How Much Did Restaurant365 Raise? Funding & Key Investors

Restaurant365 has successfully raised funding over five rounds, with notable investors including Kohlberg Kravis Roberts (KKR) and L Catterton. The platform offers comprehensive solutions for accounting, inventory, scheduling, and payroll, tailored specifically for the restaurant industry.

Keep reading to explore the intricacies of Restaurant365's fundraising journey and the investors backing this innovative platform.

What Is Restaurant365?

Restaurant365 is a comprehensive restaurant management software platform based in Irvine, California. It integrates accounting, inventory, workforce management, payroll, and HR functionalities, leveraging AI to automate routine tasks and improve operational efficiency.

Founded in Irvine, California, Restaurant365 employs between 501 and 1000 people. The company serves various types of restaurants, including small businesses, franchise brands, and multi-location groups, helping them reduce costs and streamline operations.

How Much Funding Has Restaurant365 Raised?

1. Private Equity Round
   • Amount Raised: USD 175,000,000
   • Date: May 2024
   • Lead Investors: ICONIQ Growth
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the product suite and customer base, including potential future acquisitions.
2. Private Equity Round
   • Amount Raised: USD 135,000,000
   • Date: May 2023
   • Lead Investors: Kohlberg Kravis Roberts, L Catterton
   • Valuation at Round: Over USD 1 billion
   • Motivation Behind the Round: To continue growth and expansion.
3. Series C Round
   • Amount Raised: USD 88,000,000
   • Date: June 2019
   • Lead Investors: ICONIQ Growth
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale the business and enhance product offerings.
4. Series Unknown Round
   • Amount Raised: USD 19,500,000
   • Date: December 2018
   • Lead Investors: Bessemer Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support business growth and product development.
5. Series Unknown Round
   • Amount Raised: USD 20,000,000
   • Date: January 2018
   • Lead Investors: Bessemer Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance operational capabilities and expand market reach.

Total Amount Raised: USD 437,500,000. Current Valuation: Not publicly disclosed.

Key Investors

• ICONIQ Growth
  • Details: ICONIQ Growth is a leading investor in Restaurant365, participating in multiple private equity rounds. Will Griffith, a founding partner at ICONIQ Growth, is actively involved in the investment.
  • Investment Focus Areas: Technology, enterprise software, growth-stage companies.
  • Notable Investments: Restaurant365, Snowflake, Uber.
• Kohlberg Kravis Roberts (KKR)
  • Details: KKR is a global investment firm that has invested in Restaurant365. The firm is known for its significant investments in high-growth companies.
  • Investment Focus Areas: Private equity, infrastructure, real estate.
  • Notable Investments: Restaurant365, ByteDance, Epicor Software.
• L Catterton
  • Details: L Catterton is a consumer-focused private equity firm that has invested in Restaurant365. The firm participated in the recent $175 million funding round.
  • Investment Focus Areas: Consumer brands, retail, healthcare.
  • Notable Investments: Restaurant365, Peloton, Vroom.
• Bessemer Venture Partners
  • Details: Bessemer Venture Partners is a venture capital firm that has invested in Restaurant365. The firm has a long history of investing in early-stage companies.
  • Investment Focus Areas: Cloud computing, cybersecurity, healthcare.
  • Notable Investments: Restaurant365, LinkedIn, Pinterest.

What's Next for Restaurant365?

Restaurant365 is poised to capitalize on the burgeoning U.S. restaurant industry, which is expected to surpass $1 trillion in sales. By expanding its suite of products and targeting major hospitality brands, the company aims to significantly increase its customer base and market share. Future acquisitions are also on the horizon, enhancing its offerings and capabilities.

With supportive investors and earmarked funds, Restaurant365 is well-positioned for additional fundraising rounds. However, the company faces challenges in a competitive market, needing to continuously innovate to stay ahead of rivals like Toast and Lightspeed. Addressing complex restaurant operations, such as reducing food waste and managing labor, will be crucial for sustained growth.

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