# Squadle

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

- Industry: Software
- Headquarters: Cambridge, US
- Website: www.squadle.com
- Total disclosed funding: $3.1M
- Latest round: Series A (Jul 25, 2018)
- Investors on record: 5

## About

Squadle, Inc. offers innovative digital solutions to enhance food safety compliance and streamline operations for multi-unit franchise operations, ensuring adherence to food safety regulations through automated monitoring and efficiency improvements.Founded in 2013 in Cambridge, US, Squadle, Inc. specializes in providing integrated digital solutions for the food service industry. The company is led by founder Brendan Bencharit, who has been involved in entrepreneurial ventures prior to starting Squadle. In its journey, Squadle successfully completed its Series A funding round in September 2020, raising USD 3.00 mn from Companyon Ventures and Walnut Venture Associates. Since inception, Squadle has secured a total of USD 3.00 mn across seven funding deals, with the most recent deal marking a significant milestone in its financing history.Squadle by Crunchtime delivers an integrated suite of digital solutions designed to enhance food safety compliance and streamline daily operational tasks for multi-unit franchise operations. The core offerings include remote temperature monitoring systems that leverage patented ZeroTouch technology, which automates temperature logging and ensures compliance with food safety regulations. Additionally, the company provides digitized food safety checklists that facilitate real-time monitoring and corrective action triggers, thus improving operational efficiency and accountability. The primary customer base consists of multi-unit food service operators, such as restaurant chains and franchises, that require consistent food safety practices across various locations. The products are primarily marketed in North America but have the potential for expansion into other geographical areas with significant food service operations.Squadle generates revenue through subscription-based services tailored for businesses in the food service industry. Clients, including multi-unit restaurant operators, enter into agreements for access to the company’s digital platforms, which include remote temperature monitoring and customizable checklist solutions. Revenue is derived from these ongoing subscriptions, which offer tiered plans based on the number of locations and specific features required. The flagship products, such as the ZeroTouch temperature monitoring system and the digital checklist platform, are central to these transactions. Clients benefit from real-time data reporting and operational insights, enhancing their ability to maintain compliance and operational excellence without traditional manual processes.Squadle plans to leverage its recent funding from September 2020 to enhance its product offerings and expand its market reach. The company is focusing on developing additional features for its existing products as well as planning to launch new solutions aimed at improving compliance and operational efficiency in food service operations. Squadle is also targeting expansion into new geographic regions, particularly areas in North America where there is a growing need for food safety compliance solutions. The funds will be utilized to support product development, enhance marketing efforts, and facilitate entry into these new markets.

## Funding rounds

- Series A, Jul 25, 2018, $3M — Walnut Venture Associates, Companyon Ventures
- Seed, Sep 9, 2016, $0.1M — 500 Global, Cabana Ventures
- Seed, Aug 18, 2014 — Bolt

## Investors

- Bolt (https://capitalatlas.ai/funds/bolt) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Cabana Ventures — Seed
- Walnut Venture Associates (https://capitalatlas.ai/funds/walnut-venture-associates) — Series A
- Companyon Ventures (https://capitalatlas.ai/funds/companyon-ventures) — Series A