TouchBistro is an iPad-based restaurant management platform serving restaurants with tools to manage their operations. The company secured $110 million in growth financing from Francisco Partners. The capital will be used to accelerate growth, expand its product pipeline and pursue strategic acquisitions. The financing is described in the article as growth financing and was reported in TechCrunch's Daily Crunch. The raise is intended to fund both product development and inorganic expansion plans. TouchBistro is an iPad POS and integrated payments solution built specifically for the restaurant industry. More than 16,000 restaurants in over 100 countries use its platform, which processes over US$11 billion annually. The product handles order taking, payment processing, menu management, accounting, reporting, inventory management, staff scheduling, and customer loyalty. TouchBistro emphasizes software automation, predictive data insights, and seamless access to financial services through partnerships. The company plans to use the new funds to acquire complementary products, support technology development, expand international markets, and grow its team. It offers in-depth training and free 24/7 technical support and maintains offices in Toronto, New York, Austin, Chicago, London, and Mexico City. TouchBistro offers an iPad POS that serves as the core of a restaurant’s operations, handling order taking, payments, menu management, accounting, reporting, inventory, scheduling and loyalty. Led by founder and CEO Alex Barrotti, the company serves more than 12,000 restaurants in over 100 countries and processes more than US$6 billion annually. The company is based in Toronto and also maintains offices in New York, Austin, Chicago, London and Mexico City. TouchBistro plans to use new funding to develop its restaurant operating system, build new payment solutions, expand into new and existing markets, and double the size of its team over the next year. The product is positioned as an all-in-one operational platform for restaurants, integrating both front-of-house and back-office functions. TouchBistro offers an iPad POS app that lets servers enter table-side orders, send them directly to the kitchen, and accept integrated EMV payments. The product targets restaurants, bars, cafes, breweries, food trucks and quick service restaurants to increase sales and improve customer experience. The app is deployed in over 9,000 restaurants across 37 countries. TouchBistro plans to use its new capital to enhance and expand the feature set of its mPOS solution and to facilitate expansion into global markets. The company is led by founder and CEO Alex Barrotti and has offices in New York, Toronto, Chicago and Austin. Financially, TouchBistro has raised CDN$16.3M in this Series C and has raised CDN$45.3M in total funding to date. TouchBistro offers an iPad POS app and full reporting suite for the food and drink industry, serving full-service and quick-service restaurants, food trucks, coffee shops and bars. Servers use the app to take tableside orders that are instantly transmitted to the kitchen and bar; bills can be split and totals transferred electronically to integrated card keypads or mobile wallets. The company has deployed approximately 15,000 terminals across 6,000 restaurants worldwide and processes gross merchandise volumes in excess of $4 billion annually. Recent product moves include launches in Spanish and French and integrations with QuickBooks and Square. Led by founder and CEO Alex Barrotti, TouchBistro plans to use its new funding to expand sales and marketing and to build out its POS platform through partnerships and new features. The company has raised $30m in total funding to date.

Total raised

$320M

Funding rounds

8

Latest round

Equity

Latest activity

Nov 2022