Tapingo Grabs $3.5M Round A Funding from Carmel VenturesTapingo Grabs $3.5M Round A Funding from Carmel Ventures

SAN FRANCISCO -- Tapingo, a provider of a mobile commerce platform enabling students to use their phone to order and pay for food and goods at merchants on and around college campuses, today announced that it has secured its first institutional financing round from Carmel Ventures. Carmel has invested $3.5 million and Shlomo Dovrat, Co-Founder and General Partner of Carmel Ventures, has joined the Company’s board of directors.

“The funding will help accelerate our sales and marketing as we seek to make Tapingo the mobile ordering service of choice on college and university campuses throughout the United States,” said Daniel Almog, CEO of Tapingo. “At the same time, Shlomo Dovrat is becoming a key player on our board. His experience and insight will be invaluable to Tapingo’s growth.”

Tapingo presents students with a real-time view of merchant inventories, providing a personalized and efficient shopping and food ordering experience with multiple payment options, including credit cards, PayPal, and campus cards. By integrating into the merchant’s existing workflow, Tapingo delivers a targeted and expedited service for on-the-go consumers while improving operational efficiency for merchants.

Carmel Ventures