What is Restaurant365?
Founded in 2011 and headquartered in Irvine, California, Restaurant365 offers a comprehensive accounting and back-office software platform designed to streamline operations for restaurant businesses. The solution aims to alleviate the operational burdens faced by restaurant operators, enabling them to enhance efficiency and profitability through digital transformation. The company's focus on a niche yet critical segment of the hospitality industry has positioned it as a key player in providing essential technology for modern restaurant management.
How much funding has Restaurant365 raised?
Restaurant365 has raised a total of $267.5M across 5 funding rounds:
Series A
$20M
Series B
$19.5M
Series C
$88M
Debt
$5M
Other Financing Round
$135M
Series A (2018): $20M with participation from Bessemer Venture Partners
Series B (2019): $19.5M led by Bessemer Venture Partners
Series C (2019): $88M supported by ICONIQ Capital, Bessemer Venture Partners, and TriplePoint Venture Growth BDC
Debt (2020): $5M featuring PPP
Other Financing Round (2023): $135M backed by Bessemer Venture Partners, L Catterton, ICONIQ Growth, and KKR
Key Investors in Restaurant365
Bessemer Venture Partners
Bessemer Venture Partners is a venture capital firm with a long history, established in 1911. They have offices globally and focus on investing in companies across various stages of growth.
L Catterton
L Catterton is a global private equity firm with a strong focus on the consumer sector. Since its inception in 1989, it has deployed significant capital across numerous consumer brands worldwide.
ICONIQ Growth
ICONIQ Growth partners with visionary entrepreneurs and leaders to drive global impact. They leverage a unique investment platform and ecosystem to support portfolio companies from early growth stages through to IPO.
What's next for Restaurant365?
The recent major strategic investment signals Restaurant365's readiness for accelerated expansion and further product development. This influx of capital is likely to fuel initiatives aimed at enhancing its platform capabilities, expanding its market reach, and potentially exploring strategic acquisitions. The company's trajectory suggests a continued focus on solidifying its leadership in the restaurant tech space, leveraging its established customer base and the increasing demand for integrated back-office solutions in the hospitality industry.
See full Restaurant365 company page
