About Ottimate
Ottimate is a company based in San Francisco (United States) founded in 2014. Ottimate has raised $164.12 million across 3 funding rounds from investors including The Restaurant Group, FTV Capital and Eileses Capital. Ottimate offers products and services including Invoice Automation, Payment Automation, and Spend Management. Ottimate operates in a competitive market with competitors including Toast, Bill.com, Razorpay, Zaggle and AvidXchange, among others.
- Headquarter San Francisco, United States
- SectorsConsumerTechnology
- Website ottimate.com
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$164.12M (USD)
in 3 rounds
- Latest Funding Round$160M (USD), Series B
Nov 2021
- InvestorsThe Restaurant Group
& 5 more
Products & Services of Ottimate
Ottimate offers a comprehensive portfolio of products and services, including Invoice Automation, Payment Automation, and Spend Management.
Automates invoice coding and routing for efficiency.
Handles one-click payments and spend visibility.
Controls employee expenses and financial processes.
Apps and channels of Ottimate
Ottimate publishes 2 mobile apps with over 5K+ downloads.
Funding Insights of Ottimate
Ottimate has successfully raised a total of $164.12M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $160 million completed in November 2021. 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 $164.12M
- Total Rounds 3
- Last Round Series B — $160M
- First Round $120,000
(Aug 2015)
- Investors Count 6
All 3 funding rounds of Ottimate 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 |
|---|---|---|---|---|---|
| Nov 2021 | $160M | Series B | – | FTV Capital | – |
| Mar 2017 | $4M | Seed | – | Eileses Capital, Initialized Capital | – |
| Aug 2015 | $120,000 | Seed | – | Y Combinator | – |
6 investors in total: 6 institutional.
Investors in Ottimate
Ottimate has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include The Restaurant Group, FTV Capital and Eileses Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | – | ftvcapital.com | San Francisco, United States | |
- | – | eileses.com | - | |
Seed and early-stage technology investments are managed by the firm. | – | initialized.com | San Francisco, United States | |
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Private family-owned company investing in real estate properties and managing global holdings. | 1999 | tamares.com | London, United Kingdom | |
Hundreds of restaurants and pubs are operated across the UK. | 1954 | trgplc.com | London, United Kingdom |
Investor details for Ottimate
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 Ottimate
79 people are tracked at Ottimate (17 in leadership, 62 in team).
| Name | Role | Group |
|---|---|---|
Barrett Boston | CEO | Leadership |
Brandi Bennett | Director Of Professional Services | Leadership |
Dan Kim | Chief Financial Officer | Leadership |
Erin Whitney | Director Of EDI And Data Operations | Leadership |
Patrick Wachter | Head Of Finance & Outsourced Services | Leadership |
Melissa Johnson | VP Of Operations | Leadership |
Krishna Janakiraman | CTO | Leadership |
Rohit Gakhar | Vp, Product & Engineering Operations | Leadership |
Hugo Carlos Chávez Barroso | General Manager, Mexico & Head Of Billing | Leadership |
Paul Hunt | Chief Revenue Officer (cro) | Leadership |
Andrea Weinfurt | Director Of Brand And Content | Leadership |
Michael Waldron | Chief Marketing Officer | Leadership |
Hannah Khouri | Director Of Product Marketing | Leadership |
Arturo Inzunza | Director Of Engineering | Leadership |
Sathya Viswanathan | Senior Director Of Product Management And Design | Leadership |
Kevin Leduc | Director Of Engineering | Leadership |
Nick Sterner | Director Of Sales - Healthcare | Leadership |
Sanjanaa Rs | Senior Product Manager | Team |
Stephanie Strange | Professional Services Consultant | Team |
Melissa Joukema | Senior Product Support Manager | Team |
59 more people are available in the full profile.
Complete people profiles for Ottimate
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 Ottimate
3 dated milestones of Ottimate across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Ottimate is founded.
- Funding First funding round of $120K.
- Funding Latest funding round, Series B, of $160.0M.
Competitors of Ottimate
Ottimate 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 Toast, Bill.com, Razorpay, Zaggle and AvidXchange, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pos.toasttab.com | 2011 | Boston, United States | $1.15B | 5,700 | Restaurant operations are managed via a cloud-based platform. | |
| bill.com | 2006 | Palo Alto, United States | $325.6M | 1,384 | Cloud-based accounts payable and receivable software for businesses | |
| razorpay.com | 2014 | Bengaluru, India | $742M | 2,641 | Payment and business banking solutions are provided for enterprises. | |
| zaggle.in | 2011 | Hyderabad, India | $13.75M | 440 | Business spends, payments, and rewards are streamlined by automated workflows. | |
| avidxchange.com | 2000 | Charlotte, United States | $1.18B | 1,714 | Accounts payable and payment automation solutions are offered for businesses. | |
| konfio.mx | 2014 | Miguel Hidalgo, Mexico | $378M | – | Financial solutions platform provider | |
| 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. | |
| urbanpiper.com | 2015 | Bengaluru, India | $32.32M | 165 | Delivery channels management software is provided for restaurants. | |
| tillster.com | 2006 | San Diego, United States | $154.82M | – | SaaS solutions for restaurant online ordering and analytics are offered. |
Detailed competitors of Ottimate
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 Ottimate
The website of Ottimate (ottimate.com) receives about 29.8K visits a month.
- Monthly visits29.8K
▼ 21.4% vs previous month
Websites whose visitors overlap most with Ottimate. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tabs.inc | 100% | 2K | #8,636,512 | View details | |
| vic.ai | 92% | 104.1K | #375,834 | View details | |
thecfoclub.com | thecfoclub.com | 92% | – | #423,659 | – |
| docyt.com | 92% | 18.1K | #1,084,354 | View details | |
| volopay.com | 92% | 120.7K | #338,119 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for Ottimate
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 17 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Ottimate
Complete news archive for Ottimate
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Ottimate
10 companies that operate in the same segment as Ottimate (Food & Beverage Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.79 B | 7,780 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
Food and market delivery services are provided by iFood. | 2011 | Sao Paulo, Brazil | USD 590.8 M | – | – | |
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 1.15 B | USD 6.15 B | 5,700 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – | |
Food delivery services are offered in major Indian cities. | 2012 | Mumbai, Maharashtra, India | USD 97.72 M | USD 39.01 M | 3,150 |
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Frequently Asked Questions about Ottimate
Ottimate was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Ottimate is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Barrett Boston is the current CEO of Ottimate.
Ottimate is a funded company, having raised a total of $164.12M across 3 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Aug 2015.
AI-based account payables automation software. It offers solutions for end to end account payables automation, purchase management, invoice automation, spend management, payment management, and more. It also offers solutions for expense approvals.
Ottimate offers Invoice Automation, Payment Automation, and Spend Management.
Ottimate has 6 investors. Key investors include The Restaurant Group, FTV Capital, Eileses Capital, Initialized Capital, and Y Combinator.
Yes. Ottimate publishes Ottimate and 1 more app, with over 5,000 downloads.