Cartwheel: Raises $1M In Seed Funding

  • Cartwheel, a Los Angeles, CA-based on-demand delivery management platform for restaurants and retailers, raised $1m in seed funding
  • The round was led by TenOneTen Ventures with participation from Act One Ventures and Portillo’s Hot Dogs, with angel investment from additional restaurateurs
  • The company also intends to use the funds for product development, partnership integrations, and team expansion
  • Founded in 2012 and led by Alex Vasilkin, CEO, Cartwheel is an on-demand delivery management platform for restaurants and beyond
  • The company offers solutions for in-house delivery operations, including a driver app, dispatch tools for managers, and customer interaction functionality
  • To date, Cartwheel has powered deliveries for top brands including P.F. Chang’s, Charleys Philly Steaks, Taco del Mar, and more
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Bridge, Owned by Stripe, Strengthens Approval for National Trust Bank

Stripe’s Bridge secures national approval to operate as a trust bank.Highlights: Bridge secures national approval to function as...

ECB Strengthens Framework Ahead of Planned Digital Euro Pilots

European Central Bank prepares for digital euro testing phase.Highlights: ECB announces enhancements to its regulatory framework.Planned pilots for...

Mastercard and Visa Strengthen Agentic Payment Pilots with Bank Collaborations

Financial giants team up with banks to enhance payment systems.Highlights: Mastercard and Visa partner with banks for innovative...

Mastercard Strengthens Cyber Defense with Cloudflare Partnership

New alliance enhances transaction security amidst rising cyber threats.Highlights: Mastercard partners with Cloudflare for enhanced cyber security.Collaboration aims...