tech:

taffy

Eat Club Raises $5M

Eat Club has raised a $5 million Series A funding led by August Capital with participation from First Round Capital, Siemer Ventures, Great Oaks Venture Capital, Launch Capital, Tekton Ventures, Mark Vadon (co-Founder of Blue Nile & Zulily), and angel investors.

Howard Hartenbaum of August Capital joins Rob Hayes of First Round Capital on the company’s board. First Round Capital led the Eat Club’s seed financing in 2011.

Eat Club is an Internet-based logistics technology and e-commerce service that presents a changing daily assortment of lunches to its members via its website and mobile services. Eat Club delivers to over 1,500 Bay Area companies.

Investors in Eat Club include First Round Capital, Lightspeed Venture Partners, Launch Capital, Siemer Ventures, Tekton Ventures, Brian Lee (founder of ShoeDazzle and LegalZoom), Niren Hiro (AdMob), Aki Sano (Founder of Cookpad) and Michael Kinsbergen (CEO).

[Image courtesy: Eat Club]

Just in

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.