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- Olo
Olo Acquisition, Valuation, Funding & Investors
Olo was acquired by Thoma Bravo for $2B in July 2025, a 6.4x multiple on $313M of revenue.
Olo acquisition price
$2B
Acquired by Thoma Bravo · Jul 2025
Olo revenue at acquisition
$313M
Last twelve months · Jul 2025
Olo revenue multiple at acquisition
6.4x
EV/Revenue · Jul 2025
Olo EBITDA multiple at acquisition
42.6x
EV/EBITDA · Jul 2025
About Olo
Olo is a New York City-headquartered platform powering online ordering, delivery, and payment systems for restaurant chains throughout the United States. The end-to-end solution handles guest-facing apps, kiosks, and websites while syncing orders with POS systems like Toast and NCR Aloha. Brands including Applebee's, Cheesecake Factory, Chili's, Five Guys, and Shake Shack process millions of transactions weekly through Olo's network. Listed on the NYSE since 2021, the company supports delivery partnerships with DoorDash and Uber Eats, enabling commission-free direct orders.
Founded
2005
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$313M (Jul 2025)
Valuation
$68M (Jan 2013)
Olo Acquisition
Olo was acquired by Thoma Bravo for $2B on 3 July 2025.
The acquisition price implies a 6.4x revenue and 42.6x EBITDA multiple on $313M of revenue.
Before the acquisition Olo had raised $55M across 3 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 3 Jul 2025 | PE buyout | $2B | 6.4x | 42.6x |
Olo Valuation
Olo is currently valued at $68M, based on its Series B in January 2013.
The $5M round included RRE Ventures, Core Capital Partners and Founder Collective.
Olo valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2013 | Series B | $68M |
Olo Funding History
Olo has raised a total of $55M across 3 funding rounds, plus 1 secondary share sale.
Olo's first fundraising round was a $5M Series B in January 2013. The most recent completed round was a $40M Series D in January 2016.
Olo funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2019 | Secondary | Tiger Global (lead) | $18M | - | Olo is a New York-based digital ordering platform serving over 250 restaurant chains including Applebee’s, Cheesecake Factory, Chipotle, Denny’s, Jamba Juice, and Chili’s, powering mobile and online orders for more than 50,000 fast-casual restaurants. In January 2019, Tiger Global Management invested $18 million in a secondary transaction, purchasing common equity from long-term Olo employees without primary dilution to existing investors. Prior investors including RRE Ventures, Core Capital, and The Raine Group had provided $63.3 million in primary funding. |
| Jan 2016 | Series D | The Raine Group (lead) | $40M | - | Olo (Mobo Systems Inc.) is a restaurant e-commerce technology platform designed to enhance restaurant operations, increase orders, and improve guest experiences through its online ordering solutions. In January 2016, Olo raised $40 million in its Series D funding round led by The Raine Group, aimed at accelerating growth and expanding into new markets. The Raine Group, a global merchant bank focused on technology, media, and telecommunications, has backed other notable investments like DraftKings and Vice Media. Olo has raised funding across multiple rounds totaling around $63 million to $184 million depending on sources, with investors including Tiger Global Management, Battery Ventures, Raine, RRE Ventures, and Core Capital Partners. Subsequent rounds included a secondary market raise in January 2019 led by Tiger Global Management for $18 million to support expansion and tech advancements. The company went public via IPO in March 2021 raising $306 million, followed by a take-private deal in September 2025. Olo's funding history reflects steady investor interest in its restaurant tech positioning amid growth in digital ordering. |
| Oct 2014 | Series C | RRE Ventures; Core Capital Partners; Danny Meyer; Staley Capital | $10M | - | Olo completed a Series C funding round in October 2014, raising $10 million as part of its growth trajectory as a SaaS platform for restaurant ordering and delivery management. The company, which had pivoted from its original GoMobo text-messaging platform to focus on enterprise restaurant software, was serving major chains including Chipotle, Applebee's, and Chili's. By the time of its IPO in March 2021, Olo had established significant market traction with 120%+ net revenue retention, 94% gross margins, and $98.4 million in revenue for 2020. The company went public on the NYSE (ticker OLO) at a $3.55 billion implied valuation, raising $450 million in its IPO. |
| Jan 2013 | Series B | RRE Ventures; Core Capital Partners; Founder Collective | $5M | $68M | Olo raised $5.7 million in its Series B funding round on January 24, 2013, led by investors including Core Capital Partners, Founder Collective, Paypal Ventures, and RRE Ventures. The round valued the company at a post-money valuation of $67.85 million. Olo operates as a software-as-a-service (SaaS) platform tailored for the restaurant industry, facilitating on-demand commerce. |
Who has invested in Olo?
7 investors have backed Olo across its funding rounds, including RRE Ventures, Core Capital Partners, Tiger Global, Founder Collective, The Raine Group and Staley Capital.
Lead investors include Tiger Global and The Raine Group.
Olo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jan 2013 | ||
| 2 | Participant | Jan 2013 | ||
| 1 | Lead | Jan 2016 | ||
| 1 | Lead | Jan 2019 | ||
| 1 | Participant | Jan 2013 | ||
This data is available for Pro users. Sign up to see all 7 Olo investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Olo
Olo has acquired 3 companies to date.
Last acquisition by Olo was on December 22nd 2025. Olo acquired Spendgo for undisclosed valuation.
Latest Acquisitions by Olo
| Description | Spendgo is an omnichannel marketing platform equipping retailers with engagement, retention, and incentive tools compatible with any POS system or online platform. Minneapolis-based, it enables personalized customer interactions, loyalty programs, and data-driven campaigns via spendgo.com to drive sales across physical and digital channels. | Omnivore is an investment firm advancing agricultural prosperity through portfolios in farmer platforms, precision agriculture, and agri-biotech. Headquartered to transform food systems for profitability and sustainability, it supports operations across Asia and beyond via omnivore.io. | Wisely is a customer intelligence platform designed for restaurant chains that personalizes guest interactions across digital channels to boost lifetime value. San Francisco-headquartered Wisely analyzes order history and preferences from apps and loyalty programs to recommend menu items and promotions in real time. The platform serves multi-location brands like fast-casual eateries by integrating with POS systems such as Toast and Square, optimizing email campaigns and in-app messaging for higher retention rates. |
| HQ Country | |||
| HQ City | San Francisco, CA | Clearwater, FL | Ann Arbor, MI |
| Deal Date | 22 Dec 2025 | 23 Feb 2022 | 21 Oct 2021 |
| Valuation | undisclosed | $49M | $187M |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Olo acquisitions and their M&A valuation multiples. Start Free Trial | |||
Olo Competitors
Olo competitors include listed companies like Diebold Nixdorf and Pine Labs, and private ones like Slice, Owner, Deliverect and SpotOn.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $299M | - | ||
| Private | $100M | - | $2.3B | 23.0x | ||
| Private | - | - | $1.4B | - | ||
| Private | - | - | $3.6B | - | ||
| Publicly listed | $3.8B | $329M | $2.2B | 0.7x | ||
| Publicly listed | $250M | $14M | $2.2B | 6.4x |
Olo Public Comps
Olo is no longer listed, but its public comps include Diebold Nixdorf, Pine Labs, Vusion, Nayax, Ocado Group, Lightspeed Commerce, Agilysys, Newland Digital Tech, Goto Gojek Tokopedia and NCR Voyix.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.8B | $329M | 0.7x | 0.7x | 8.6x | 5.5x | |||
| $250M | $14M | 8.0x | 6.4x | 145.8x | 32.6x | |||
| $1.7B | $313M | 1.0x | 0.9x | 5.6x | 4.8x | |||
| $400M | $66M | 4.2x | 3.5x | 25.4x | 21.5x | |||
| $1.9B | $135M | 2.0x | 1.8x | 27.3x | 8.0x | |||
| $1.2B | ($13M) | 0.7x | 0.7x | (65.4x) | 11.0x | |||
| $319M | $57M | 8.7x | 8.1x | 48.7x | 35.8x | |||
| $1.3B | $189M | 1.8x | 1.5x | 12.2x | 10.6x | |||
This data is available for Pro users. Sign up to see all Olo competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Olo
| When was Olo founded? | Olo was founded in 2005. |
| Where is Olo headquartered? | Olo is headquartered in New York City, NY, United States. |
| Is Olo publicly listed? | No, Olo was acquired by Thoma Bravo in July 2025. |
| Who acquired Olo? | Olo was acquired by Thoma Bravo in July 2025. |
| How much was Olo acquired for? | Olo was acquired for $2B in July 2025, a 6.4x revenue multiple. |
| What is Olo's valuation? | Olo was last valued at $68M in its Series B in January 2013. |
| How much funding has Olo raised? | Olo has raised $55M across 3 funding rounds. |
| What was Olo's last funding round? | Olo's last funding round was a $40M Series D in January 2016, led by The Raine Group. |
| Who are Olo's investors? | Olo's investors include RRE Ventures, Core Capital Partners, The Raine Group, Tiger Global, Founder Collective, Danny Meyer and Staley Capital. |
| Which companies are comparable to Olo? | Companies comparable to Olo include Slice, Owner, Deliverect, SpotOn, Diebold Nixdorf and Pine Labs. |
| How many companies has Olo acquired? | Olo has acquired 3 companies, including Spendgo, Omnivore and Wisely. |
| What was the largest acquisition by Olo? | The $187M acquisition of Wisely in October 2021 is the largest acquisition Olo has made to date. |
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