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 his gratitude for the privilege of receiving this 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. Jimmy Miele (Director at Tech Growth at KKR) praised Restaurant365’s impressive growth trajectory: “They have powered more than 40,000 restaurant locations throughout their history – playing an integral role in helping many struggling operators keep their doors open during uncertain times.”
This latest round marks yet another milestone for Restaurant365 as they continue on their journey towards success.
