TouchBistro Raises $120 Million

TouchBistro announced that it has raised $119 million  in Series E funding. 

The funds will be used by TouchBistro to acquire complementary products that broaden the company’s capabilities, support the development of technology advancements, expand its presence in international markets, and increase the size of its team over the next year.

The round was led by OMERS Growth Equity with participation from Barclays Bank, RBC Ventures, BMO Capital Partners, and existing investors including OMERS Ventures, JPMorgan Chase, Napier Park Financial Partners, BDC IT Venture Fund, and Kensington Capital Partners. 

More than 16,000 restaurants in over 100 countries use the TouchBistro iPad POS and payments solution.