TouchBistro Raises $54M
TouchBistro raised $54 million in Series D financing.
The new funds will be used to support development of the next generation TouchBistro restaurant operating system, development of new payment solutions, expansion into new and existing markets, and to double the size of the team over the next year. This latest round brings TouchBistro’s total funding to date to $88 million.
TouchBistro is an award-winning iPad POS built from the ground up to work as the heart of a restaurant’s operations. It streamlines and simplifies all aspects of running a restaurant – from order taking, payment processing, menu management, accounting, reporting, inventory management, and staff scheduling, to customer loyalty. More than 12,000 restaurants in over 100 countries use the POS today and the company has grown its recurring monthly revenue by 58 percent over the last year. TouchBistro POS solutions process more than $6 billion annually.
The round was led by OMERS Ventures and JPMorgan Chase, with participation from existing investors, including Napier Park Financial Partners, Recruit Holdings Co, Ltd,BDC IT Venture Fund, and Relay Ventures.