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 $ 4.7 m led by MATH Venture Partners , according to the US Securities and Exchange Commission . She assists restaurants in the management of delivery orders from multiple services , including Delivery.com , Grubhub and others . Meanwhile , mobile payment processor Square launched a restaurant POS system in 2015 , integrating the Caviar platform . In the future , Square is integrating third - party applications from the likes of UberEats , Postmates and DoorDash .