# Cartwheel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cartwheel

- Industry: Software
- Headquarters: Los Angeles, US
- Website: www.trycartwheel.com
- Total disclosed funding: $4M
- Latest round: Seed (Apr 30, 2022)
- Investors on record: 5

## About

Cartwheel provides on-demand delivery management software that optimizes delivery operations for restaurants, retailers, and courier services, enhancing efficiency and integrating with various food delivery platforms.Founded in 2012 and headquartered in Los Angeles, US, Cartwheel specializes in delivery management solutions. The company has not reported any significant pivots in its operational strategy. The founders, Alex Vasilkin, Dan Zamylin, and Magdim Metshin, have not publicly disclosed previous entrepreneurial ventures. In April 2022, Cartwheel secured USD 3.000 mn in Seed funding, led by Moonshots Capital, with participation from Act One Ventures, Chingona Ventures, and TenOneTen Ventures, raising the total amount raised to USD 3.000 mn.Cartwheel primarily offers on-demand delivery management software designed to enhance the efficiency of delivery operations for restaurants, courier companies, and retailers. Central to their suite of products is a technology platform that integrates with various food delivery services, enabling seamless operations across multiple locations. The software features AI-powered auto-dispatch to optimize delivery routing and provides access to the DoorDash Drive On-Demand network, enhancing delivery speed and reliability. The solution caters to a diverse client base, including notable brands like Portillos, P.F. Chang’s, and Lou Malnatis, utilized across North America where demand for efficient last-mile delivery solutions is increasing.Cartwheel generates revenue through a subscription-based model that allows businesses to access its delivery management software and associated features. Clients, including restaurants and couriers, engage with the platform for their delivery needs. While specific pricing details are not publicly disclosed, the subscription structure varies based on the range of services utilized and the scale of operations, allowing clients to select plans that align with their delivery volume and operational requirements. The flagship product encompasses enterprise-grade features and seamless integration capabilities, positioning Cartwheel within the delivery management industry.In April 2022, Cartwheel raised USD 3.000 mn in Seed funding led by Moonshots Capital, alongside participation from Chingona Ventures, TenOneTen Ventures, and others. The company plans to use this funding to further product development, which includes upcoming enhancements to their delivery management platform. Cartwheel is also looking to expand its reach into new geographic markets, focusing on regions within the United States that are seeing a surge in demand for efficient delivery solutions.

## Funding rounds

- Seed, Apr 30, 2022, $3M — TenOneTen Ventures, Moonshots Capital, Act One Ventures, Chingona Ventures
- Seed, May 13, 2021, $1M — TenOneTen Ventures, Portillo's Inc., Act One Ventures

## Investors

- TenOneTen Ventures (https://capitalatlas.ai/funds/tenoneten-ventures) — Seed
- Portillo's Inc. — Seed
- Act One Ventures (https://capitalatlas.ai/funds/act-one-ventures) — Seed
- Moonshots Capital (https://capitalatlas.ai/funds/moonshots-capital) — Seed
- Chingona Ventures (https://capitalatlas.ai/funds/chingona-ventures) — Seed