On September 25, 2017, Ritual announced its Series B financing round of approximately US$43.5 million.
The round was led by Insight Venture Partners, and was joined by existing investors Greylock Partners, Mantella Venture Partners, Golden Venture Partners and Mistral Venture Partners.
Ritual develops a mobile application that enables individuals to order and pick up coffee and meals, and pay from their smartphones.
Osler, Hoskin & Harcourt LLP represented Ritual with a team consisting of Chad Bayne, Justin Dharamdial, and Arielle Kaplan (Corporate).