Tag Archives: Olo

Olo Announces $40 Million Investment from The Raine Group

Investment to accelerate restaurants’ ability to meet the needs of the on-demand consumer in 2016 and beyond

NEW YORK, NY Jan 21, 2016 — Olo, the industry leader in digital ordering and delivery solutions for multi-location restaurants, today announced a $40 million minority investment from The Raine Group, a global merchant bank focused exclusively on technology, media, and telecommunications. The funds will be used to continue Olo’s rapid growth and to further enhance and develop its offerings. Raine joins existing investors Core Capital, Hospitality Investment Partners ( a fund led by restaurateur Danny Meyer), PayPal, RRE, and Staley Capital. Continue reading

OLO Secures Additional $5 Million in Series B Funding from PayPal

New York, NY (January 24, 2013) – OLO, the fastest-growing digital commerce engine for restaurants, today announced a $5 million dollar Series B financing from PayPal and existing investors. The New York-based company is hiring as it aggressively scales operations for a breakout year in 2013.

OLO allows customers to order and pay from restaurant websites and mobile apps, so that they can Skip the Line® at the restaurant of their choosing. OLO transmits the prepaid order directly to the restaurant point-of-sale (POS) system. The company has recently seen a surge in mobile ordering from existing clients on its platform, with hundreds of restaurants receiving over 50% of digital orders through mobile. Continue reading