Nine days into the new year, Olo announced that it had secured a fresh $18 million round from Tiger Global Management, and the new funding announcements haven’t slowed down since.
While hundreds of millions of dollars weren’t dropped on any one restaurant-focused company this month, there were some big wins for the little guys, from Chowbus’ $4 million round to set up shop in new U.S. markets to Inhouse’s $2 million round to fund international expansion.
This will be a big year for tech vendors in the restaurant space, as investors continue to place their bets on which players will outlast the others in the race to be the best version of whatever problem that each company is trying to solve for the industry.