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TouchBistro, a provider of point-of-sale technology for restaurants, has raised CDN$17 million (USD$13 million) in a Series B round led by BDC IT Venture Fund, with participation from Round13 Capital, Huff Capital, Relay Ventures, and Kensington Capital Partners.
Founded in 2011, New York-headquartered TouchBistro offers iPad point-of-sale (POS) apps and analytics for cafes, bars, restaurants, food trucks, and anyone operating in the food-and-drink realm. Available in 37 countries, TouchBistro enables servers to take customer orders and beam them straight to the kitchen / bar. Additionally, the app can calculate and split bills based any way a customer requests, integrate with third-party card terminals and mobile wallets, and provide sales analytics and reports.
Previously, TouchBistro had raised around USD$10 million, and it says it will use its new cash injection to expedite its growth. “This latest round of funding enables us to further amplify our growth by expanding our focus on sales and marketing, and by building out our POS platform through new partnerships with industry leaders and by integrating innovative features that deliver value to restaurants,” said Alex Barrotti, founder and CEO of TouchBistro.
Today’s news comes soon after Square announced it was integrating with TouchBistro’s tech, and it comes hot on the heels of a sprinkling of investments across the culinary-tech space. Earlier this week, SimpleOrder announced a $2.75 million round to help restaurants cut costs and waste throughout its supply chain, while Velocity recently nabbed $22.5 million for its short-notice premium restaurant booking app. Elsewhere, BevSpot raised $11 million for its suite of mobile tools that let catering establishments manage their alcohol inventory and invoicing, and AppFront closed a small $1.5 million round to help automate online bookings using chatbots.
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