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TouchBistro said May 31 that it raised C$16.3 million ($12.1 million) in Series C funding led by Napier Park Financial Partners and Recruit Holdings Co Ltd. Existing investors including BDC IT Venture Fund, Relay Ventures and Kensington Capital Partners also participated. TouchBistro is an iPad mobile point of sale app for restaurants. TouchBistro is the top-grossing iPad POS app in 37 countries. In the last year, the company has grown its recurring monthly revenue by 150 percent and deployed more than 15,000 iPads in over 9,000 restaurants around the world. TouchBistro POS solutions process Gross Merchandise Volumes of almost US $5 billion annually. TouchBistro is used by thousands of restaurants world-wide and is perfect for all foodservice business types including restaurants, bars, cafes, breweries, food trucks, and quick service restaurants. It has been named by Business Daily News as the 2017 Best POS for Restaurants, for the third consecutive year. The TouchBistro app has been ranked as the top-grossing food and beverage app in 37 countries on the Apple® App Store(SM). TouchBistro has revolutionized restaurant operations. With just a tap, servers can enter table-side orders and send them directly to the kitchen for preparation without running back and forth. Food pictures, allergen information, and forced modifiers that tell serving staff what to upsell and list food preparation variations are all at the server’s fingertips, eliminating guesswork, errors or missed opportunities. Secure, integrated EMV payments can also be taken at the table. With TouchBistro’s patented design, even complex actions like bill splitting or combining orders from different seats require only a tap or swipe. Recruit is a global company with more than 45,000 employees, 1,839 billion JPY (US $16.5 billion) in annual revenue and more than 200 brands, including Hot Pepper Gourmet, the largest restaurant coupon and reservation service in Japan, with 100,000+ restaurants. Read original article |
