an all-female founding team of Villareal (CEO), Andie Cruz (CMO), and Keisha Lao (CPO) — who have been working in the F&B industry throughout their career.