Thursday, November 30, 2023

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Restaurant365 lands $135m funding at unicorn valuation

US-based restaurant enterprise management software, Restaurant365, has raised $135 million in a funding round, bringing its valuation to over $1 billion, making it a unicorn. The funding will be used to enhance its product offering and expand its market share.


  • Restaurant365 has secured $135 million in a funding round co-led by KKR and L Catterton, raising its valuation to over $1 billion.
  • The funding round has made Restaurant365 a unicorn, a term used for startups valued at $1 billion or more.
  • Existing investors ICONIQ Growth and Bessemer Venture Partners also participated in the funding round.
  • Founded in 2011 and based in Irvine, California, Restaurant365 offers a comprehensive back office solution for restaurants, including cloud-based accounting, inventory management, scheduling, payroll, and HR.
  • The software allows restaurants to integrate with other systems like point-of-sale (POS) providers, vendors, and banks.
  • Restaurant365’s software aims to provide restaurants with a holistic view of their businesses, enabling them to increase sales, control food costs, and optimize labor.
  • The newly raised funds will be utilized to improve Restaurant365’s product offering and expand its market share. The company currently serves over 40,000 restaurant locations and has surpassed $100 million in revenue.

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