Foodio, a Charlottesville, VA-based technology company providing custom online ordering solutions for restaurants, raised $585k in seed funding.
Backers were not disclosed.
The company intends to use the funds to enter new markets and hire new people.
Led by CEO Rory Stolzenberg, Foodio provides a tech platform for independent restaurants and small chains to manage both take-out and delivery processes. By using their own brand and website, restaurants can break their dependence from aggregators like Grubhub-Seamless and compete against national chains by delivering a streamlined customer experience without sending loyal customers to a third party marketplace.
The company now serves over 300 restaurants in New York, New Jersey and the MidAtlantic.