Chowly, a piece of software that integrates with point-of-sale system for restaurants, has raised nearly $4.7 million, according to an SEC filing. The company is targeting a total raise of $5.8 million.* The round is led by MATH Venture Partners with participation from Valor Equity, Chicago Ventures, Hyde Park Venture Partners and others. Chowly had previously raised just $700,000 from MATH Venture Partners, Domenick Montanile and others. Chowly aims to help restaurants better manage the influx of delivery orders they receive from a variety of services, such as Grubhub, Delivery.com and Chownow. In May, Square launched a point-of-sale system for restaurants that integrates on-demand delivery platform Caviar. Down the road, Square said it envisions third-party applications from companies like Postmates, UberEats and DoorDash. *Update, Jan 17, 2019: Chowly has since raised the full $5.8 million in funding.
Restaurant point-of-sale (POS) delivery assistant Chowly has raised almost $4.7m led by MATH Venture Partners, according to the US Securities and Exchange Commission. Chowly assists restaurants in the management of delivery orders from multiple services, including Delivery.com, Grubhub and Chownow. Meanwhile, mobile payment processor Square launched a restaurant POS system in May, integrating the Caviar platform. The company is also working with food service companies such as Chipotle Mexican Grill, which recently announced that it will be using its Point-Of-Sale technology for delivery.