Ordermentum
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 3.0m | 4.0m | 4.0m | 3.7m | 4.6m | 7.0m |
% growth | - | 33 % | - | (8 %) | 24 % | 52 % |
Date | Investors | Amount | Round |
---|---|---|---|
$2.5m | Series A | ||
AUD5.0m | Early VC | ||
* | AUD6.0m | Early VC | |
* | AUD16.0m | Late VC | |
Total Funding | CAD27.2m |
Recent News about Ordermentum
EditOrdermentum is a technology-driven platform designed to streamline business-to-business (B2B) ordering processes within the food and beverage industry. Founded in 2014 by Adam Theobald and Andrew Low, the company addresses the inefficiencies in traditional B2B ordering systems by leveraging advanced technology to improve order accuracy and reduce waste.
Ordermentum serves a diverse range of clients, including suppliers, retailers, and other stakeholders in the food and beverage sector. The platform allows businesses to forecast order numbers more accurately, thereby minimizing wastage and optimizing inventory management. This results in significant time savings and improved cash flow for users, as many transactions are processed via credit card payments.
Operating primarily in the Australian market, Ordermentum's business model is subscription-based, generating revenue through monthly fees charged to its users. The platform's unique combination of supplier, retail, and technology experience makes it a valuable tool for businesses looking to modernize their ordering processes.
Keywords: B2B ordering, food and beverage, order accuracy, waste reduction, inventory management, cash flow improvement, subscription-based, Australian market, technology-driven, supplier-retailer integration.