What is 86 Repairs?
86 Repairs operates a technology-driven platform designed to streamline repair and maintenance operations specifically for the restaurant industry. Founded in 2018 and headquartered in Chicago, Illinois, the company offers 24/7 on-demand repair management and preventative maintenance services. Their software aims to reduce downtime and operational costs for restaurants by providing efficient solutions for managing facility upkeep. The company's focus on a niche but critical aspect of restaurant operations positions it as a key player in the hospitality tech landscape.
How much funding has 86 Repairs raised?
86 Repairs has raised a total of $22.5M across 2 funding rounds:
Angel/Seed
$7.3M
Series A
$15.2M
Angel/Seed (2021): $7.3M with participation from TDF Ventures, Gordon Food Service, HAVI, Tamarind Hill, Network Ventures, GHS Holdings Inc, and ID Ventures
Series A (2022): $15.2M led by Lightbank, Savory Fund, and Storm Ventures
Key Investors in 86 Repairs
Lightbank
Lightbank is an investment firm based in Chicago, IL, focusing on funding innovative startups. The company aims to support entrepreneurs by providing capital and strategic guidance.
Savory Fund
Savory Restaurant Fund is Mercato Partners' restaurant investment firm division, used for investing in restaurant concepts that are gaining traction and provides real estate, supply chain technologies, and marketing consultation.
Storm Ventures
Storm Ventures is an early-stage venture capital firm focused on B2B software startups, specializing in areas such as artificial intelligence, enterprise infrastructure, and cybersecurity. They assist founders globally in navigating their journey from inception to becoming industry leaders.
What's next for 86 Repairs?
With the recent influx of major strategic investment, 86 Repairs is poised for accelerated growth and expansion. The company's enterprise-level funding suggests a strategic focus on scaling its operations, enhancing its platform capabilities, and potentially broadening its market reach within the restaurant industry and beyond. Future developments may include further integration of AI for predictive maintenance, expanding service offerings, and strengthening partnerships to solidify its leadership in the repair and maintenance management sector. This capital infusion is expected to fuel innovation and reinforce its competitive advantage.
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