The funding is being led by ICONIQ Growth, with KKR and L Catterton also participating, all existing backers of the company.
This article first appeared in Axios Pro Rata.
Restaurant365, an Irvine, Calif.-based provider of restaurant management software, raised $175m. Iconiq Growth led, and was joined by fellow insiders KKR and L Catterton.
“Restaurant365’s growth is a testament to their ability to create powerful solutions that bolster operations, improve margins and empower the workforce at restaurant companies of all sizes,” said Will Griffith, Founding Partner of ICONIQ Growth. “We’re honored to participate in this incredible opportunity to help the restaurant industry succeed in a way that once seemed impossible.”
Read more in Axios Pro Rata.
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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.
