Announced
Completed
Financials
Sources
Tags
Single Bidder
Acquisition
Minority
United States
Private
online food ordering
Friendly
E-commerce
Venture Capital
Completed
Private Equity
Cross Border
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.