Ritual Technologies
Latest round
- Series C
Last raised
- Jun 2018
Total raised
- $113M
Investors
- 9
About Ritual Technologies
Ritual Technologies Inc.Founded in 2014 and headquartered in Toronto, Canada, Ritual Technologies Inc. provides an online ordering system for food. The company was established by founders Lacey Cornwell, Larry Stinson, Matthew Lyall, and Ray Reddy, who currently serves as the CEO.Ritual operates primarily as an online ordering system and food ordering app designed to streamline the process of ordering food ahead of time. Its core offerings facilitate a user-friendly platform where consumers can place orders from a variety of participating restaurants, enhancing convenience and efficiency. This service caters to busy individuals and professionals who seek to save time during lunch breaks or on-the-go dining situations. Ritual's technology enables users to discover local eateries, customize their orders, and schedule pickup times, addressing the common pain points associated with dining out or waiting in line.Ritual's revenue model is structured around transaction fees generated from its online ordering platform, where restaurants partner with the company to gain visibility and access to a broader customer base. Through these partnerships, restaurants pay a fee for each order processed via Ritual's system, which facilitates direct transactions between customers and food providers. Additionally, businesses may engage in subscription models to enhance their presence on the platform or to access premium features.In June 2020, Ritual Technologies Inc. The company plans to utilize these funds to enhance its technology and expand its platform features. Upcoming products include enhancements to the app that will improve user experience and add new functionalities, targeting a rollout in 2022. Additionally, Ritual is looking to expand its service into new urban markets across North America, specifically targeting cities like Vancouver and Chicago by the end of 2021.
Who invested in Ritual Technologies
9 investors across 4 rounds
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Questions about Ritual Technologies
Who invested in Ritual Technologies?
Ritual Technologies has 9 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Ritual Technologies raised?
Ritual Technologies has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Ritual Technologies last raise money?
Ritual Technologies's most recent round on record is a Series C, in Jun 2018.
What does Ritual Technologies do?
Ritual Technologies is a internet company.
Where is Ritual Technologies headquartered?
Ritual Technologies is headquartered in Toronto, Canada.
Which VCs invest in companies like Ritual Technologies?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Ritual Technologies's stage. Their profiles are linked below.
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