NEW YORK--(BUSINESS WIRE)--Checkmate (www.itsacheckmate.com), a platform that integrates multiple online ordering services into POS systems for restaurants across the nation, announced today that it has closed a $3 million Series A investment round. The financing was led by the New York-based investment firm Tiger Global Management.
Founded in 2016, Checkmate integrates orders coming from various online ordering sources such as UberEats, GrubHub, Caviar, Delivery.com, and Ritual directly to the POS systems, including Brink, Toast, and Revel, among others.
Currently, food orders from various online ordering platforms and delivery services are received by restaurants on separate tablets and must be manually entered into the restaurant’s POS system. With Checkmate, all orders from all platforms are automatically confirmed and entered into a single POS system – and they print out automatically on the same kitchen printer as the restaurant’s walk-in orders. Checkmate currently works with a number of national restaurant brands, including 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 Vishal Agarwal, Founder and CEO of Checkmate. “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.”
The company’s integrated technology allows partner restaurants to send orders directly to their kitchen printer, enabling them to prepare food faster, cut labor costs and reconcile their accounting.
“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," said Scott Shleifer, Partner, Tiger Global Management.
About Checkmate
Checkmate integrates multiple online ordering sources such as UberEats, GrubHub, Caviar, DoorDash, Delivery.com, Ritual and many others directly to restaurant POS systems including Brink, Toast, and Revel at a flat monthly pricing.