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 Rating Differentiation

Industries

Consumer Software

Enterprise Software

Company Size

501-1,000

Company Stage

IPO

Total Funding

$176.4M

Headquarters

New York City, New York

Founded

2005

Overview

Olo provides a Software-as-a-Service (SaaS) platform designed for on-demand restaurant commerce, focusing on digital ordering and delivery. The platform allows multi-location restaurant brands to efficiently manage their digital channels by integrating various ordering and delivery systems into one cohesive interface. This integration helps restaurants streamline their operations, manage customer interactions, and enhance their digital presence. Olo's business model includes a subscription service, where restaurants pay a recurring fee to access the platform, along with transaction fees for each order processed. This approach not only supports the growth of its clients but also ensures a steady revenue stream for Olo. The company's goal is to facilitate the digital transformation of the restaurant industry, improving customer satisfaction and operational efficiency for its clients.

Simplify Jobs

Simplify's Take

What believers are saying

  • Olo's partnership with GRUBBRR enhances onsite dining with self-ordering kiosks and digital boards.
  • The 'Round Up Donations' feature boosts customer engagement and brand loyalty.
  • Relocating to One World Trade Center may enhance Olo's brand image and opportunities.

What critics are saying

  • Emerging competitors like Curbit offer AI-powered systems, potentially surpassing Olo's efficiency.
  • Competitors integrating with Olo's platform could increase internal competition.
  • Reliance on third-party tech like GRUBBRR may risk operational efficiency if partnerships falter.

What makes Olo unique

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

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$176.4M

Meets

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

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%
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

PR Newswire
Jan 21st, 2025
Birdeye Launches Custom Ai Marketing Platform For Restaurants

Cutting-edge marketing platform delivers actionable insights to improve online visibility, reputation, and guest experiences while outperforming competitorsPALO ALTO, Calif., Jan. 21, 2025 /PRNewswire/ -- Birdeye, the leading marketing platform for multi-location brands announces the launch of its solution for restaurants and franchise groups, equipping them with industry-specific AI capabilities to get found online, build a stellar reputation, streamline social media, and get insights to improve guest experiences and drive sales

PYMNTS
Jan 6th, 2025
Live Pillar Leads Gains As Ce 100 Index Bucks Broader Markets

The CE 100 Index ended the last few days of 2024 and the first few days of the new year with a slight gain, adding 0.3%, while broader markets fell across the board.The Live Pillar pulled ahead by 2.3%, buoyed by iRobot, a volatile name that was up more than 24% through the week, though without any company-specific news, by Porch Group, which gained 7.5% and by Zillow, up 2.1%. The Eat segment was 2.2% higher; restaurant tech Olo advanced by 6.3% and DoorDash was 3.3% higher. Olo shares moved on the news, as reported by Yahoo Finance, that RBC Capital analyst Matthew Hedberg increased the sell-side firm’s price target on Olo to $9 from $8, while maintaining an “outperform” rating on the name. But the Work segment countered those gains, sliding 2.2%. Xerox gave up 9.6%, giving back some of the gains that had been seen after the company struck a deal to buy Lexmark for $1.5 billion

MarketBeat
Nov 22nd, 2024
Landscape Capital Management L.L.C. Invests $1.60 Million in Olo Inc. (NYSE:OLO)

Landscape Capital Management L.L.C. invests $1.60 million in Olo Inc. (NYSE:OLO).

Recently Posted Jobs

Sign up to get curated job recommendations

Olo is Hiring for 0 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Olo's jobs every 8 hours, so check again soon! Browse all jobs →