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10/18/2021

ResQ Raises $39MM in Funding

The restaurant repair & maintenance platform helps restaurant operators manage maintenance operations to reduce expenses and retain more revenue.
Anna Wolfe
Senior Editor - Restaurants
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ResQ, the all-in-one technology platform helping restaurants streamline repair and maintenance operations, has raised $39MM in Series A funding.

ResQ enables restaurants to submit, manage, and pay for repairs and maintenance on a single platform while ensuring high quality and cost-effective work through a curated marketplace of service providers. Amid the restaurant industry's hiring crisis and increased operating costs, ResQ alleviates much of the pressures of labor shortage and cost inflation by reducing time spent on managing repairs and maintenance by 70 percent and driving down repair and maintenance costs. This gives restaurant operators time and resources back so they can focus on building great teams, creating new culinary experiences, and serving guests.

The company has raised a total of $48MM to date and is a fast growing restaurant repair and maintenance platform.  Since its seed round announcement made in June 2021, ResQ's customer base grew from seven states to 36 in the US. With the new capital, ResQ plans to grow its team by 400% to double down on its mission to empower restaurants and service providers to streamline repair and maintenance operations.

This raise is co-led by Tiger Global and Canvas Ventures. Mike Ghaffary from Canvas Ventures and former CEO of Yelp-Eat24, and Nilam Ganenthiran, former President of Instacart will be joining ResQ's Board of Directors.