Ordo
-100%
est. 2Y upside i
Ordo has quickly emerged as America’s fastest-growing school lunch program, serving hundreds of thousands of meals across the United States. We build technology that connects schools with local chefs and enables schools nationwide to serve fresh homestyle meals without the typical administrative burden of managing logistics, payment, orders, and compliance.
Rank
#4486
Sector
Fintech
Est. Liquidity
~0Y
Data Quality
Data: MediumAny offer for equity in Ordo as a standalone entity in March 2026 should be considered worthless.
Last updated: March 10, 2026
Ordo's independent equity was acquired by Neonomics in January 2025, but its UK operations were subsequently closed in August 2025. For any prior Ordo equity holder, this represents a complete loss of value beyond any acquisition payout, as the independent entity no longer exists and its operations ceased.
Ordo's UK operations were closed by its acquirer, Neonomics, in August 2025, citing low volumes and lower margins in the UK market and a strategic shift to Nordic and wider EU markets. Any equity in Ordo as a standalone entity is now worthless.
The closure of Ordo's UK operations by Neonomics in August 2025 resulted in a complete cessation of its independent business activities, rendering any standalone Ordo equity valueless. This outcome was driven by high incumbent threat and thin competitive moat in the UK open banking market.
Preference Stack Risk
severeNot applicable for standalone Ordo equity as its operations have ceased. Historically, $14M in funding on a valuation that ultimately led to closure implies a severe preference stack risk for common shareholders if any value remained.
Dilution Risk
highNot applicable for standalone Ordo equity as its operations have ceased. Any prior dilution would have contributed to the complete loss of value.
Secondary Liquidity
noneNo market exists for equity in a closed subsidiary.
Questions to Ask at the Interview
Strategic questions based on Ordo's data — designed to show you've done your homework.
- 1
“Given Neonomics' decision to close Ordo's UK operations, how does the company plan to avoid similar market challenges in its focus on Nordic and wider EU markets?”
- 2
“What lessons has Neonomics learned from Ordo's struggles with market penetration and profitability in the highly competitive UK open banking sector?”
- 3
“If this role is related to the acquired Ordo technology or team, what is the long-term vision for integrating and evolving these capabilities within Neonomics' broader product strategy?”
Community
Valuation Sentiment
Our model estimates -100% upside. What do you think?
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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.