Ordermark Closes $9.5M Series A Round
SANTA MONICA, CA, Provider of online ordering management solutions for restaurants, today announced the close of its $9.5M Series A funding round.
Ordermark, one of the fastest growing providers of online ordering management solutions for restaurants, today announced the close of its $9.5M Series A funding round. With financing led by Nosara Capital, the latest round brings in new investors including Vertical Venture Partners, Techstars Ventures, Riverpark Ventures, and Matchstick Ventures -- joined by prior investors including TenOneTen, Mucker Capital, Act One Ventures and AARD Capital.
"This has been a growth year for Ordermark, expanding to reach hundreds of top restaurant brands nationwide, and launching new tools to make it easier and more cost efficient for restaurants of all sizes to increase online ordering," said Alex Canter, Ordermark CEO and Founder. "This new funding will enable us to reach more restaurants faster, to continue focusing on great customer service and reliability, and to stay ahead of the rapid growth of this market."
Focused on early-stage online marketplaces, Nosara Capital works closely with founders before investing and then continues to provide CFO services to its portfolio companies after investing. "Ordermark solves a pain point that Alex knows first-hand from his time as a restaurant operator," said Ian Loizeaux, Founding Partner of Nosara Capital, "The Company helps restaurants to optimize online revenue and allows online ordering platforms to scale quickly into new restaurants. Over the past six months, we've been extremely impressed with Alex and his team's ability to execute and keep up with accelerating demand for the Ordermark product."
Ordermark's platform sends orders from many different online ordering services to a single tablet and printer - enabling restaurants to easily work with multiple online ordering services. And Ordermark's services group handles all onboarding of new online ordering services, ongoing management, and menu and hour changes -- freeing operators to focus on great food and customer service.
Since launching in 2017, Ordermark has added hundreds of independent and chain customers throughout the United States. Customers include TGI Friday's, Qdoba, Veggie Grill, Dickey's Barbecue Pit, Yogurtland, Johnny Rockets, and Sonic.
Ordermark simplifies online ordering to help restaurants increase profits and lower expenses. Through its technology platform and professional services, the company enables restaurants to easily add and manage multiple third-party online ordering services to maximize their online ordering potential. Customers include hundreds of restaurant brands and many of the world's top restaurant chains. Visit us at ordermark.com for more information.
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