- Your Fare, an online third-party delivery management solution for restaurants, announced it has raised $2.4 million in equity funding
Your Fare — an online third-party delivery management solution for restaurants — announced it has raised $2.4 million in equity funding from several marquee angel networks, including Band of Angels, Houston Angel Network, Capital Factory, Sierra Angels and Texas HALO Fund. And the funding will be used for supporting Your Fare’s growth and investment in its software.
“Our platform started as a simple accounting software to manage third-party delivery at our own restaurants and now we are consolidating tablets while integrating orders directly to the restaurant’s point-of-sale system,” said Christopher Monk, CEO and co-founder of Your Fare. “Your Fare streamlines the third-party delivery orders to a single platform.”
Your Fare is building its software to help restaurants increase profit margins and efficiency when it comes to managing third-party delivery orders. And Your Fare’s Restaurant Portal tracks all the order details, accounting data, and customer information while the tablet application and POS Integration allow the restaurant staff to receive orders directly to the kitchen staff.
With this round of funding, Your Fare will be expanding the team to concentrate on technology solutions that its customers are looking for. As the third-party delivery landscape is quickly evolving, Your Fare is positioning itself to shape this new evolution. And with additional emphasis on marketing, Your Fare is seeking to help the small to medium-sized restaurant groups with 10 to 50 locations, which are significantly underserved in this space.
“With hundreds of online ordering solutions available to restaurants, it only makes sense to combine these solutions into one comprehensive platform,” added Monk. “While third-party delivery services have become a necessity for restaurants and consumers, their current processes are creating operational headaches for operators.”