About Hotplate
Hotplate is a Consumer company based in Austin (United States) founded in 2019 by Rishi Talati, Andy Prevalsky, and Ben Klenk. Platform offering software solution for meal prep businesses. Hotplate has raised $3 million across 2 funding rounds from investors including Y Combinator. Its website hotplate.com draws about 962 thousand monthly visits. Its focus areas include Food and Agriculture Tech, Food Tech, Technology Enablers and Restaurants. Its competitors include Toast, Olo and Zenput; 3 of its 3 listed competitors have raised funding.
Company details
Hotplate was founded in 2019 in Austin, United States, as a software platform targeted at meal prep businesses within the food service sector. Storefronts are set up through the platform, events are created, and orders are processed alongside automatic generation of prep lists and order tickets. Prep lists are organized by day and time automatically, with options for publishing events enabled for operational efficiency.
- Headquarters Austin, United States
- Founders Rishi Talati, Andy Prevalsky, Ben Klenk
- SectorsConsumer
- Website category Food and Drink · Restaurants and Delivery
- Email••••••••
- Phone•••• ••••
- Website hotplate.com
- Social LinkedIn X
- Total Equity Funding$3M (USD)
in 2 rounds
- Latest Funding Round$2.85M (USD), Seed
Feb 2022
- Investors
Funding Insights of Hotplate
Hotplate has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.85 million completed in February 2022. 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 $3M
- Total Rounds 2
- Last Round Seed — $2.85M
- First Round $150,000
(Jun 2020)
- Investors Count 1
All 2 funding rounds of Hotplate with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2022 | $2.85M | Seed | – | – | – |
| Jun 2020 | $150,000 | Seed | – | Y Combinator | – |
1 investors in total: 1 institutional.
Investors in Hotplate
Hotplate has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States |
Investor details for Hotplate
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Hotplate
7 people are tracked at Hotplate (4 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Rishi Talati | Co-Founder | Leadership |
Andy Prevalsky | Co-Founder | Leadership |
Ben Klenk | Co-Founder | Leadership |
Tenaya McCoy | Head Of Bizops | Leadership |
Evan Zona | AI Business Development Intern | Team |
Michelle Loven | Full Stack Software Engineer | Team |
Nico Martinucci | Software Engineer | Team |
Complete people profiles for Hotplate
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Hotplate
3 dated milestones of Hotplate across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Hotplate is founded.
- Funding First funding round of $150K.
- Funding Latest funding round, Seed, of $2.9M.
Competitors of Hotplate
Hotplate has 3 listed competitors in our database, 3 of them funded. They include Toast, Olo and Zenput.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pos.toasttab.com | 2011 | Boston, United States | $900M | 5,700 | Restaurant operations are managed via a cloud-based platform. | |
| olo.com | 2005 | New York, United States | $73.61M | 39 | Olo is recognized as a restaurant technology platform provider. | |
| zenput.com | 2011 | San Francisco, United States | $43.82M | 71 | Zenput is utilized as an operations execution platform for multi-unit operators. |
Detailed competitors of Hotplate
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Hotplate
The website of Hotplate (hotplate.com) receives about 962K visits a month and ranks #86,443 among all websites worldwide, #2,600 in Restaurants and Delivery.
- Monthly visits962K
▲ 45.6% vs previous month
- Unique visitors266.8K
per month
- Global rank#86,443
among all websites
- Category rank#2,600
Food and Drink · Restaurants and Delivery
- Bounce rate41%
- Pages per visit2.3
- Average visit2 min 24 sec
- DevicesDesktop 22% · Mobile 78%
Websites whose visitors overlap most with Hotplate. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| opentable.com | 100% | 43.9M | #829 | View details | |
exodusbagels.com | exodusbagels.com | 98% | #2,438,647 | – | |
| resy.com | 97% | 18.3M | #2,689 | View details | |
butterandcrumble.com | butterandcrumble.com | 95% | #1,638,794 | – | |
| doordash.com | 94% | 104.7M | #331 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Hotplate
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Hotplate (Food & Beverage Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 900 M | USD 6.15 B | 8,021 |
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Frequently Asked Questions about Hotplate
Hotplate was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Hotplate is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Hotplate is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Jun 2020.
Hotplate was founded in 2019 in Austin, United States, as a software platform targeted at meal prep businesses within the food service sector. Storefronts are set up through the platform, events are created, and orders are processed alongside automatic generation of prep lists and order tickets. Prep lists are organized by day and time automatically, with options for publishing events enabled for operational efficiency.
Hotplate has 1 investor. Key investors include Y Combinator.
The website of Hotplate receives about 962 thousand visits a month and ranks #86,443 among all websites worldwide.