HomeUSARestaurant365 Raises $135M in Funding

Restaurant365 Raises $135M in Funding



Restaurant365, an Irvine, CA-based provider of a restaurant enterprise management software platform, raised $135M in funding surpassing $1B valuation.

The round was co-led by KKR and L Catterton with participation from current investors, including ICONIQ Growth and Bessemer Venture Partners.

The company intends to use the funds into product enhancements to ensure its Accounting, Store Operations, Workforce, and Intelligence product suites continue to meet the evolving needs of the restaurant industry, while also expanding its market share.

Led by CEO Tony Smith, Restaurant365 is a provider of a cloud-based accounting, inventory, scheduling, payroll, and HR solution developed specifically for restaurants. Its restaurant enterprise management software simplifies day-to-day management for operators, allowing users to control food costs and optimize labor. Integrations and open APIs enable Restaurant365 to connect with other systems including POS providers, vendors, and banks. The result is accurate, timely reporting that provides a clear and complete view of their businesses.

The company is based in Irvine, California with an office in Austin, Texas.