# Toorder

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.toorder.co.kr
- Latest round: Seed (Mar 20, 2023)
- Investors on record: 2

## About

Founded in 2020, and based in Seoul, South Korea, Nangman Inc., dba Toorder offers an online service platform that implements an automatic ordering system for shopping and logistics in the restaurant industry. In March 2023, Toorder raised seed funding from a new investor Korea Tech Incubator for Startup, being selected for Accelerator Investment-Driven Tech Incubator Program. Financial terms of the deal were not disclosed.

Toorder uses artificial intelligence to calculate ingredients used by any food industry throughout the day and automatically orders the ingredients to prevent the restaurant from facing scarcity and thus saving time. The firm offers a patented algorithm that calculates the economic order volume for all ingredients to calculate the required order volume. Additionally, the company uses big data analytics to predict sales trends, forecast sales, and improve inventory management efficiency.

The company will use the March funding to develop a restaurant sales forecasting system using a time series forecasting model and deep learning and to provide sales forecasting services optimized for the restaurant business by analyzing tens of millions of restaurant-related data held by Todder with AI.

## Funding rounds

- Seed, Mar 20, 2023 — Spring Camp, Korea Tech Incubator for Startup
- Seed, Jun 29, 2022 — Spring Camp

## Investors

- Spring Camp (https://capitalatlas.ai/funds/spring-camp) — Seed
- Korea Tech Incubator for Startup — Seed