Category: angel investors

Ordermark is based in Los Angeles, CA, one of the leading online ordering management solutions for restaurants and virtual restaurant concepts.

Ordermark was funded $120 million series C round funding. The funding was led by prominent technology investor SoftBank Vision Fund, joined by returning investor Act One Ventures and strategic angel investors. The grant will use to help more restaurants transition to online ordering during the pandemic and beyond.

The company’s software consolidates incoming orders from multiple platforms and sends them to a single printer. Ordermark also operates a company called Nextbite, a portfolio of 15 readymade virtual brands such as CraveBurger, Firebelly Wings, and HotBox by Wiz, a collaboration with rapper Wiz Khalifa. Restaurants can offer these delivery-only brands out of existing kitchens, opening up additional revenue streams.

Jeff Housenbold, the Managing Partner at SoftBank Investment Advisers, said. They believe Ordermark is a leading technology platform and innovative virtual restaurant concepts transform the restaurant industry. And they are excited to support their mission to help independent restaurants optimize online ordering and generate incremental revenue from under-utilized kitchens.

The rise of ghost kitchens and virtual restaurants, often referred to as the 3rd wave of food delivery, have paved the way for a broader addressable market for online food delivery.

The statement of Alex Canter, the chief executive officer behind Ordermark 2020, has been a tough year for restaurants. That’s why they are focus on providing products and services to help keep their doors open. This funding allows them to offer more restaurants with innovative ways to reach more consumers.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Popchew is a startup company based in New York City. This company is an operator of a food plug-and-play platform intended to build, launch, and grow brands nationally in just weeks. The company’s platform has built products at food delivery applications and worked with casual restaurants, enabling creators to launch food brands.

Popchew was funded $3.6 million, led by Long Journey Ventures with Anti Fund, Flybridge, the Uber Alumni Syndicate, WndrCoand, a group of angel investors. The funds’ infusion will help the company launch a new digitally native food brand each month with creators.

This startup company founded in 2021 by Rushir Parikh and Nick Sopchak. In the company’s first six months, established two trademarks, Bitcoin Pizza with investor Anthony “Pomp” Pompliano and Wing SZN, collaborating with YouTuber Zias. They are known for delivery through third-party apps and the Popchew website.

The concept for the company derived from Parikh’s childhood growing up working at his uncle’s restaurant and Sopchak’s background in the hospitality industry. They sensed the food was fun and could open the food delivery market to help creators expand their brand, connect with fans and create a new revenue stream.

To support creators in establishing a new revenue stream, Popchew taps into restaurants’ new capability and helps them make a new revenue stream and optimize it. With more than 600,000 restaurants in the U.S., Popchew’s brands can resume expanding their reach without changing restaurants’ existing operations.

Popchew’s brands are already public in dozens of cities across the U.S., including New York, Chicago, Atlanta, Austin, Denver, Las Vegas, and Los Angeles.

Paul, an investor through Anti Fund said, food is a new vertical for creators, and it’s vital to both partners and invest in a team that understands the audience and technology to deliver a great experience. Popchew is a scalable key that will open new opportunities for creators to engage with their fans everywhere.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Fast Break Labs is a startup based in San Francisco, CA. The company is a developer of blockchain-based basketball games and experiences platforms intended to empower people to create the future of sports, gaming, and entertainment. Fast Break Lab offers a gaming platform, competitive compensation, company equity, and benefits, allowing users to own teams of fictional non-fungible tokens (NFT) athletes to compete in simulated games, tournaments, and leagues for crypto prices.

Fast Break Lab was funded $6 million led by Patron with participation from Pantera Capital. Additional participants in the early round include Collab+Currency, Solana Ventures, South Park Commons, and Angel investors Brooklyn Nets. The new funding plans to use for the growth team and both the development and deployment of the VBA.

Established in late 2021 by Charles Du and John Wu, Fast Break Labs is the brainchild of the ex-Meta teammate’s longtime habit with sports and gaming. As the imagination basketball fanatics envisioned the theoretical decisions they’d make as professional team owners, the idea for Fast Break Labs and its first product, the Virtual Basketball Association (VBA), was born. Du and Wu quickly created a talented roster, including several experts who have competed in the former’s dream basketball league for almost a decade.

The new game allows basketball fans to strategize as general managers of their virtual teams and compete for rewards via pretend games. Users create rosters by drafting and trading collectible, fictional athletes with unique attributes and skill levels. The VBA integrates traditional fantasy sports UI with web3 technology to make the game available and intuitive. Aspiring GMs also can bridge the real and digital worlds and craft original storylines for their VBA players.

Du said they are creating a sports game that offers all basketball fans an opportunity to have an actual ownership experience. They are mainly focused on making a new and fun experience. However, it was also important to give power back to gamers by allowing them to shape the game’s direction and accrue the economic benefits.

Paul Veradittakit, partner at Pantera Capital said, they are proud to support Fast Break Labs and its vision to democratize the ownership, control, and economics of sports gaming. Also, they are excited to see this group continue to elevate engagement across the intersection of collectibles, sports, and gaming on the blockchain.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Telgorithm cloud communications technology startup based in Los Angeles, CA. Their messaging platform is intended to simplify business communication and compliance for vertical SaaS companies. The company uses an A2P (application-to-person) compliant application to fulfill clients’ messaging services needs without disruption, enabling the clients to get guaranteed deliverability and higher messaging throughput.

Telgorithm was funded $3.8M led by Bonfire Ventures with Daher Capital, Amplify.LA, other structural angel investors, and I2BF. Fresh seed funding will support the California-based tech startup addressing the exploding need from SaaS verticals to construct messaging services into their software applications.

Today, Telgorithm delivers hosted messaging services that let SaaS providers bring text messaging to their essence for an Application to Person (A2P) messaging via a standard 10-digit-long code (10DLC) and toll-free telephone numbers.

Jim Andelman, the managing director of Bonfire Ventures, said, Telgorithm enables SaaS vendors to deliver more importance to their end customers and drive superior business performance. It’s a huge market opportunity. They love that the founders previously worked together and brought very similar products to market for the exact use-case, so here is simply off the charts. They are very excited to be supporting Telgorithm and these founders as the company grows.

Alter spent nearly five years as the head of ServiceTitan’s telecommunications division and worked as director of telecommunications for SignalWire. In the last few years, mobile operators insisted that commercial messaging move from P2P to A2P because the volume completed it difficult for carriers to protect their end-users from unwanted messages.

Co-Founder and COO Mason Zheng, a veteran business processes consultant and former manager for ServiceTitan, and other top organizations said. Telgorithm’s platform aims to race up a product manager’s go-to-market journey by getting a new level of attainability to SaaS verticals looking to offer telecom features that can easily be integrated into their core applications.

Telgorithm’s objective is to launch a voice product to help SaaS providers accelerate their go-to-market journey across the communication stack. As a result, product managers aren’t spending 12-18 months figuring out the building blocks to get a product to market.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Sekr startup company based in San Diego, CA. This travel app with the most significant national database of free and dispersed campsites demonstrates growth in the booming industry.

Sekr was funded $2.25 million led by Storyteller Overland, Backstage Capital, Techstars, Ad Astra Ventures, Crescent Ridge Ventures, and angel investor Andy Ballester, co-founder of GoFundMe. The new funding will empower people to pursue a connection with the outdoors and its communities. Also, to grow Sēkr’s reservable inventory and its community initiatives, including its alliance called Project Respect Outdoors, aims to unite women and minorities to take scalable action to evolve the outdoor industry into a more inclusive space.

In 2017, Sekr’s co-founders, Breanne Acio (CEO) and Jess Shisler (COO), we’re peeking for a better way to explore our new camping locations. First, the two traveled along with their partners in their camper vans, embracing the so-called van life lifestyle. But they shortly learned it was hard to find safe places to camp and people to connect with while on the road. Plus, they both wanted a more straightforward method to discover campgrounds with the same services they required — whether that was shower facilities, bathrooms, overnight parking for vans, access to water, or free Wi-Fi.

Acio said trip planning is the number one problem for anyone going outdoors. If you would like to book a hotel or travel someplace, you’d have to call hotels individually. There’s no online website or availability. Some of these challenges weren’t just annoyances; they complicated the reality of living and working while on the road.

In the Sēkr app, you can explore campsites across the U.S., filter them by conveniences and services, save favorites, and network with others via social features. Its listings are created by public data warehouses from the government and other databases, enhanced with crowdsourced information. Sēkr’s team of ambassadors will explore areas, verify details, and take photographs to share with the community, as do the app’s members.

Now, the company is working on adding more additional reservable inventory straight to Sēkr by digitizing and aggregating campgrounds and campsites, going from private lands to campgrounds. This work is even in the early stages, though.

Jeffrey Hunter said the CEO at Storyteller Overland and lead investor of Sekr’s funding round. The camping drive is one of the only hospitality verticals yet to embrace technology successfully. As a result, Sekr grabbed the opportunity to digitize campsite inventory at scale, changing the outdoor planning procedure from a frustrating circle of hours of failed Google searches into something consumers can do by themselves. As a result, they believe the Sekr team is uniquely positioned to have the most significant effect and impact on the outdoor travel planning experience for the nearly three-fourths of Americans who experience outdoor travel yearly.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Cure Health is based in New York City. The company is an operator of a health information exchange and telemedicine platform intended to help improve healthcare quality. The platform facilitates frictionless patient care between hospital systems. It surrounds post-acute facilities, accelerates reimbursements, automates charts to the bill, and enables identification, documentation, and tracking of patient diagnosis and outcomes, enabling healthcare systems and skilled nursing facilities to optimize staff allocation and reduce read missions and bill for off-site acute care and monitoring.

Cure Health was funded $12 million led by Morningside Ventures with participation from Alumni Ventures and Recover-Care Healthcare and returning investors Lightspeed Venture Partners. In addition, IDEO, Inflect Health, Correlation Ventures, Rosecliff Venture Partners, Kapor Capital, WTI, and angel investor Ben Jealous. The company plans to employ the new funding is to scale nationwide.

The company delivers an award-winning care enablement platform that allows patients and providers to connect beyond the four walls of a facility. Curve, which now partners with more than 24 facilities, has a presence in Minnesota, New York, California, and Massachusetts.

Curve Health’s platform improves patient outcomes by providing more personalized care for patients and residents. Patients connected from their rooms directly with remote physicians through a tablet, allowing bedside nursing staff to execute treatment plans. Higher visibility on the individual is made available through integrations with electronic health records and diagnostics. Additionally, business intelligence analytics enable care facilities to improve staffing allocation, and innovative billing features provide appropriate reimbursement for small provider groups.

Rob MacNaughton, Curve’s CEO said, they’re seeing tremendous interest and quickly growing demand for remote care options in care facilities across the country. With this investment, they’ll scale even more rapidly, particularly as the post-acute space shifts toward value-based care. They are excited to partner with providers looking to thrive in value-based models and, more importantly, deliver better models of care to seniors nationwide.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

The Vets is a startup business based in Wilmington, Delaware. The company provides pet care services to focus on pet well-being and comfort. The Vets services use technology and offer wellness exams, home lab tests, vaccinations, microchipping, dental care, and surgeries and provide pets and pet owners with medicines, enabling customers and pets both to have a positive experience.

The Vets was funded $40 million, led by Target Global, PICO Venture Partners, Bolt Ventures, and other strategic angel investors. With this new investment, the company will prioritize extending its veterinarian recruitment across the country. The Vets currently serves in Miami, Tampa, Dallas, Austin, Houston, Portland, Seattle, Las Vegas, and Denver and announcing New York City’s launch today.

The startup also strives to manage the growing problem of burnout among veterinarians. To do so, The Vets promotes a four-day workweek and a daily appointment limit for veterinarians to ensure that they aren’t overworked.

Bringing pet healthcare into the house not only allows the veterinarian to create stronger connections with pets and the owners, but the pet is also comfy in a stress-free surrounding. The top causes that pet owners avoid or delay their visiting to the vet clinic are the stress of carting their pet, restrictive pet carriers, and crowded waiting rooms. In addition, the added pressure on a pet can generate incorrect vitals during the health assessment, which sets them at risk for the veterinarians overlooking or misdiagnosing possible illnesses. Pet parents can leverage online booking for approvingly personalized, at-home veterinary visits on their own time, which stops the added stress and anxiety of bringing a pet in for an in-person appointment.

The Vets give an added layer of at-home comfort, and they aren’t lacking in the technical domain – visits feature full diagnostics, including blood workup and capturing vitals. In addition, aggregating data from these comprehensive care visits across the nation allows for more accurate diagnoses and healthcare predictions and analysis of possible trends by breed.

Shmuel Chafets, Chairman at The Vets, said they energized by their willingness to challenge the pet care industry and build a consumer brand. That would bring actual value to veterinarians and owners by addressing the problem head-on.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Klarity is based in San Francisco, CA. The company is a developer of a document processing technology intended to automate the contract review process. Klarity’s technology uses Artificial Intelligence to review sales contracts. Under company legal policy, it then pulls contacts from its emails and databases. Finally, it returns them inspected in a word structure with annotations and red lines along with an overview, helping organizations accelerate sales and higher compliance without thinking of a contract review anymore.

Klarity was funded $18 million, led by Tola Capital with participation from new investors Invus Opportunities and existing individual angel investors Elad Gil, Daniel Gross, Nat Friedman, and Picus Capital. The new capital intended to hire sales, marketing, and engineering. It is also poised to launch new document review automation for deal desk, renewals, and procurement teams in late 2022.

Ondrej Antos and Nischal Nadhamuni launched Klarity. Since establishing its flagship product, Klarity has expanded its enterprise customer that includes some of the world’s most innovative and well-known software companies. As the company has grown, so has customer demand for new features and capabilities. As a result, Klarity will deliver additional capacity to midmarket and enterprise customers with this significant cash infusion.

Document automation is not a new concept. An original wave of companies working on partial document automation still needs a human review, but the entire document automation market is still very nascent.

Klarity replaces humans for tasks that require large-scale document review, including accounting order forms, purchase orders, and agreements. Instead of having many accountants reading thousands of almost identical documents every month to find non-standard language, Klarity does that, helping the accountants save time and avoid mistakes.

Tony Tiscornia, CFO of Coupa said, Klarity came in and quickly helped them cure one of their most challenging headaches with technology that previously existed. As a client, the peace of mind Klarity delivers is extremely valuable. They are proud to accompany this incredible founding team on its continued journey, and they look on with great anticipation to what they have in stock.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Based in New York City, Accrue Savings is also the developer of an online savings application developed to help customers plan for future purchases. The company’s application offers merchant embedded online savings account, enabling users to keep track of their savings and plan for their expenses.

Accrue Savings was funded $25 million Series A led by Tiger Global. Participation also from Aglaé Ventures, existing investors Twelve Below, Red Sea Ventures, Ground Up Ventures, Good Friends, and a group of individual angel investors, including UPS CEO Carol Tomé, Fanatics CEO Michael Rubin.

The company plans to expand retail partnerships and add employees from new funding received across all departments, including engineering, sales, and marketing.

Accrue Savings, established in June 2021 by CEO Michael Hershfield, aspires to get people saving again with its merchant-embedded shopping experience that rewards consumers for saving up for the things they want to buy.

Partner Brands with Accrue Savings are witnessing an immediate impact on their top-of-funnel marketing actions. With Accrue Savings, retailers can contend with customers earlier in the deliberation stage by offering a savings-based purchase procedure on their website and in targeted email or SMS campaigns. In addition, partner retailers lessen friction points between consumers and their purchases by alleviating shopper concerns about debt-based payment plans.

Because saving can take time, Hershfield felt it was too early to disclose growth metrics but said that the company has racked up a customer list that includes Allbirds, Casper, Poly & Bark, Smile in its short existence Direct Club, and Tire Agent. It initially went live with 15 customers, and he teased that the list expected to double in the coming months.

Hershfield said the reaction from retailers and consumers since launch had exceeded their expectations. They’re please to find so many brands that want to offer meaningful payment diversity options for consumers. In addition, an institutional investor like the venerable Tiger Global demonstrates the powerful possibility to embed more diverse financial technology to change the shopping experience for a broader range of customers.

Alex Cook, Partner, Tiger Global comment, that Accrue Savings helps brands reach more customers and gives consumers a responsible purchasing option. It’s a win-win. Accrue Savings team is building a unique platform, and they’re thrill to partner with them on the next stage of the journey.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.

Zuddl is a startup company based in Boston, MA, and Bengaluru, India. This company is also the developer of a cloud-based virtual conference management software designed for an online conferencing service. The company’s software offers conference hosting, conference creation, attendee networking, discussion tables, polls, virtual event lobby, attendee engagement, customer sponsored tables, switches tables, and event management, enabling large organizations to create conferences online that can go live in minutes.

Zuddl was funded $13.35 million, led by Alpha Wave and Qualcomm Ventures, and backed by GrowX Ventures, Waveform Ventures, and a few angel investors. The new investment will accelerate product development, scale globally, focus on the US market, and deepen its tech team.

Bharath Varma and Vedha Sayyaparaju founded Zuddl in May 2020. Zuddl has increased by over 30x since its inception. Today, it has a desirable list of clients, including Fortune 100 and other fast-growing companies such as Kellogg’s, Microsoft, Dicks Sporting Goods, Grant Thornton, and NASSCOM.

This allows companies to create the virtual venue as they see fit, with customizable backgrounds/clickable hot zones to give the interface some show of a physical place. They provide many templates, but companies are free to make it look like a conference center, concert hall, or their actual office upload your images accordingly.

Behind the scenes, they’re also doing quite a lot to simplify the complexities of hosting live locations. Each location’s host invites their guests to go backstage where they’re able to chat privately, do A/V tests, etc., all right through the browser. They can quickly turn guests to the audience-facing stage or pull them back off stage if their internet tanks or their mic begins cutting out. There’s a dedicated chat room just for backstage hosts to communicate with onstage speakers, so you don’t have to try to pack a Slack window onto your screen between everything else. Zuddl can also handle recording sessions, stage timers, and ticketing system integration.

Manu Rikhye, the Partner in GrowX Venture, said they are excited about the strong vision, expertise, and speed of execution of Zuddl’s team. Their in-depth understanding of the needs of event organizers, speakers, sponsors, and attendees, coupled with their product first thinking, has made Zuddl’s offering stand out in a highly crowded space.

As simple as virtual events might look, there’s often a lot of complex machinery behind the curtain. It all works. It has been to a lot of these things. Zuddl seems to do an excellent job of boiling many of the pain points away at a cursory glance.

By: K. Tagura

Author statement:

Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.