BlueCart Raises $10m in Series B Funding

As we anticipated earlier in May 2017, BlueCart, a Mountain View, CA-based provider of a cloud ordering and customer management platform for restaurants and their suppliers, raised $10M in Series B funding.

Backers included:
– Michael Wu, of Hong Kong’s Maxim’s Group (the company responsible for bringing Starbucks to China),
– Hua Kuok of hospitality giant Kerry Group Limited,
– BlueRun Ventures,
– Columbia Partners,
– David Barber of Blue Hill and Blue Hill at Stone Barns, and
– Patrick Cheung of Zhong Wei Capital and Focus Media.

As part of his strategic investment in the company, Barber will join BlueCart’s Board of Directors.

The company intends to use the funds to expand to at least 18 new markets with the recent opening of its fourth U.S. office (after New York, San Francisco, and Washington, D.C.) in Chicago.

Led by CEO Konstantin Zvereff, BlueCart provides a web and mobile platform to streamline and modernize the wholesale procurement process for buyers and sellers. The company, which serves over 26,000+ businesses and counting, with a strong international presence in Egypt, the UK, France, and Australia, has also launched vertical-specific “BlueCart Editions” for wholesale suppliers of seafood, produce, baked goods, dairy, meat, coffee, and dry goods, among others. These customized platforms are tailored to the particular needs of individual restaurant supply sectors.

Users include suppliers like Unilever Food Solutions and Master Purveyors, restaurants and restaurant groups likes José Andrés, Jean-Georges Vongerichten, and Michael White.

Some days ago, BlueCart acquired Sous, a mobile-first restaurant administration platform, for an undisclosed amount (read the press release here).



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