Ordermark will use cash influx to expand online ordering capabilities
Ordermark, a provider of online ordering management solutions for restaurants, announced the close of its $9.5 million Series A funding round, according to a press release. 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," CEO Alex Canter, said in the release. "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."
"Ordermark solves a pain point that Alex knows first-hand from his time as a restaurant operator," Founding Partner of Nosara Capital Ian Loizeaux, said in the release. "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."
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.