Total amount raised
$437.5 Millions
Latest funding date
Location
Restaurant365 has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers an all-in-one restaurant management solution, integrating accounting, inventory, workforce management, and payroll.
Keep reading to explore the intricacies of Restaurant365's fundraising journey and the investors backing this innovative platform.
What Is Restaurant365?
Restaurant365 operates within the restaurant management software industry, providing an all-in-one platform that integrates accounting, inventory management, workforce management, and payroll & HR. The company is headquartered at 500 Technology Drive, Suite 200, Irvine, CA 92618, and also has a location at Westech 360, 8911 N Capital of Texas Hwy, Building 1, Suite 1200, Austin, TX 78759.
While the founding year and founder names are not explicitly mentioned, Restaurant365 is known for its comprehensive solutions that streamline restaurant operations. Trusted by over 40,000 restaurants, the platform connects with over 400 vendors, technology, channel, and service partners to enhance its offerings.
How Much Funding Has Restaurant365 Raised?
- Amount Raised: $20M
- Date: January 2018
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and expand market reach.
- Amount Raised: $19.5M
- Date: December 2018
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and support growth initiatives.
- Amount Raised: $88M
- Date: June 2019
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Amount Raised: $135M
- Date: May 2023
- Lead Investors: Kohlberg Kravis Roberts, L Catterton
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To scale the business and achieve the $1 billion valuation milestone.
- Amount Raised: $175M
- Date: May 2024
- Lead Investors: ICONIQ Growth
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To expand the product suite, grow the customer base, and make future acquisitions.
Total Amount Raised: $437.5M. Current Valuation: Over $1 billion.
Key Investors
The major investors in Restaurant365 are:
- ICONIQ Growth
- Details: ICONIQ Growth is a venture capital firm that focuses on high-growth technology companies. They have a reputation for backing innovative startups and helping them scale.
- Investment Focus Areas: Technology, software, data analytics.
- Notable Investments: Snowflake, Datadog, Uber.
- KKR
- Details: KKR is a global investment firm managing multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit. They are known for their strategic investments and long-term growth focus.
- Investment Focus Areas: Private equity, energy, infrastructure, real estate, credit.
- Notable Investments: First Data, GoDaddy, ByteDance.
- L Catterton
- Details: L Catterton is a consumer-focused private equity firm. They specialize in partnering with strong management teams to build leading consumer brands.
- Investment Focus Areas: Consumer products, retail, health and wellness, food and beverage.
- Notable Investments: Peloton, Equinox, Restoration Hardware.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in early-stage companies across various sectors. They have a long history of successful investments in technology and healthcare.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, Shopify, Pinterest.
What's Next for Restaurant365?
Restaurant365 stands at the cusp of significant growth, driven by the burgeoning U.S. restaurant industry, which is projected to exceed $1 trillion in sales. The company aims to expand its product suite and customer base, particularly targeting major hospitality brands with specialized tools. This expansion presents a substantial opportunity for future fundraising, as the company plans to acquire other firms to consolidate the market and enhance its offerings.
However, the path forward is not without challenges. The crowded market of point-solution players and the inherent complexities of restaurant management, such as reducing food waste and controlling costs, pose significant hurdles. Continuous innovation and improvement of product offerings will be crucial for Restaurant365 to maintain its competitive edge and achieve its ambitious growth targets.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Restaurant365 and gather other critical business insights.
Sign up for free to start exploring the wealth of information available at your fingertips.
