Chowly closed a third round of Series A venture funding in July 2018, raising $5.8 million in a deal led by Math Venture Partners. Other participants included Valor Equity Partners, M25, Chicago Ventures, Hyde Park Venture Partners, and Bluestein & Associates.
Chowly is looking toward growth and mass market expansion, and the company plans to use the funds to at least double its number of employees this year by hiring additional sales, operations, and development staff.
At a glance…
Chowly, co-founded in Chicago in 2015 by Sterling Douglass, Justin McNally, and Brian Duncan, is an order-processing solution designed to seamlessly integrate restaurant point of sale platforms with third-party online ordering platforms (TOOS), such as Grubhub and UberEats.
Chowly touts time saved, staffing cost reductions, and improved controls because orders are transferred to the restaurant’s POS system, rather than manually transferred.
Chowly’s software is used by over 1,500 restaurants in 200 cities in the United States, Canada, and Mexico. (1)
See the company’s website for more information: https://www.chowlyinc.com/.