How Much Did Restaurant365 Raise? Headquarters, Funding & Key Investors

Restaurant365, founded in 2011 and headquartered in Irvine, United States, has raised a total of $283 million across three funding rounds, reaching a $1 billion valuation in May 2023. The company secured $40 million in Series A (2018), $48 million in Series B (2019), and $175 million in Series C (2023) led by Iconiq Capital. With 163 employees, Restaurant365 provides all-in-one restaurant management software for inventory, accounting, recipe costing, and franchise operations, helping foodservice businesses streamline workflows and boost profitability.

How Much Did Restaurant365 Raise? Funding & Key Investors

Restaurant365 has raised significant capital across multiple funding rounds, most recently securing $175 million in Series C funding on May 19, 2023, led by Iconiq Capital, achieving a $1 billion valuation. Founded in 2011, Restaurant365 specializes in restaurant management solutions, providing integrated software for order processing, inventory tracking, catering, recipe costing, and franchise management.

What Is Restaurant365 and What Does It Do?

Restaurant365, founded in 2011 and headquartered in Irvine, United States, the company offers an integrated platform that helps restaurants and franchisees manage all aspects of operations, including orders, inventory, catering, recipe costing, accounting, and financial reporting.

With a workforce of 163 employees as of December 31, 2020, Restaurant365 enables foodservice businesses to streamline workflows, optimize operations, and enhance financial visibility. In May 2023, the company raised $175 million in Series C funding, bringing its total funding to $283 million and achieving a $1 billion valuation, which reflects strong investor confidence in its comprehensive restaurant management solutions.

How Much Funding Has Restaurant365 Raised?

1. Series A

Amount Raised: $40 million
Date: January 2018
Lead Investors: Bessemer Venture Partners
Motivation - This round fueled product growth, team expansion, and early market adoption.

2. Series B

Amount Raised: $48 million
Date: January 2019
Lead Investors: Bessemer Venture Partners
Motivation - Enabling platform enhancements, market expansion, and stronger customer support.

2. Series C

Amount Raised: $175M
Date: May, 2023
Lead Investors: Iconiq Capital
Motivation: To expand product offerings, scale customer base, and enhance operational and financial management tools for restaurants.

Total Funding Raised: $283 Million

Current Valuation: $1 Billion (as of May 2023)

Latest Funding Date: May 2023

Key Investors

1. Golub Growth

Details: Growth equity firm focused on technology and service businesses.
Investment Focus Areas: Software, SaaS, food tech.
Notable Investments: Pluralsight, Ping Identity, Avalara, Templafy..

2. Iconiq Capital

Details: Investment firm backing high-growth tech and SaaS companies.
Investment Focus Areas: Technology, software, platforms.
Notable Investments: TinyFish, Anthropic, Rillet, Snowflake, Uber..

Where Is Restaurant365’s Headquarters?

Restaurant365 is headquartered in Irvine, United States, providing access to restaurant networks, technology talent, and enterprise software expertise in foodservice operations.

What’s Next for Restaurant365?

Following its $175 million Series C funding, Restaurant365 plans to expand platform features, grow its customer base, and enhance integrated solutions for restaurant and franchise management.

With strong investor backing, Restaurant365 is positioned to remain a leading provider of end-to-end restaurant management software.

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