Savory Fund
1557 W Innovation Way, #150, Lehi, Utah, 84043, United States
Overview
They are people investors first well before they invest into brands, properties and growth. At Savory, they’re restaurant operators at the core and have done anything and everything that their partners and restaurateurs have done and are doing on a daily basis. They love the industry and have built a team of veterans with diverse backgrounds to help each of their companies succeed in any market. They look forward to working with other beloved brands and helping them realize their desire to become a legacy brand in the future.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 5
Investment portfolio
- 86 Repairs
Participated · Series A · Jul 2022
86 Repairs provides a repair and maintenance management platform built for the restaurant industry. It offers restaurants and other commercial kitchen operators 24/7/365 support for on-demand repair management, preventative maintenance programs, and data-driven insights on repair and maintenance spend. The company manages the repair and maintenance process for more than 2,000 restaurant operators across the U.S. and Canada, from upscale full-service restaurants to quick-service franchised brands. Notable customers include Boka Restaurant Group, Castellucci Hospitality Group, 4 Rivers Smokehouse, and quick-service brands such as McDonald’s, Jimmy John’s, Sonic Drive-Ins, and Taco Bell. Led by co-founder and CEO Daniel Estrada, 86 Repairs intends to use new funding for product innovation and expansion of the business. The company raised a $15.2M Series A to support growth and product development. 86 Repairs provides a platform that automates the end-to-end repair and maintenance process for restaurants, offering actionable insights to improve back-of-house operations. Led by co-founder and CEO Daniel Estrada, the company's solutions are used by multi-unit groups such as Castellucci Hospitality Group, 4 Rivers Smokehouse, and Peas and Carrots Hospitality, and by brands including McDonald’s, Jimmy John’s, Sonic Drive-Ins, and Famous Dave’s. The product focuses on streamlining repairs and maintenance workflows to reduce downtime and operational friction in kitchens. The company plans to use new funding to scale product innovations and accelerate growth. Financially, 86 Repairs has raised $8.8M to date after the latest $5.3M financing that brought the current round to $7.3M. Investors in the recent financing include TDF Ventures, Gordon Food Service, MATH Venture Partners, Revolution, and Cleveland Avenue. 86 Repairs operates a subscription service that manages the entire end-to-end repair process for restaurant equipment. The platform aggregates repair data and provides actionable insights into which equipment is breaking, expected repair costs, and the cost of labor and parts. Its solution is used to improve back-of-house operations for multi-unit restaurant groups and large brand operators. Since launching in 2018, the company has partnered with more than 700 restaurant locations. 86 Repairs was founded by Joe Gallagher and Daniel Estrada and is based in Chicago, IL. The company plans to use new funding to accelerate growth and product development. 86 Repairs provides a subscription service that manages the entire repair and maintenance process for restaurant groups. Its offering includes 24/7 support from an expert team, actionable insights to improve back-of-house operations, and end-to-end management of service work. The company is building a proprietary software platform to coordinate repairs and track performance. 86 Repairs plans to use newly raised funds to accelerate sales and marketing and to continue developing its software platform. It intends to expand operations in Detroit and Chicago. The company secured $1.5M in funding to support these initiatives.