TouchBistro Raises CDN$16.3M in Series C Financing

TouchBistro, a Toronto, Canada-based an iPad mobile point of sale (mPOS) for restaurants, raised CDN$16.3m in Series C funding.

The round was led by Napier Park Financial Partners and Recruit Holdings Co, with participation from existing investors BDC IT Venture Fund, Relay Ventures, and Kensington Capital Partners. In conjunction with the funding, Daniel Kittredge, Managing Director at Napier Park, will join TouchBistro’s Board of Directors while Mizuho Hiraguri from Recruit Holdings will join the TouchBistro Board of Directors as an observer.

The company, which has raised CDN $45.3 total funding to date, intends to use the capital to enhance and expand the feature set in the TouchBistro iPad mobile restaurant point-of-sale (mPOS) solution, and to facilitate expansion into global markets.

Led by Alex Barrotti, founder and CEO, TouchBistro is an iPad POS app for restaurants, bars, cafes, breweries, food trucks, and quick service restaurants to increase their sales, improve the customer experience, and make informed decisions to grow their business. Servers can enter table-side orders and send them directly to the kitchen for preparation without running back and forth. Integrated EMV payments can also be taken at the table.

The app is deployed in over 9,000 restaurants in 37 countries around the world.

TouchBistro has offices in New York, Toronto, Chicago, and Austin.



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