What is Chowly?
Founded in 2015 and headquartered in Chicago, Illinois, Chowly specializes in providing innovative tech solutions designed to bridge the gap between restaurant Point of Sale (POS) platforms and third-party online ordering solutions (TOOS). The company's core mission is to streamline the digital ordering process for restaurants, enhancing operational efficiency and customer reach. By integrating disparate online ordering channels directly into a restaurant's existing POS system, Chowly aims to reduce manual data entry, minimize errors, and provide a unified view of sales data. This capability is crucial for restaurants navigating the increasingly complex landscape of online food delivery and takeout services, positioning Chowly as a key enabler of digital transformation in the hospitality industry.
How much funding has Chowly raised?
Chowly has raised a total of $1.7M across 2 funding rounds:
Angel/Seed
$700K
Debt
$1M
Angel/Seed (2016): $700K with participation from MATH Venture Partners, Chicago Ventures, and M25 Group
Debt (2020): $1M led by PPP
Key Investors in Chowly
MATH Venture Partners
MATH Venture Partners is a venture capital firm that partners with founding teams to drive growth, offering expertise in financials, marketing, sales, and team scaling, with a history of building and selling businesses valued over $7 billion.
Chicago Ventures
Chicago Ventures is a private equity firm specializing in buyouts and growth equity, focusing on identifying strong business opportunities, management talent, and capital, with a track record of successful exits.
M25 Group
M25 Group is an investment firm that provides capital and strategic support to companies, aiming to foster growth and innovation within their portfolio.
What's next for Chowly?
The recent major strategic investment in Chowly signals a strong confidence from its backers in the company's growth trajectory and market position. This infusion of capital, alongside the overall $1.7M raised, is anticipated to accelerate Chowly's product development, expand its market reach, and potentially explore new integration partnerships. The company's focus on solving critical operational challenges for restaurants in the digital age suggests a strategic emphasis on scaling its platform and enhancing its value proposition to a broader range of hospitality businesses. Future developments may include deeper integrations, advanced analytics for restaurant partners, and further optimization of the online ordering ecosystem.
See full Chowly company page
