SimpleOrder provides a cloud-based platform that automates restaurant supply chains and inventory management. The company has released an Automated Inventory System that calculates and manages inventory in real time, automatically deducts stock when dishes are sold, and integrates purchasing, recipe costing and point-of-sale data across desktop and mobile (iOS/Android) apps. The platform connects restaurants and suppliers, supports unlimited users per account, and customers report saving up to 30 work-hours per month and improving profit margins by 5–8%. SimpleOrder serves more than 1,500 locations in 14 countries (principally the U.S., U.K., and German-speaking markets) and has tripled its international clients in the past six months. Founded in 2012, the company has 27 employees and competes with MarketMan and Sourcery. Financially, SimpleOrder raised $2.75 million in a first round and has raised $3.7 million to date; the round was led by Lazarus Israel Opportunities Fund and Foodlab Capital with participation from Cyrus Angel Fund and private angel investors.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2016