Restaurant365, a restaurant enterprise management software company, has agreed to a $135-million funding round co-led by global investment firms KKR and L Catterton with participation from current investors including ICONIQ Growth and Bessemer Venture Partners.
CEO of Irvine, CA-based Restaurant365 Tony Smith expressed gratitude for the privilege of receiving the funding: “Having recently crossed exciting milestones of $100 million in revenue and $1 billion in value, we can’t wait for what’s next.”
The investment is from KKR’s Tech Growth strategy and L Catterton’s Growth Fund. Director at Tech Growth Jimmy Miele commented on Restaurant365’s success: “They have demonstrated compelling growth throughout their history now powering more than 40,000 restaurant locations – playing an essential role in helping many operators keep their doors open during uncertain times.”
