Restaurant365, a company based in Irvine, CA, has successfully secured $175M in funding for its restaurant enterprise management platform.
Investors
- ICONIQ Growth
- KKR
- L Catterton
Use of funds
Our company plans to utilize the funds to enhance enterprise features, expand our workforce and payroll product suite to better serve hospitality brands, and fortify our balance sheet for future acquisitions and sustained organic growth.
Restaurant365 has expanded its all-in-one platform over the past year, introducing new features such as tip automation, task management, restaurant intelligence dashboards, and Capture AI. These additions enhance the platform’s capabilities and provide users with advanced tools for invoice management. By leveraging integrations and open APIs, the company can seamlessly connect with various systems, such as POS providers, vendors, and banks.
The company, which also has an office in Austin, Texas, recently acquired ExpandShare, an AI-powered learning management system designed to deliver and track restaurant training content.
About Restaurant365
Under the leadership of CEO Tony Smith, Restaurant365 has created a comprehensive cloud-based solution tailored to meet the specific needs of restaurants. This solution includes accounting, inventory management, scheduling, payroll, and HR functionalities. Our restaurant enterprise management software streamlines day-to-day operations for operators, empowering them to efficiently manage food costs and optimize labor.
