Cartwheel, a Los Angeles, CA-based on-demand delivery management platform for restaurants, retailers, couriers, and beyond, raised $3m in seed funding.
The round was led by Moonshots Capital, with participation from Chingona Ventures and existing investors including TenOneTen Ventures, Act One, and Pitbull Capital.
The company intends to use the funds for further product development, partner integrations, and expansion.
Led by Alex Vasiklin, co-founder and CEO, Cartwheel provides delivery management software, built for on-demand optimization. The company’s technology supports in-house, outsourced, and hybrid delivery models, empowering operators to maintain control over the customer experience while balancing costs and resources to make every delivery profitable.
In the past year, Cartwheel has tripled its overall customer base and expanded to serve brands in the regulated cannabis and alcohol industries. The company’s tools are now available to more than 8,000 establishments nationwide. To date, Cartwheel has powered deliveries for top brands including Portillo’s ($PTLO) (also a Cartwheel investor), P.F. Chang’s, Charleys Philly Steaks, Taco del Mar, and more. The company has also signed more than a dozen partnerships and integrations with platforms including ChowNow and Nash, bringing Hybrid Delivery availability to small and mid-market businesses, courier services, and restaurant chains nationwide.
FinSMEs
30/04/2022