Cartwheel is a Los Angeles, CA-based developer of an on-demand delivery management software designed to serve courier companies, restaurants, RDS, and medical deliveries. The company’s software offers logistics data analytics, warehouse management, and asset tracking services, enabling businesses to plan and manage their dispatch schedule, delivery routes, and capacity cost-effectively.
Cartwheel was funded $3 million led by Moonshots Capital, with participation from Chingona Ventures and existing investors, including TenOneTen Ventures, Act One, Pitbull Capital, and other strategic angel investors.
The company plans to utilize the latest funds for further product development, partner integrations, and company expansion.
Cartwheel has tripled its comprehensive customer base and developed to serve brands alcohol industry in the past year. As a result, the company’s tools are now available to more than 8,000 establishments nationwide. In addition, Cartwheel is now one of the leading self-delivery providers for Olo, a top on-demand marketing platform powering the digital transformation of more than 500 restaurant brands.
Craig Cummings, General Partner of Moonshots Capital, said, That Moonshots Capital invests in extraordinary leadership. The group at Cartwheel has the leadership, knowledge, and strategic vision to change on-demand delivery. Cartwheel’s technology leverages a customizable solution that improves any delivery program to meet consumer demands.
Cartwheel’s Hybrid Delivery standard allows businesses to keep an in-house program alongside their third-party partners, helping them to self-select some orders for self-delivery and redirect the rest to third-party services. In addition, during extreme periods when an in-house fleet is occupied, Cartwheel automatically taps into outsourced driver fleets and permits businesses to set automatic rules for order routing.
The company matches driver supply with individual business needs, providing operators with additional capacity when needed. In addition, its interface offers branded tracking links, making outsourced delivery feel like an in-house order to the client.
By: K. Tagura
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