Ordermark Secures $3.1 Million Series Seed Financing Round, Led by TenOneTen Ventures
SANTA MONICA, Calif. (PRWEB) March 06, 2018
Ordermark announced today that it has secured $3.1 million US in capital for its Seed Financing round, to continue rapid growth as an online ordering management platform for restaurants. Los Angeles based TenOneTen Ventures with participation by Act One Ventures, Mucker Capital, and others.
Recently celebrating its first birthday, Ordermark pioneered the category of online ordering management. Today, Ordermark helps restaurant brands nationwide to simplify online ordering by sending orders from multiple online ordering services to a single printer.
Ordermark’s growth has been driven by increased adoption of online ordering by consumers and restaurants. Customers include Canter’s Deli, Yogurtland, Waba Grill, Johnny Rockets, and Sonic.
Over the last year, Ordermark has grown its staff to 30 located in Santa Monica, Denver, and New York. Building on this momentum, Ordermark will use the additional financing to continue expanding its nationwide reach, accelerate product growth, and invest in additional support resources.
“Ordermark’s mission is to help restaurant owners and operators to embrace online ordering and effortlessly use multiple online ordering services without disrupting operations,” says Alex Canter, CEO of Ordermark. “This capital enables us to expand quickly and strategically into new markets, innovate faster, and deliver on our vision nationwide.”
“We have long believed in the power of data to transform business operations,” says David Waxman, Managing Partner of TenOneTen Ventures. “It’s clear that online ordering represents the biggest opportunity for restaurants since the emergence of quick-serve restaurants. In important ways, Ordermark is powering this transformation in restaurant operations, and we are thrilled to now be their partner as they continue to scale.”
“Alex Canter lives and breathes the restaurant business. He devised a solution to a problem he personally experienced, and recognized that the problem stretches far beyond his own deli,” says Michael Silton, Managing Director of Act One Ventures. “Alex and Michael (Jacobs) have assembled the right team to help the entire industry take advantage of online ordering. At Act One we look for founders who use their real-life insight as the basis of their big, bold vision – that’s why we are so thrilled to support Ordermark.”
“We’re very excited to join the Ordermark team in helping restaurants take full advantage of online ordering across all platforms,” says William Hsu, Managing Director of Mucker Capital. “Ordermark has proven that they have the right technology, vision, and restaurant experience to help restaurants everywhere. We’re committed to helping the team become the dominant player in this market.”
Ordermark is currently participating in the Techstars Boulder accelerator.
Ordermark helps restaurants succeed at online ordering so they can focus on making great food. Ordermark facilitates the ability to take orders from a variety of online ordering services with ease, by streamlining all orders to a single printer in the kitchen.
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