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Announced

Completed

SoftBank Vision Fund 2 led a $120m Series C round in Ordermark.

Financials

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Transaction Value£92m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Acquisition

Minority

United States

Private

online food ordering

Friendly

E-commerce

Venture Capital

Completed

Private Equity

Cross Border

Synopsis

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SoftBank Vision Fund 2 led a $120m Series C round in Ordermark, a provider of online ordering management solutions for restaurants and virtual restaurant concepts, with participation from returning investor Act One Ventures. "2020 has been a tough year for restaurants and that’s why we’re focused on providing products and services to help keep their doors open. With 92% of restaurant traffic now off-premise, this funding gives us the opportunity to provide more restaurants with innovative ways to reach more consumers. The restaurant industry is in the midst of the e-commerce phase, where restaurants must get creative by embracing technology and new sources of revenue generation to reach customers outside of their four walls," Alex Canter, Ordermark CEO.

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