About Cantaloupe
Cantaloupe is a company based in Kirkland (United States) founded in 2020 by Jim Castillo was acquired by Cantaloupe in February 2024. It operates as a SaaS (Software-as-a-Service), and Managed Services. Cantaloupe has raised $14.27 million across 2 funding rounds from investors including Cantaloupe, WestRiver Group and Alumni Ventures. Cantaloupe offers products and services including Cheq Platform, Handheld POS, Mobile Ordering, and Suites Ordering. Cantaloupe operates in a competitive market with competitors including TabbedOut, sunday, Revi, SERVD and Payfrit, among others.
- Headquarter Kirkland, United States
- Founders Jim Castillo
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cantaloupe, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.27 M (USD)
in 2 rounds
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Latest Funding Round
$6.27 M (USD), Seed
Sep 27, 2023
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Investors
Cantaloupe
& 3 more
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Employee Count
Employee Count
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Acquired by
Cantaloupe
(Feb 01, 2024)
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Products & Services of Cantaloupe
Cantaloupe offers a comprehensive portfolio of products and services, including Cheq Platform, Handheld POS, Mobile Ordering, and Suites Ordering. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile-first POS platform is provided for stadiums and venues.
Mobile payment devices are offered for staff flexibility.
Seamless mobile ordering is enabled for venue fans.
Streamlined suite ordering process is facilitated for events.
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Funding Insights of Cantaloupe
Cantaloupe has successfully raised a total of $14.27M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $6.27 million completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $6.3M
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First Round
First Round
(29 Mar 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Seed - Cantaloupe | Valuation |
investors |
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| Mar, 2022 | Amount | Seed - Cantaloupe | Valuation | WestRiver Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cantaloupe
Cantaloupe has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Cantaloupe, WestRiver Group and Alumni Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are focused across multiple sectors by the firm.
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Founded Year | Domain | Location | |
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Venture capital investing and portfolio management services for accredited investors.
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Founded Year | Domain | Location | |
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Financial advice is provided to African corporates in high-growth sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cantaloupe
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cantaloupe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cantaloupe Comparisons
Competitors of Cantaloupe
Cantaloupe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TabbedOut, sunday, Revi, SERVD and Payfrit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile payments and marketing for hospitality venues are facilitated.
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| domain | founded_year | HQ Location |
QR-based platform for restaurant digital ordering and payments is offered.
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| domain | founded_year | HQ Location |
Limited information is provided about Revi's operations.
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| domain | founded_year | HQ Location |
Restaurant booking platform provided for mobile ordering and reservations.
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| domain | founded_year | HQ Location |
Food ordering app for deliveries, gig jobs, and business integration.
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| domain | founded_year | HQ Location |
A POS system for prepaid beverage order management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cantaloupe
Frequently Asked Questions about Cantaloupe
When was Cantaloupe founded?
Cantaloupe was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Cantaloupe located?
Cantaloupe is headquartered in Kirkland, United States. It is registered at Kirkland, Washington, United States.
Who is the current CEO of Cantaloupe?
Thomas Lapham is the current CEO of Cantaloupe.
Is Cantaloupe a funded company?
Cantaloupe is a funded company, having raised a total of $14.27M across 2 funding rounds to date. The company's 1st funding round was a Seed of $8M, raised on Mar 29, 2022.
What does Cantaloupe do?
Mobile-first point-of-sale platforms are developed by Cantaloupe for stadiums and entertainment venues. Operations are streamlined across various sectors including sports, hospitality, and retail. Solutions such as handheld POS devices, mobile ordering systems, and suite ordering processes are offered to enhance fan experiences. Revenue centers are seamlessly transitioned with self-service checkout options, reducing wait times. Technology is leveraged to ensure fans and staff enjoy efficient, fast, and reliable services in venues worldwide.
Who are the top competitors of Cantaloupe?
What products or services does Cantaloupe offer?
Cantaloupe offers Cheq Platform, Handheld POS, Mobile Ordering, and Suites Ordering.
Who are Cantaloupe's investors?
Cantaloupe has 4 investors. Key investors include Cantaloupe, WestRiver Group, Alumni Ventures, and Flamingo Capital Partners.