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- Chowbus
Chowbus Revenue, Valuation, Funding & Investors
Chowbus is valued at $4.2B as of August 2023, a 35.0x multiple on its last reported $120M revenue.
Last Chowbus valuation
$4.2B
Undisclosed stage · Aug 2023
Last Chowbus funding round
$81M
Undisclosed stage · Feb 2026
Chowbus revenue
$120M
Undisclosed stage · Aug 2023
Key investors in Chowbus
FJ Labs
Greycroft
Meritech Capital Partners
HPA (Hyde Park Angels)
Fika Ventures
Altos Ventures
About Chowbus
Chowbus is a Chicago-headquartered restaurant technology provider offering a SaaS-based point-of-sale system for U.S. eateries, particularly Asian restaurants. The cloud platform manages orders, payments, inventory, and analytics, with automatic updates included in subscription fees. It serves thousands of locations nationwide through web and mobile interfaces.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$120M (Aug 2023)
Valuation
$4.2B (Aug 2023)
Chowbus Valuation
Chowbus is currently valued at $4.2B, based on its undisclosed-stage round in August 2023.
The $40M round was led by Prysm Capital, with participation from Celtic House Asia Partners and FJ Labs.
Chowbus valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2023 | Undisclosed stage | $4.2B | 35.0x |
Chowbus Revenue
Chowbus' latest recorded revenue is $120M, as of its undisclosed-stage round in August 2023. At a $4.2B valuation, that implies a 35.0x revenue multiple.
Chowbus revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2023 | $120M | $4.2B | 35.0x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Chowbus Funding History
Chowbus has raised a total of $210M across 8 funding rounds.
Chowbus' first fundraising round was a $200K pre-seed round in June 2017. The most recent completed round was a $81M undisclosed-stage round in February 2026.
Chowbus funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2026 | Undisclosed stage | - | $81M | - | Chowbus, a Chicago-based full-stack technology platform founded in 2016, empowers independent, culturally rooted restaurants, particularly Asian eateries, with AI-powered tools including point-of-sale systems, analytics, operational tools, marketing, automated accounting, call handling, order processing, and supply chain optimization. The company, led by CEO Linxin Wen, aims to help restaurant operators manage and grow businesses efficiently while addressing challenges like language barriers and supporting community upliftment. Headquartered in Chicago, Illinois, Chowbus positions itself as an operating system for these restaurants, with plans for international expansion into Canada. In its latest funding round, reported as a Series E, Chowbus raised $81 million in March 2026 (one source specifies February 19, 2026), led by Prysm Capital and Left Lane Capital, with participation from Dutchess, Fika, and Avid Bank. The funds will expand AI-driven tools, deepen service integrations, and fuel growth beyond core POS systems. Chowbus originated as a food delivery service but divested its delivery business in January 2024, shifting focus to SaaS and AI restaurant management software. The platform targets high-growth needs in the restaurant tech sector, competing in POS and operational tools for culturally diverse independents. |
| Aug 2024 | Undisclosed stage | FJ Labs; Gold House | $20M | - | Chowbus is listed as a B2C software company in food and beverage and transportation sectors that raised approximately $20 million in a Venture – Series round, appearing in a December 2024 funding list among other SaaS and tech companies. |
| Aug 2023 | Undisclosed stage | Prysm Capital (lead); Celtic House Asia Partners; FJ Labs | $40M | $4.2B | Chowbus, Inc., founded in 2016 and headquartered in Chicago, Illinois, is a full-stack AI-powered technology platform designed for independent, culturally rooted restaurants across North America. The company provides point-of-sale systems, payments, marketing tools, analytics, automated accounting, supply chain optimization, and operational software to help restaurant operators streamline operations, reach customers, and grow revenue. It supports thousands of restaurants and has achieved over $120M in ARR and approximately $4B in annualized transaction volume as of its latest funding announcement. On March 11, 2026, Chowbus closed an $81 million financing round co-led by Prysm Capital and Left Lane Capital, with participation from Dutchess Capital, Fika Management, Avid Bank, and existing investor HPA (since 2019 Series Seed). This round values the company at $4.2 billion post-money. The investors include U.S.-based growth equity firms focused on high-growth technology and consumer businesses, with Prysm Capital based in Princeton, New Jersey, and Left Lane Capital operating from New York and London. The new capital will fund expansion of AI-driven product development, including marketing automation, operational analytics, accounting workflows, and supply chain tools, as well as deeper service integrations and international growth into Canada and potentially Asia. CEO Linxin Wen emphasized building the operating system for culturally rooted restaurants amid challenges like staffing, supply chains, and customer expectations. No revenue, EBITDA, or valuation multiples were directly tied to a 2023 round matching the specified investors; all data pertains to the 2026 round. |
| Oct 2020 | Undisclosed stage | Luxor Capital Group; Meritech Capital Partners | $30M | - | Chowbus reported $120+ million in annual recurring revenue, representing 9x growth over the prior four years, and approximately $4 billion in annualized processed transaction volume across all 50 U.S. states and Canada. The company is a Chicago-based restaurant technology platform focused on serving culturally rooted independent restaurants, offering POS software, hardware, online ordering, and AI-driven tools for marketing, accounting, and supply chain optimization. |
| Jul 2020 | Series A | Altos Ventures (lead); Left Lane Capital (lead); Fika Ventures; FJ Labs; HPA (Hyde Park Angels); Silicon Valley Bank; Meritech Capital Partners | $33M | - | Chowbus is a Chicago-based food delivery platform founded in 2016 by Suyu Zhang and Linxin Wen, specializing in connecting customers with high-quality, authentic Asian food from independent 'mom and pop' restaurants and stores not typically found on mainstream apps. It differentiates through features like no hidden fees, bundling orders from multiple restaurants in a single delivery, real food photos, reliable service, and expansions like contactless dine-in ordering and grocery delivery. By July 2020, it operated in about 20-22 North American markets including New York, Chicago, Los Angeles, Boston, Seattle, Atlanta, Bay Area, Toronto, Houston, and college towns like Champaign and West Lafayette. On July 22, 2020, Chowbus raised $33 million in a Series A round led by Altos Ventures and Left Lane Capital, with participation from Hyde Park Angels (HPA), Fika Ventures, FJ Labs, and Silicon Valley Bank. This brought total funding to $38.1 million, following prior seed rounds including $4 million (or $5.1 million across two seeds) in 2019. The capital will fuel growth in existing markets, expansion to new cities, product development beyond delivery, and support for restaurant partners' businesses. The round coincided with explosive growth amid the shift to online ordering accelerated by COVID-19. Over the prior year, Chowbus reported 700% revenue growth and 300% employee headcount increase. Investors praised its capital efficiency, vertical focus on Asian independents, and marketplace differentiation. New leadership included COO Kenny Tsai (ex-Uber, JUMP Bikes) and Head of Product Jieying Zheng (ex-Groupon). |
| Jan 2019 | Seed | FJ Labs (lead); Greycroft (lead); Fika Ventures; HPA (Hyde Park Angels) | $4M | - | - |
| Feb 2018 | Pre-seed | Greycroft (lead) | $1M | - | - |
| Jun 2017 | Pre-seed | - | $200K | - | - |
Who has invested in Chowbus?
12 investors have backed Chowbus across its funding rounds, including FJ Labs, Greycroft, Meritech Capital Partners, HPA (Hyde Park Angels), Fika Ventures and Altos Ventures.
Lead investors include Prysm Capital, Altos Ventures, Left Lane Capital, FJ Labs and Greycroft.
Chowbus Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Jan 2019 | ||
| 2 | Participant | Jan 2019 | ||
| 2 | Participant | Jan 2019 | ||
| 2 | Lead | Feb 2018 | ||
| 2 | Participant | Jul 2020 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Lead | Jul 2020 | ||
| 1 | Lead | Aug 2023 | ||
| 1 | Participant | Aug 2024 | ||
This data is available for Pro users. Sign up to see all 12 Chowbus investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialChowbus Competitors
Chowbus competitors include listed companies like Shiji Group and Newland Digital Tech, and private ones like SpotOn, Restaurant365, Meiwei Buyongdeng and Owner.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3.6B | - | ||
| Private | $100M | - | $1B | 10.0x | ||
| Private | - | - | $628M | - | ||
| Private | $100M | - | $2.3B | 23.0x | ||
| Publicly listed | $416M | $21M | $3.1B | 6.2x | ||
| Publicly listed | $1.3B | $189M | $3B | 1.5x |
Chowbus Public Comps
Chowbus is still privately-owned, but its public comps include Endeavour Group, Jersey Mike’s Subs, The Cheesecake Factory, Skylark Holdings, Jubilant Foodworks, Charoen Pokphand Foods, Shiji Group, Newland Digital Tech, Americana Restaurants and Agilysys.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $8.7B | $793M | 0.9x | 0.9x | 9.8x | 7.4x | |||
| $724M | $170M | 9.0x | - | 38.5x | - | |||
| $3.8B | $282M | 1.8x | 1.7x | 23.6x | 18.2x | |||
| $2.9B | $527M | 1.9x | 1.7x | 10.4x | 9.6x | |||
| $930M | $196M | 4.1x | 3.6x | 19.3x | 18.2x | |||
| $17B | $1.9B | 1.3x | 1.2x | 11.4x | 9.6x | |||
| $416M | $21M | 6.4x | 6.2x | 128.0x | 97.1x | |||
| $1.3B | $189M | 1.8x | 1.5x | 12.2x | 10.6x | |||
This data is available for Pro users. Sign up to see all Chowbus competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Chowbus
| When was Chowbus founded? | Chowbus was founded in 2015. |
| Where is Chowbus headquartered? | Chowbus is headquartered in Chicago, IL, United States. |
| Is Chowbus publicly listed? | No, Chowbus is a private, VC-backed company. |
| What is Chowbus' valuation? | Chowbus was last valued at $4.2B in its undisclosed-stage round in August 2023. |
| How much funding has Chowbus raised? | Chowbus has raised $210M across 8 funding rounds. |
| What was Chowbus' last funding round? | Chowbus' last funding round was a $81M undisclosed-stage round in February 2026. |
| Who are Chowbus' investors? | Chowbus' investors include FJ Labs, Fika Ventures, HPA (Hyde Park Angels), Greycroft, Meritech Capital Partners, Celtic House Asia Partners, Luxor Capital Group, Left Lane Capital, Prysm Capital, Gold House and 2 others. |
| What is Chowbus' revenue? | Chowbus' latest recorded revenue is $120M (August 2023). |
| What is Chowbus' revenue multiple? | Chowbus' latest valuation implies a 35.0x revenue multiple ($4.2B valuation on $120M of revenue). |
| Which companies are comparable to Chowbus? | Companies comparable to Chowbus include SpotOn, Restaurant365, Meiwei Buyongdeng, Owner, Shiji Group and Newland Digital Tech. |
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