LOS ANGELES, June 4th, 2024 – Cartwheel, the leading enterprise delivery management platform, is pleased to announce the addition of new investment partners, board members, and industry advisors. This expansion solidifies Cartwheel’s position as the leading enterprise delivery management platform, and highlights the company’s momentum in revolutionizing restaurant delivery operations.
Multiple long-term investment partners, including Chingona Ventures, Act One Ventures, and TenOneTen Ventures, have deepened their engagement with Cartwheel, and Samara Hernandez, Partner at Chingona, has taken a seat as board observer.
“As consumer preferences for at-home dining and delivery evolve, we at Chingona are excited about how Cartwheel’s technology is advancing the industry,” said Hernandez. “Since our initial investment in 2022, Cartwheel has made significant strides, particularly with enterprise restaurants, and I am thrilled to take this board seat to further amplify the company’s growth.”
San Francisco-based Eudemian Ventures has joined Cartwheel’s most recent funding round, further solidifying the company’s financial foundation.
Eudemian Ventures Founding Partner Raoul Felix Maier remarked, “Cartwheel’s traction in hitting key milestones and its lean approach towards profitability were crucial factors in our decision to invest. We believe Cartwheel is on track to achieve sustained growth and profitability, setting the stage for future investment opportunities.”
Cartwheel also welcomes Mike Borozdin, Shalin Sheth and John Hancock to its advisory board, alll leaders who offer extensive technical and operational knowledge to the company.
Borozdin joins Cartwheel’s advisory board as a technical advisor. With a proven track record of transformative leadership in engineering at Google, DocuSign, Microsoft, and more, Mike brings invaluable expertise to help strengthen Cartwheel’s technical capabilities and drive innovation.
Sheth is a seasoned expert in the restaurant and food tech industries, and has previously held key roles as Senior VP & GM of Olo Direct Ordering and Head of Delivery at Yelp Eat24. His extensive experience will be invaluable as Cartwheel continues to expand its market reach.
Hancock’s wealth of operational expertise will be instrumental in guiding Cartwheel’s strategic initiatives. He has held roles at Sweetgreen, where he oversaw off-premises operations, pioneering new marketplace delivery, outpost, and catering models, as well as Instacart, where he managed daily operations and drove substantial revenue growth.
“Cartwheel’s hybrid delivery technology creates immense value for brands,” said Hancock. “By offering products for in-house and third-party delivery for enterprise brands, as well as features like real-time tracking and automated, efficient dispatch and routing, Cartwheel helps restaurants enhance their Net Promoter Scores and operational efficiency”
Cartwheel’s Hybrid Delivery technology allows enterprise restaurants to optimize their in-house and third-party delivery operations for maximum efficiency and customer satisfaction. Cartwheel also connects seamlessly with multiple national third-party fleets and dozens of catering-focused local DSPs, providing customers with increased flexibility and choice for order fulfillment.
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About
Cartwheel is an enterprise delivery management platform for restaurants and beyond.
Established in 2012 as a Los Angeles-based delivery restaurant, the company rapidly shifted into a leading delivery outsourcing business. When the founders discovered the delivery management software they needed didn’t exist, they decided to build it themselves.
Cartwheel’s delivery management platform powers dozens of NRN’s Top 500 enterprise brands, including Portillo’s (also the first minority stakeholder investor), P.F. Chang’s, Potbelly and Lou Malnati’s.
With native integrations to leading partner platforms including Olo and ezCater, Cartwheel manages Hybrid Delivery, 3rd-party partnerships with national and 50+ local DSPs, and catering delivery, helping brands increase repeat orders. For more information, visit www.trycartwheel.com
