– USA, CA – ChowNow, the branded online ordering systems for independent restaurants across the US and Canada, today announced the closing of its Series C funding round, raising $21 million. Participants included growth-equity firms 3L Capital and Catalyst Investors. ChowNow has raised a total of $60 million, including previous rounds from Steadfast Capital, Upfront Ventures, and Bonfire Ventures.
With this latest round, 3L Capital co-founder and managing director Shawn Colo joins the ChowNow Board of Directors.
“Local restaurants are often the heart of neighborhoods and there should be a way for them to stay competitive and profitable,” said Chris Webb, co-founder and CEO of ChowNow. “We’re interested in giving these small businesses the tools they need at a fair price so they can focus on doing what they do best.”
ChowNow’s 11,000 restaurant partners have generated $1 billion in transactions via ChowNow, with virtually every dollar going to the restaurants’ bottom lines. In an age of “convenience tech” and third-party food delivery platforms, the company is foregoing the industry’s predatory practices.
“A billion dollars in orders directly benefiting local restaurants is huge — especially to independently-owned operations like ours,” said Nate Pollak, owner of The American Grilled Cheese Kitchen, with locations in San Francisco, CA and Fort Myers, FL. “That’s our lifeblood, and ChowNow is a true partner in helping restaurants like ours thrive.”
ChowNow powers branded online ordering systems for 11,000+ independent restaurants across the US and Canada — via restaurants’ own websites, on Facebook and Google, through ChowNow-created apps, and via ChowNow’s website — while also providing their restaurant partners key customer insights and marketing support. ChowNow does this for a reasonable monthly fee, without the predatory commissions charged by third-party ordering apps.
Using ChowNow allows diners to connect with the best independent restaurants in their communities to order takeout in a way that’s sustainable and fair to restaurants.
For more information: https://get.chownow.com
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