The company will fuel product innovation and invest in acquisitions with its fresh capital.
This article first appeared in BuiltIn.
Restaurant365, a restaurant enterprise management platform, recently announced a $175 million funding injection led by ICONIQ Growth. The company offers a cloud-based platform developed specifically for restaurants, integrating accounting, inventory, scheduling, payroll and HR solutions to streamline daily management and optimize operations.
The company’s software connects with various systems including POS providers, vendors and banks to provide a comprehensive view of a restaurant’s business. Restaurant365 recently acquired ExpandShare to enhance its solution. The platform is an AI-powered learning management system that delivers restaurant training content.
Restaurant365’s latest investment follows a period of significant growth as the company surpassed its sales targets for 12 consecutive quarters. The capital will go toward expanding Restaurant365’s enterprise features and enhancing its workforce and payroll product suite. Additionally, the funding will enable future acquisitions and support organic growth.
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Restaurant365 bridges the gap between accounting and operations by centralizing all data, helping restaurant operators to become more efficient, accurately forecast, and tackle any challenge or opportunity with speed and accuracy.
