Vancouver-based Omnicart secures $1 million in seed funding

The rapidly growing company plans to expand to all Canadian provinces, and to over 20 U.S. states

Childhood friends Arya Rashtchian and Nader Samadyan have been on quite the journey together. The duo moved from Tehran to Canada separately, but eventually reconnected and started Vancouver-based SaaS platform Omnicart after a series of pivots that led them to entrepreneurship.

Today, the company announced a $1 million funding round with the goal of expanding its team and connecting with diverse markets in at least 20 U.S. states and all of the Canadian provinces. It’s the second investment round the company has seen after a bridge round of $500,000 earlier this year.

Launched in 2021, Omnicart aims to empower local entrepreneurs by helping them unlock the potential of on-demand delivery. While Omnicart provides food-based services, its automated delivery operating systems are available for liquor, cannabis and other consumer goods—setting the company apart from its U.S.-based competition.

While the company’s current focus is in Canada and the U.S., the founders have said they will consider expansion to Asia and South America, among other areas.

This new funding will also go toward the development of new tools to streamline sales processes and revolutionize the way businesses engage with their customers.

Investors include U.K.-based online food ordering platform Foodhub, as well as individuals Dr. Shahram Tafazoli and Dr. Oleksiy Ignatyev.

“We have been blown away by the encouragement of our investors, and our oversubscribed seed round will allow us to enhance our product and explore opportunities for growth,” reads a press release from the company.

Omnicart made BCB’s 30 Under 30 list in 2022, and won a Youth Entrepreneurs of the Year award in 2023.