What is 86 Repairs?
Founded in 2018, 86 Repairs operates at the intersection of facility management and software-as-a-service (SaaS). The company offers a specialized platform designed to streamline the complex maintenance needs of the restaurant industry. By providing a centralized hub for repair requests, preventative maintenance scheduling, and vendor management, 86 Repairs addresses critical operational pain points that often lead to downtime and revenue loss for restaurant operators. Their tech-enabled approach allows for greater transparency and efficiency, effectively digitizing a traditionally fragmented and manual process within the food service sector.
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 by providing capital and strategic guidance to early-stage companies looking to scale.
Savory Fund
Savory Restaurant Fund is a specialized division of Mercato Partners that invests in restaurant concepts and supply chain technologies, providing operational consultation and real estate support.
Storm Ventures
Storm Ventures is an early-stage venture capital firm focused on B2B software startups, specializing in enterprise infrastructure and assisting founders in scaling their operations globally.
What's next for 86 Repairs?
With the successful closure of this major strategic investment, 86 Repairs is poised to transition from its early-stage development phase into a period of rapid commercial scaling. The company intends to leverage this capital to deepen its product capabilities, potentially integrating advanced predictive analytics to further optimize maintenance cycles for its growing client base. As the restaurant industry continues to prioritize digital transformation, 86 Repairs is strategically aligned to capture significant market share by providing the infrastructure necessary for resilient, tech-driven operations. Future growth will likely focus on expanding its network of service providers and enhancing the platform's automation features to maintain its competitive edge in the B2B hospitality technology market.
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