New York-Based Checkmate Raises $3 Million To Optimize Food Delivery

By Noah Long ● November 13, 2018

New York-based Checkmate is known for developing a platform that integrates multiple online ordering services into POS systems for restaurants around the country. And Checkmate recently announced that it has closed $3 million in Series A funding led by Tiger Global Management.

Some of the online ordering sources that Checkmate is integrated with include UberEats, GrubHub, Caviar, Delivery.com, and Ritual. And Checkmate is compatible with POS systems like Brink, Toast, and Revel.

Many restaurants currently manage food orders from online ordering platforms and delivery services on separate tablets and those orders have to be manually entered into the POS system of the restaurant. Checkmate consolidates orders from all platforms and automatically confirms and enters it into a single POS system. Then they print out automatically on the same kitchen printer as the walk-in orders for the restaurant. Checkmate is used by a number of national restaurant brands like Five Guys.

“Checkmate makes the process of accepting orders from these ever growing online ordering platforms and delivery services very efficient, allowing the restaurants to grow their revenue without increasing the cost of managing them,” said Checkmate founder and CEO Vishal Agarwal in a statement. “We are very honored to have the backing of Tiger Global Management and believe we can grow rapidly as the volume of online orders is only going to grow, and we can help restaurants massively streamline their orders from these sources at a fixed cost.”

Checkmark is not the only startup addressing the pain points of online ordering for restaurants. Ordermark in Los Angeles and Chowly in Chicago have similar models. According to Statista, there over 660,000 restaurants in the US so there is plenty of opportunity for startups like Checkmate to grow.

“As restaurants streamline their operations to take advantage of rapidly increasing online orders, we expect hundreds of thousands of restaurants to benefit from Checkmate’s unique solution,” added Tiger Global partner Scott Shleifer.