The Vancouver Island startup integrates delivery apps such as Uber Eats and Doordash with point of sale (POS) systems in restaurants across the U.S. and Canada.
The new funds will help the company aggressively expand its sales and marketing operations as well as accelerate product development and push new features to market faster. This financing round follows a third place finish in the 2019 New Ventures BC Competition and an investment from Y Combinator last summer.
“As a seed round, this investment proves that we found product-fit rather early and we will continue creating great technology. As a matter of fact, investors oversubscribed to this round, as late investment by Dash40 Partners was accepted. They [Dash40] had an expertise and network we just couldn’t pass on.” said Juan Orrego, Cuboh’s Co-Founder & CEO.
Hans Knapp, Co-Founder at Yaletown Partners and advisor at Cuboh added, “this Investment will enable Cuboh to continue their impressive growth and is well timed with the increasingly diverse revenue growth opportunities the company is seeing”.
Cuboh’s solution includes both software and hardware (namely one tablet) that replaces all other tablets, avoids human error by integrating in real time with the restaurant’s point of sale system and facilitates the restaurant’s presence in an increasing number of apps; driving more profits via the creation of new revenue flows from this digital channel.