Olo

Olo

SaaS platform for restaurant digital ordering

About Olo

Simplify's Rating
Why Olo is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Consumer Software

Enterprise Software

Company Size

501-1,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

2005

Overview

Olo offers a Software-as-a-Service (SaaS) platform that enables multi-location restaurant brands to manage their digital ordering and delivery processes. The platform integrates various systems into one, allowing restaurants to handle orders and customer interactions more efficiently. Olo operates on a subscription model, charging a recurring fee and transaction fees for each order processed. The company's goal is to support the digital transformation of the restaurant industry, enhancing operational efficiency and customer satisfaction.

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Simplify's Take

What believers are saying

  • Olo's platform capitalizes on the growing demand for online food ordering and delivery.
  • Partnerships with companies like GRUBBRR enhance Olo's onsite dining experience offerings.
  • Olo's use of guest transaction data boosts personalized marketing and profitable traffic.

What critics are saying

  • Increased competition from AI-driven solutions like Curbit may impact Olo's market share.
  • The launch of Birdeye's AI marketing platform could attract Olo's clients.
  • Investor pressure from Landscape Capital Management may affect Olo's strategic decisions.

What makes Olo unique

  • Olo integrates seamlessly with existing restaurant systems for efficient order management.
  • The platform supports over 60,000 restaurants, showcasing its scalability and reliability.
  • Olo's dual revenue model ensures steady income through subscriptions and transaction fees.

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Funding

Total Funding

$734.6M

Above

Industry Average

Funded Over

9 Rounds

Notable Investors:
Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Sick Leave

401(k) Company Match

Home Office Stipend

Company Equity

Parental Leave

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↓ -2%
PYMNTS
May 5th, 2025
Ce 100 Index Shrugs Off Concerns Over Consumer Spending, Surges 3.2%

Earnings season rolls on. For the CE 100 Index — which saw uniform gains across all pillars — quarterly reports and management commentary on earnings calls drove stock performance this past week. The overall tone of the calls touched on uncertainty, and on shifts in consumer behavior, though the payments networks pointed to continued resilience. [] The post CE 100 Index Shrugs Off Concerns Over Consumer Spending, Surges 3.2%   appeared first on PYMNTS.com.

Stock Titan
Mar 4th, 2025
Olo to Present at the UBS Global Consumer and Retail Conference

Olo Inc (NYSE:OLO), a leading restaurant technology provider, has announced its upcoming participation at the UBS Global Consumer and Retail Conference in New York.

PYMNTS
Feb 26th, 2025
Olo: Restaurants’ Guest Transaction Data Key To Increasing Profitable Traffic

Guest transaction data is proving to be a valuable resource as restaurants grapple with rising costs and decreasing traffic, executives at restaurant technology provider Olo said Tuesday (Feb. 25). The company’s solutions have demonstrated this by helping restaurants generate guest transaction data and then use it to gain actionable insights, create personalized marketing and increase profitable traffic, Olo Founder and CEO Noah Glass said Tuesday during the company’s quarterly earnings call. At a time when restaurants are desperate to increase traffic, it is tempting to revert to discounting and deals, but it is more profitable to gather guest data with the guest’s permission and use it to personalize the guest experience, Glass said

PR Newswire
Feb 18th, 2025
54Th Street Restaurants Partners With Curbit To Optimize Digital Ordering And Kitchen Efficiency Across All Locations

CALABASAS, Calif., Feb. 18, 2025 /PRNewswire/ -- 54th Street Restaurants has officially partnered with Curbit to implement its dynamic kitchen capacity management system, a move set to enhance operational efficiency, reduce wait times, food dwell time, and improve guest satisfaction across its locations.Following a successful pilot at several 54th Street locations, Curbit's innovative platform demonstrated a 73% reduction in food dwell time, synchronizing guest expectation with real-time speed of service, ensuring fresher food and faster pickups. The pilot also resulted in a 10% increase in capacity of digital orders and a 3% improvement in guest sentiment, proving the impact of real-time kitchen management on throughput and the customer experience."With the rise of digital ordering, it's critical that we optimize our kitchen workflows to maintain food quality and guest satisfaction," said Al Stenner, Vice President and CIO at 54th Street Restaurants. "Curbit's ability to dynamically adjust pickup times and provide guests real-time SMS updates by tapping into QSR Automations kitchen data, has streamlined our operations and allowed us to serve our guests more efficiently. Now, when guests pickup their food, we're very confident it will be handed off on-time at peak freshness."Curbit's real-time order orchestration and intelligent capacity management will now be rolled out across all thirty-two of 54th Street's locations.Key features include:Dynamic lead-times that adjust to changes in kitchen capacityReal-time SMS updates keeping guests informed about order progress.Speed of service insights to optimize kitchen performance and maximize throughput."54th Street Restaurants is setting a new standard in digital order management by supercharging their existing Olo ordering system and QSR Automation's Connect Smart Kitchen with Curbit. Now, they have the ability to enhance both order efficiency and the guest experience with maximized kitchen throughput and fresher food handoffs," said Scott Siegel, Co-Founder and CRO at Curbit

PR Newswire
Jan 21st, 2025
Curbit Partners With Equator Coffees To Enhance Digital Ordering Experience Through Olo Integration

CALABASAS, Calif., Jan. 21, 2025 /PRNewswire/ -- Curbit, the first AI-powered kitchen capacity management solution for the restaurant industry, is pleased to announce a partnership with Equator Coffees, a renowned specialty coffee roaster and retailer. This collaboration aims to optimize Equator Coffees' digital ordering system by integrating Curbit's dynamic order throttling capabilities with Olo (NYSE: OLO), a leading restaurant technology provider, enhancing operational efficiency and customer satisfaction.Equator Coffees, established in 1995, has built a reputation for its commitment to quality, sustainability, and social responsibility. With eleven retail locations and a robust online presence, the company sought to address challenges related to static quote times in its digital ordering process. These challenges often led to inefficiencies in kitchen operations and customer dissatisfaction due to inaccurate order readiness estimates.To resolve these issues, Curbit recommended the adoption of Olo's online ordering solution. Through their integration with Olo, Curbit is able to dynamically update a brand quote times based on real-time kitchen capacity

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