Ziosk, the Dallas, Texas-based creator of an ordering, entertainment and pay-at-the-table tablet for the restaurant industry, closed a loan facility of up to $100m.
CapX Partners provided the financing.
The funds will be used to support agreements with Olive Garden and other restaurant brands to deploy Ziosk tablets across the U.S. When the Olive Garden deployment is complete, over 150,000 tablets in 3,000 locations will be interacting with more than 50 million guests per month.
Led by Chairman and Co-Founder Jack Baum, Ziosk provides a technology platform for the restaurant industry. The flagship product is the Ziosk tabletop tablet that enhances the dining experience for several audiences. It gives guests more control over payment, entertainment and information.
Olive Garden, a division of Darden Restaurants, Inc., which owns and operates more than 1,500 restaurants that generate over $6.8 billion in annual sales, is an Italian restaurant brand in the casual dining segment. Singularly, it has more than 840 restaurants, 96,000 employees and more than $3.8 billion in annual sales.