Your Fare Raises $2.4M to Help Restaurants Fulfill Online Orders

by Gordon Gottsegen
February 14, 2020
Your Fare
Shutterstock

Ordering food for delivery is one of modern life’s little luxuries. And with the popularity of food delivery services like Grubhub, Uber Eats, Postmates and DoorDash, people have come to expect online ordering from most of their favorite restaurants.

But not every restaurant has the tools to deal with online orders. Some local eateries need tech help. So Your Fare launched to provide that support.

Your Fare is an Austin-based startup that helps restaurants manage online third-party delivery by integrating multiple delivery services — including Grubhub, ezCater, Delivery.com, EatStreet and DoorDash — into one platform.

On Thursday, Your Fare announced it raised $2.4 million in its first equity funding round. The round was oversubscribed, with angel investors participating.

“With hundreds of online ordering solutions available to restaurants, it only makes sense to combine these solutions into one comprehensive platform,” Chris Monk, the company's CEO and co-founder, said in a statement. “While third-party delivery services have become a necessity for restaurants and consumers, their current processes are creating operational headaches for operators.”

Your Fare plans to use the new funding to support its growth and invest in its software. Right now, the company is working on software that will help restaurants increase their profit margins and efficiency when managing third-party deliveries.

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