OrderWithMe Closes $6 Million in Series B Funding

LAS VEGAS, Dec. 4, 2013 /PRNewswire/ -- OrderWithMe.com, a past TechCrunch Disrupt Winner, announced yesterday its expansion to downtown Las Vegas and the closing of $6 million in a Series B funding led by a group of investors including Vegas Tech Fund, BaseVC, Tony Hsieh, and other local Las Vegas investors. This round also included previous investors Infinity Venture Partners, SOS Ventures and Silicon Valley Bank.

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With operations now in China and the US, OrderWithMe helps small businesses more effectively compete by streamlining their purchase orders and payments to all their vendors on one easy business-to-business platform. The business owners save substantial time by centralizing their inventory purchasing and payment activities.  More importantly, businesses can then negotiate much bigger volume discounts from their suppliers by aggregating their purchase volume with others in the same industry.

"As our company continues its rapid growth, we quickly realized the need to set up a formal U.S. headquarters," said Jonathan Jenkins, OrderWithMe's founder and CEO.  "We explored multiple cities and were about to make the move to San Francisco, and then we heard about the complete reinvention  of downtown Las Vegas. Coming from China where things are booming and growing, we love that downtown Vegas now has a similar vibe of energy and change. Not only is there an exciting tech community here and much lower costs than the Bay Area, we love the fact that almost every industry group brings their conventions to our front door once a year. So really we couldn't be more thrilled."

OrderWithMe officially opened their downtown Las Vegas office on Tuesday, Nov. 19.  Las Vegas city officials and Zappos CEO Tony Hsieh were among those on hand for the opening.

"The Downtown Project is focused on helping to grow both a vibrant technology and small business community here in downtown Las Vegas," said Andy White Partner at VegasTechFund, "There is a huge opportunity for technology to improve the lives of small business owners, and OrderWithMe is on the forefront of providing those solutions. Few people in the tech community understand the needs of small business owners the way Jonathan and the OrderWitheMe team does. We're excited to have them in downtown Vegas."

OrderWithMe is looking to play a central role in the downtown community by bringing together the technology companies and small businesses through events, education sessions and even hackathons focused on building solutions for the local independent businesses.

"Anyone who is following the Downtown Project knows that many new technology startups and small businesses are opening up here in downtown Las Vegas," said Danielle Jenkins, OrderWithMe co-founder and VP of culture & community.  "While there is a lot of opportunity for technology to make life more efficient for small business owners, traditionally the problem has been that these two communities are very different and do not really communicate face to face. We are excited to play a role in bringing them together here in Las Vegas. You will see a lot of great things and innovation here coming from that collaboration."

About OrderWithMe
OrderWithMe is a cloud based central ordering platform for small business owners. We help small businesses streamline their inventory purchasing by providing them a platform to build, manage and track purchase orders, communications and payments to all their vendors in one place. In addition, OrderWithMe aggregates the buying power of small businesses with others in the same industry to provide them volume discounts from their suppliers.

About VegasTechFund
VegasTechFund is a seed stage investment fund and community catalyst focused on investing in teams solving compelling problems in innovative ways and who are committed to building a vibrant tech community in downtown Las Vegas. We see our city as an incubator and aim to find, foster, and accelerate companies who share that vision and want to build in it. We're bringing people together who are hungry to be a part of something bigger than themselves and their companies - a community that encourages experimentation, relationship-building, and collaboration.

SOURCE OrderWithMe