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LOS ANGELES, May 13, 2021 /PRNewswire/ Cartwheel, an on-demand delivery management platform for restaurants and retailers, announced today that it has raised a $1 million seed round led by. | May 13, 2021 ....
May 13, 2021 Los Angeles-based Cartwheel, an on-demand delivery management platform for restaurants and retailers, has raised a $1 million seed round led by TenOneTen Ventures with participation from Act One Ventures and Portillo s Hot Dogs, along with angel investment from additional restaurateurs, according to a company press release. Cartwheel allows brands to launch a self-delivery program alongside their third-party partners, and its turnkey offering includes a driver app, dispatch tools for managers and customer interaction functionality. With more than 60 Portillo s locations nationwide and the highest average unit sales volumes in the fast-casual industry, we have a lot of deliveries to manage. It s important that our brand is well-represented, Michael Osanloo, Portillo s CEO, said in the release. Cartwheel enables us to use our team members to deliver our highest-value orders, cross-training our team members so that they can become drivers for our own fleet ....
Share this article LOS ANGELES, May 13, 2021 /PRNewswire/ Cartwheel, an on-demand delivery management platform for restaurants and retailers, announced today that it has raised a $1 million seed round led by TenOneTen Ventures with participation from Act One Ventures and Portillo s Hot Dogs, along with angel investment from additional restaurateurs. The funds will be used for product development, partnership integrations, and team expansion. On-demand delivery is a requirement in today s market, and many businesses struggle to decide between outsourcing, which is convenient but can be expensive, and building their own in-house platforms, which gives brands control over the customer experience but is more operationally involved. Cartwheel offers the best of both options, allowing brands to launch a self-delivery program alongside their third-party partners, saving on costs and strengthening brand loyalty. Cartwheel s turnkey offering includes an easy-to-us ....
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socaltech.com Los Angeles-based TenOnTen Ventures, the venture capital investment fund run by David Waxman, Gil Elbaz, and Minnie Ingersoll, has kicked off efforts to raise a third fund, TenOneTen Ventures III, with a goal of raising $60M in the fund, per recent regulatory filings by the firm. Details on the new fund have not yet been announced, as venture investors generally are not able to discuss their fundraising efforts while they are underway. The filing did not indicate any commitments yet by LPs. TenOneTen s investments have included HealthTensor, Joymode, CREXi, Ordermark, Probably Genetic, AirMap, Burner, and many other companies. The firm is known for its focus on data and software. All three of the Partners were entrepreneurs; Waxman co-founded Firefly (acquired by Microsoft), PeoplePC (acquired by Earthlink), and Spotrunner; Elbaz co-founded Applied Semantics (acquired by Google, as the foundation of Google AdSense) and Factual; Ingersoll was co-founder ....