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 platform addresses the complex financial and operational challenges faced by restaurateurs, enabling them to enhance efficiency and profitability through digital solutions. Restaurant365's focus on the unique needs of the food service industry positions it as a critical partner for concepts navigating the modern operational landscape.
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, TriplePoint Venture Growth BDC, and Bessemer Venture Partners
Debt (2020): $5M featuring PPP
Other Financing Round (2023): $135M backed by L Catterton, ICONIQ Growth, KKR, and Bessemer Venture Partners
Key Investors in Restaurant365
L Catterton
L Catterton is a global consumer-focused private equity firm that has made over 275 investments in consumer brands worldwide, deploying capital across various strategies.
ICONIQ Growth
ICONIQ Growth partners with exceptional entrepreneurs driving global impact, leveraging a unique investment platform to deliver tangible value and amplify portfolio company success from early growth to IPO.
KKR
KKR is a global investment firm focused on private markets, dedicated to fortifying companies and communities and securing the futures of those who depend on them.
What's next for Restaurant365?
The substantial enterprise-level backing and recent strategic investment signal a strong trajectory for Restaurant365. This capital is likely to be deployed towards enhancing its software capabilities, expanding its market reach, and potentially exploring new service verticals within the hospitality technology ecosystem. The company's consistent access to significant financing rounds, including debt and equity, indicates investor confidence in its business model and its ability to scale effectively in a competitive market. Future developments may include further integration of AI-driven analytics and operational tools to provide even greater value to its clientele.
See full Restaurant365 company page
