When was Hotplate founded?

Hotplate was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Where is Hotplate located?

Hotplate is headquartered in Austin, United States.

How many employees does Hotplate have?

As of May 31, 2026, the latest employee count at Hotplate is 29.

Is Hotplate a funded company?

Hotplate is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2020.

When was the latest funding round of Hotplate?

Hotplate's latest funding was a $***** Seed round on Feb 04, 2022, with participation from 0 investor.

Where does Hotplate rank among its competitors?

Hotplate ranks 117th amongst 2700 active competitors, of which 226 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Owner, which secured $120M in May, 2025.

Who are the top competitors of Hotplate?

Hotplate's top competitors include Toast, Olo and Lunchbox. Among them, Owner secured the most recent funding round in May, 2025.

Hotplate - 2026 Company Profile, Team, Funding & Competitors

Hotplate is a seed company based in Austin (United States), founded in 2019 by Andy Prevalsky, Ben Klenk and Rishi Talati. It operates as a Platform offering software solution for meal prep businesses. Hotplate has raised $3M in funding from Y Combinator. The company has 2700 active competitors, including 226 funded and 91 that have exited. Its top competitors include companies like Toast, Olo and Lunchbox.

Company Details

Platform offering software solutions for meal prep businesses. The platform helps to set up a storefront, create events, and take orders with automatic prep lists and order tickets. It allows creating events, prep lists organized by day and time automatically, and publish.

Website: www.hotplate.com/
Social
Email ID: *****@hotplate.com
Phone Number: +1 **********

Key Metrics

Founded Year

2019

Location

Austin, United States

Stage

Seed

Total Funding

$3M in 2 rounds

Latest Funding Round

Seed, Feb 04, 2022, $*****

Investors

Y Combinator & 1 more

Ranked

117^th among 2700 active competitors

Employee Count

29 as on May 31, 2026

Similar Companies

Lunchbox & 1349 more

View Hotplate's full profile

Hotplate has raised a total funding of $3M over 2 rounds. Its first funding round was on 2020. Hotplate has 2 institutional investors.

Here is the list of recent funding rounds of Hotplate:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 04, 2022	7684124	Seed	3315721	9855205	2142119	8972512
2020	1527	Seed	7537	4620	Y Combinator	8256

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View details of Hotplate's funding rounds and investors

The founders of Hotplate are Andy Prevalsky, Ben Klenk and Rishi Talati.

Here are the details of Hotplate's key team members:

Andy Prevalsky: Co-Founder of Hotplate.
Contact Info: 1 email address
Ben Klenk: Co-Founder of Hotplate.
Contact Info: 1 email address
Rishi Talati: Co-Founder of Hotplate.
Contact Info: 1 email address

View details of Hotplate's Founder profiles and Board Members

Hotplate's employee count trend

Hotplate has 29 employees as of May 26. Here is Hotplate's employee count trend over the years:

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Top competitors of Hotplate include Toast, Olo and Lunchbox. Here is the list of Top 10 competitors of Hotplate, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Toast 2011, Boston (United States), Public	Cloud-based point of sale and management system for restaurants	$900M	Tiger Global Management, Bessemer Venture Partners ... & 30 others	82/100
2nd	Olo 2005, New York City (United States), Acquired	Provider of a platform for restaurant brands to manage digital operations	$73.6M	Tiger Global Management, The Raine Group ... & 10 others	81/100
3rd	Lunchbox 2019, New York City (United States), Series B	Provider of online ordering solutions for restaurants	$72.1M	Coatue, 645 Ventures & 17 others	78/100
4th	Deliverect 2018, Ghent (Belgium), Series D	Streamlining restaurant and retail operations with end-to-end digital ordering solutions	$332M	DST Global, Alkeon Capital Management & 6 others	72/100
5th	Owner 2019, Palo Alto (United States), Series C	AI-powered platform for restaurant online ordering, marketing, and customer loyalty	$189M	Altman Capital, SaaStr & 38 others	71/100
6th	Paytronix 2001, Newton (United States), Acquired	Provider of digital guest engagement platform for restaurants and c-stores	$75M	Great Hill Partners, SVB & 1 others	70/100
7th	Odeko 2019, New York City (United States), Series E	Provider of online ordering solution for coffee businesses	$296M	B Capital, GGV Capital & 29 others	69/100
8th	LevelUp 2008, Boston (United States), Acquired	Mobile wallet provider and white label service	$103M	Balderton Capital, T.Capital & 10 others	68/100
9th	Tillster 2006, San Diego (United States), Series C	Restaurant digital ordering solutions: online, mobile, delivery, kiosk, and data science	$90.4M	AllegisCyber Capital, BYU Cougar Capital & 1 others	67/100
10th	TouchBistro 2010, Toronto (Canada), Series E	Cloud-based POS and restaurant management system	$321M	Relay Ventures, Kensington Capital Partners ... & 21 others	67/100
117th	Hotplate 2019, Austin (United States), Seed	Platform offering software solution for meal prep businesses	$3M	Y Combinator, Ripple Impact Investments	42/100