SynergySuite, the global leader in back-of-house restaurant technology, recently received a combined $7 million raise from equity and debt from new partner LAGO Innovation Fund, as well as existing investors First Analysis and Oyster Capital.
The restaurant industry has undergone tremendous challenges to profitability and success during the last 18 months, and SynergySuite is well positioned to address the needs of the market. SynergySuite’s restaurant management software allows enterprise restaurants to reduce food and labor costs, improve operations, and gain visibility across their business.
The raise allows SynergySuite to strengthen its position in the market during a critical time for the industry. LAGO Innovation Fund saw that investing at this key moment would drive an innovative product and position SynergySuite for long-term growth.
Heather La Freniere, LAGO Co-Founder and Managing Partner, said, “...We see SynergySuite changing the enterprise restaurant market with technology that transforms the way operations are run.”
Existing SynergySuite investors First Analysis and Oyster Capital also contributed to the raise.