About Cartwheel
Cartwheel is a company based in Canada founded in 2012 by Alex Vasilkin and Magdim Metshin. It operates as a SaaS (Software-as-a-Service) and Managed Services. Cartwheel has raised $4 million across 3 funding rounds from investors including Portillo's, Moonshots Capital and Chingona Ventures. Cartwheel offers products and services including Cartwheel Delivery Management Software, Hybrid Delivery System, and Real-time Tracking. Cartwheel operates in a competitive market with competitors including LetsTransport, OnFleet, Bringg, Locus and FarEye, among others.
- Headquarter Canada
- Founders Alex Vasilkin, Magdim Metshin
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 3 rounds
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Latest Funding Round
$1.49 M (USD), Debt – Conventional
Mar 19, 2024
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Investors
Portillo's
& 6 more
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Employee Count
Employee Count
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Products & Services of Cartwheel
Cartwheel offers a comprehensive portfolio of products and services, including Cartwheel Delivery Management Software, Hybrid Delivery System, and Real-time Tracking.
Delivery management software for restaurants and couriers provided.
Hybrid delivery integrates in-house and third-party services efficiently.
Real-time tracking ensures transparency for businesses and customers.
People of Cartwheel
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Funding Insights of Cartwheel
Cartwheel has successfully raised a total of $4M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.49 million completed in March 2024. 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 3
- Last Round Debt – Conventional — $1.5M
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First Round
First Round
(13 May 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Debt – Conventional - Cartwheel | Valuation |
investors |
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| Apr, 2022 | Amount | Seed - Cartwheel | Valuation | Moonshots Capital | |
| May, 2021 | Amount | Seed - Cartwheel | Valuation | TenOneTen |
Investors in Cartwheel
Cartwheel has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Portillo's, Moonshots Capital and Chingona Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Seed-stage tech startups founded by veterans are funded.
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Founded Year | Domain | Location | |
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Chingona Ventures is focused on investing in early-stage startups.
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Founded Year | Domain | Location | |
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Act One Ventures is engaged in early-stage venture capital investments.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cartwheel
Financial Statements - Cartwheel
Cartwheel Comparisons
Competitors of Cartwheel
Cartwheel 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 LetsTransport, OnFleet, Bringg, Locus and FarEye, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering customised logistic solutions to enterprises
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| domain | founded_year | HQ Location |
Cloud-based software is utilized for last-mile delivery management.
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| domain | founded_year | HQ Location |
Cloud and AI-based delivery management solutions are provided.
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| domain | founded_year | HQ Location |
Last-mile delivery software is optimized for automation and logistics analysis.
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| domain | founded_year | HQ Location |
Last-mile delivery operations are managed through SaaS and AI solutions.
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| domain | founded_year | HQ Location |
SaaS-based last-mile delivery management solutions are provided.
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Frequently Asked Questions about Cartwheel
Cartwheel was founded in 2012 and raised its 1st funding round 9 years after it was founded.
Cartwheel is headquartered in Canada.
Cartwheel is a funded company, having raised a total of $4M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on May 13, 2021.
Delivery management software and solutions are offered by Cartwheel to streamline operations for restaurants, courier companies, and retail businesses. Focus is placed on hybrid delivery systems integrating in-house and third-party services, real-time tracking for transparency, and marketing tools for brand enhancement. Sectors served include food service and logistics, with integrations to over 30 platforms like Toast and Uber Direct. Advanced features such as AI-optimized routing and auto-dispatch are utilized to improve efficiency and customer satisfaction.
Cartwheel offers Cartwheel Delivery Management Software, Hybrid Delivery System, and Real-time Tracking.
Cartwheel has 7 investors. Key investors include Portillo's, Moonshots Capital, Chingona Ventures, Act One Ventures, and Pitbull Ventures.