TouchBistro, a Toronto, Canada-based restaurant management platform transforming the restaurant category, announced that it completed CAD$150 million in growth financing.
The investment came from Francisco Partners (“Francisco”), a leading global investment firm that specializes in partnering with technology businesses.
TouchBistro will use the funds to accelerate the company’s growth initiatives, including expanding product offerings, core services, and strategic acquisitions as it continues to meet the evolving needs of its customers.
“Our industry-leading technology, optimized business model, and uncompromising focus on our customer experience have us well-positioned to accelerate our growth in the vast restaurant and hospitality sector throughout North America and beyond. Francisco Partners shares our enthusiasm about the growth potential for TouchBistro and our customers,” says Samir Zabaneh, CEO, and Chairman of TouchBistro. “In addition to providing us with access to capital, Francisco Partners also has significant domain expertise and industry connections that will enhance and accelerate our growth trajectory and acquisition plans.”
Over the past decade, TouchBistro has evolved from an award-winning restaurant point-of-sale solution to a comprehensive restaurant management system that streamlines and simplifies every aspect of running a restaurant on a single platform.
From reservations, online ordering, payment processing, menu and inventory management, to accounting, staff scheduling, and marketing, TouchBistro enables restaurants to increase profitability and efficiency and improve the overall customer experience.
Company: TouchBistro Inc.
Raised: CAD$150.0M
Round: Growth Financing
Funding Month: November 2022
Lead Investors: Francisco Partners
Additional Investors:
Company Website: https://www.touchbistro.com/
Software Category: Restaurant Management System
About the Company: TouchBistro was founded in 2010 with one mission: to provide restaurateurs with innovative technology that makes running a restaurant easier. TouchBistro is an award-winning restaurant management system that makes running a restaurant easier by providing comprehensive services, including POS and customer engagement solutions on a single platform. Over the past two years, TouchBistro has enriched its platform by integrating automated marketing and customer relationship management functionality. The platform now incorporates online ordering, delivery management, contactless payments, and other customer engagement tools. TouchBistro also expanded its executive team with highly experienced leaders to take the company to the next level. TouchBistro helps restaurateurs streamline and simplify their operations, increase sales, and deliver a great guest experience.
TouchBistro is deployed in more than 16,000 restaurants located in over 100 countries, with a combined gross sales volume of over $14 billion.
Source: https://www.touchbistro.com/press-releases/touchbistro-raises-150-million-from-francisco-partners-to-accelerate-growth-and-pursue-strategic-acquisitions-2/