Cartwheel, the fastest-growing on-demand delivery management software for restaurants and beyond, has recently announced securing around $3 million in a seed funding round headed by Moonshots Capital.
Chingona Ventures and the prevailing investors, including Pitbull Capital, TenOneTen Ventures, and Act One, also participated in the round.
According to the firm, the funding will enhance the product development, company expansion, and product integration.
Cartwheel offers state-of-the-art delivery management software built for on-demand optimization. The firm's technology aids outsourced, in-house, and hybrid delivery models, allowing operators to maintain control over the customer experience while balancing resources and costs to make every delivery gainful.
General Partner of Moonshots Capital, Craig Cummings, said that Moonshots Capital capitalizes on the extraordinary leadership. The Cartwheel team has the experience, leadership, and strategic vision for revolutionizing on-demand delivery.
In addition, to support the consumers’ growing demand, speedy delivery has become a vital need for brands and businesses and the technology of Cartwheel powers a tailored solution that enhances any delivery program.
In the last year, Cartwheel had almost tripled its overall customer base and extended to serve brands in the profoundly regulated cannabis and alcohol industries.
Apparently, the company offers its tools to more than 8,000 organizations nationwide, and it is now one of the major self-delivery providers for Olo, a firm that drives digital ordering and delivery programs that connect restaurant brands to the on-demand world.
Moreover, Cartwheel has also fostered more than a dozen integrations and partnerships with platforms including Nash and ChowNow, bringing Hybrid Delivery accessibility to small and mid-market restaurant chains, businesses, and courier services nationwide.
The Hybrid Delivery model of Cartwheel empowers businesses to manage in-house programs along with their third-party partners, authorizing them to select some orders for self-delivery on their own and redirecting the remaining ones to the third-party partners.