Olo, the digital ordering business, has raised $40 million in funding from The Raine Group. The capital will be used to expand its recently launched Dispatch delivery service. With over 150 restaurant groups as clients, New York-based Olo works with large chains, including Chipotle, Five Guys and Jamba Juice, to power their online ordering and pick-up business. Olo provides the white label… Read More
OLO, An Online And Mobile Ordering Platform For Restaurants, Grabs $5 Million In New Funding From PayPal & Others
OLO, the New York-based online and mobile ordering platform for restaurants, has raised a $5 million Series B round of funding from PayPal and existing investors, David Frankel, RRE Ventures, and Core Capital Partners. The company had previously raised $8.75 million in outside funding. Exactly a year ago today, as it turns out, the company announced reaching the milestone of 1 million… Read More
OLO, a web and mobile online ordering service for restaurants, is celebrating a lot of things: bigger office space in New York’s South St. Seaport district, hitting the 1 million customer milestone, adding new restaurant partners, and plans to launch its long-awaited GrubHub integration, nearly a year in the making. Read More
OLO is showing a mysterious device on its website that appears to be an iPhone-powered subnotebook. There are no details to speak of, but there are two options: 1. All the guts are in the iPhone. This is the approach of the Redfly, which lets the mobile device do the thinking and it just extends your toolset. This limits costs but also functionality.
2. The iPhone merely augments a full… Read More