TouchBistro just eat
Latest Round Includes Investments From Kensington Capital Partners, Relay Ventures, And Difference Capital; Just Eat Joins As A Strategic Investor Toronto And New York – April 14, 2015 – Touchbistro Today Announced That It Has Closed $6 Million In Series A Funding From Kensington Capital Partners, Relay Ventures, Difference Capital, and a new strategic investor JUST EAT, among others. This latest round brings TouchBistro’s total funding to date to approximately $12M.
Included in this round of funding is a strategic investment from UK-based JUST EAT – the world’s leading online marketplace for restaurant delivery with 45, 700 outlets and over 8M active users. TouchBistro and JUST EAT will enhance their respective offering to restaurants to better integrate online orders with the restaurant point-of-sale (POS) system.
TouchBistro has also hit a major growth milestone, with customers now transacting over $1B annually through the TouchBistro mobile POS solution.
“We will take TouchBistro’s global expansion to an entirely new level with this latest round of funding, ” says Alex Barrotti, CEO of TouchBistro. “We are delighted to have the continued support of our previous investors for our latest round, and are particularly excited to have JUST EAT involved as a new strategic investor. We believe that TouchBistro and JUST EAT individually provide restaurants with great services, but that an integrated solution makes for a much better customer experience.”
“TouchBistro offers a level of customer focus with comprehensive yet simple-to-use point of sale features that are exactly what food service providers need to streamline operations and ensure their customers love their takeaway experiences, ” says Todd Masse, Managing Director at JUST EAT Canada. “We are enthusiastic about introducing TouchBistro to our restaurant customers across the globe that share this mission.”
TouchBistro is a leading provider of innovative iPad mobile point-of-sale (POS) solutions for the food and drink industry, including full service restaurants, quick service restaurants, food trucks, coffee shops, bars, universities, and hospitality venues. In the last year TouchBistro has opened an office in New York, almost tripled its customer base, was recognized as the top grossing food and beverage app on the iTunes App Store in 33 countries, collaborated with some very successful consumer services including OpenTable and Uber, and has established itself as a trend leader in the deployment and adoption of mobile payments such as PayPal Pay-at-Table and Apple Pay.
According to the 2015 POS Software Trends Report poll of restaurant operators about the major business drivers influencing POS technology, more than half want a solution that can accept new mobile payment options. Restaurateurs also want mobile POS solutions, rather than static, hardwired POS terminals, due to the demand from device-minded customers.
