Olo

Olo

Technology, Information and Internet

New York, NY 27,683 followers

Enterprise-grade restaurant SaaS platform serving 700+ of America's most beloved brands | Enabling Hospitality at Scale™

About us

Olo was born out of a simple idea: What if you could order and pay for a coffee from your phone and have it ready upon arrival at the cafe? We got to work in 2005, sending text message orders to printers—two years before the iPhone would change the world. While the hospitality industry is still in the early innings of its digital transformation, we remain committed over two decades later to helping restaurants, convenience stores, and supermarkets scale online ordering and delivery, make data-driven business decisions, and personalize the guest experience on- and off-premise. As a leading open SaaS platform, we reach 85 million connected guests across approximately 80,000 locations, processing more than two million orders per day on average. With integrations to over 300 technology partners, our customers can build digital experiences with the largest and most flexible restaurant commerce ecosystem on the market. Over 700 restaurant brands trust Olo to grow their sales, do more with less, and make every guest feel like a regular.

Website
http://www.olo.com
Industry
Technology, Information and Internet
Company size
501-1,000 employees
Headquarters
New York, NY
Type
Public Company
Founded
2005
Specialties
Mobile Ordering, Digital Commerce, Online Ordering, SaaS Restaurant Platform, and Delivery Management

Locations

Employees at Olo

Updates

  • View organization page for Olo, graphic

    27,683 followers

    We went from zero to 5 million Borderless users in two years 🤯 Ahead of our Summer Release, we're revisiting our first-ever release in 2022, when we introduced our passwordless guest login and checkout, Borderless, to the world. Talk about a #ThrowbackThursday Today, Borderless is available to all Olo brands 🙌 Make sure your notifications are on because our Summer Release is next week 🔜

  • Olo reposted this

    View profile for Noah Glass, graphic

    Noah Glass is the Founder & CEO of Olo

    Does it feel like you’re gambling with your marketing budget? John Wanamaker, the Philadelphia department store magnate, famously said in 1922: “Half the money I spend on advertising is wasted; the trouble is I don’t know which half.” 102 years later, much of the restaurant industry still grapples with the same dilemma. Despite technological advances, many restaurants struggle to pinpoint the effectiveness of their marketing efforts. Today’s restaurant executives understand that marketing ROI is more art than science. This is especially true in a landscape cluttered with daily deals and third-party marketplaces, where traditional earn-and-burn loyalty programs often lack the strategic context necessary for true guest engagement. Restaurants need efficient and effective marketing strategies to drive traffic, boost check averages, and attract new guests. Enter Five Guys Enterprises. After decades of grassroots marketing, Five Guys has grown into a personalized marketing strategy. Steve Teller, VP of Digital Strategy at Five Guys said it best, “Olo Engage allows us to take the Five Guys experience our founders provided guests in 1986 and apply it to an enterprise.” These personalized marketing efforts drive profitable acquisition, retention, and growth through customer lifetime value (CLV), or guest lifetime value (GLV) as we like to call it at Olo. GLV determines how valuable a guest is to your business based on recency, frequency, and spend using the data a restaurant already collects from all sorts of touch points, including order and payment data. Over a six month period with a group of 150 restaurants, Five Guys launched several data-driven campaigns, including an email inviting guests to add Reese’s Peanut Butter Cups to their milkshakes. This small suggestions yielded sweet results: 1.2k unique orders, accounting for $2 million in sales and an increase in overall shake sales by 1%. Industry wide, 70% of restaurant guests never return after their first visit, while the top 15% of guests drive 50% of sales. Knowing who your highest-value guests are and how to engage them is crucial. Restaurants can leverage guest data to nurture their top guests and also encourage behavior change of non-top GLV guests (i.e. offers to try a high attachment entree). Want to increase marketing effectiveness? Start by asking: what’s your average GLV? If you’re searching for the answer, Olo can help.

    • John Wanamaker
  • View organization page for Olo, graphic

    27,683 followers

    Any restaurant accountants out there fed up with tedious, time-consuming reconciliation? ✋ Olo Pay is built specifically for restaurants and has detail-level reporting that can help accountants troubleshoot easily. Learn more from Sneha Goel ⬇️

  • Olo reposted this

    View profile for Ben Weiss, graphic

    Co-Founder of NXTG3NZ with rapper Lil Durk | CEO and Founder of FLGHTX, consumer ready innovative NFT creation | Host of LegendsNLeaders Podcast

    New Episode! Noah Glass, CEO of Olo, began disrupting restaurants through with texts to now powering some of the most important industry operations in the world. Noah's founding of Olo enabled so many to streamline their online and mobile ordering processes, reducing stress on both sides, as well as helping to grow their customer base! He was able to bring on Five Guys as a client, at a point when the business was going through incredible growth, and shares how he did so. Noah discusses the importance of creating his minimum viable product and when it was the right time to build it out further as well as how he got the business started. Noah took Olo from an idea to a publicly traded company and there are many great lessons to learn from his journey! YouTube: https://lnkd.in/eBtdNpa8 Spotify: https://lnkd.in/eQshdJ7P Apple Podcasts: https://lnkd.in/esxyHWJX Thank you to Samantha Devito for helping with this!

  • View organization page for Olo, graphic

    27,683 followers

    #FlashbackFriday Last summer, we unveiled OrderReady AI, which uses machine learning to predict accurate order-ready times by analyzing real-time capacity and check data. Since then, brands leveraging OrderReady AI have seen a 20% improvement in quote accuracy. We have exciting updates coming this Summer Release. Stay tuned for more 👀

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Funding

Olo 7 total rounds

Last Round

Post IPO equity

US$ 103.3M

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