Olo Receives $40M Minority Investment from The Raine Group

Funding Rounds

▤ Summary

Olo, a NYC-based provider of digital ordering and delivery solutions for multi-location restaurants, received a $40m minority investment.The Raine Group, a global merchant bank focused exclusively on technology, media, and telecommunications, made the investment.Led by Noah Glass, Founder & CEO, Olo provides a digital commerce platform that powers mobile, web, and telephone ordering for over 150 major restaurant brands, representing over 20,000 stores nationwide.For each new delivery order, the platform collects real-time price quotes, chooses the best available, and extends the option to the consumer.Clients include Baskin-Robbins (DNKN), Chipotle (CMG), Five Guys Burgers & Fries, Jamba Juice (JMBA), Noodles & Company (NDLS), sweetgreen, Wingstop (WING), etc.

$ Funding

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Amount - Total raised
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Date - Announcement date
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Investors Raine Ventures Lead investors
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Company - Funded company

▥ Classifications

industries
Retail
applications
Business Intelligence

◇ AskAI Classifications

Labels
SaaS Restaurant Software Payment Software

▦ Linked Companies

Olo
$100M to $250M