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Restaurant365 Secures $175M in Latest Funding Round

Restaurant365 Secures $175M in Latest Funding Round
Restaurant365 Secures $175M in Latest Funding Round

Restaurant365, an Irvine, CA-based restaurant enterprise management platform, raised $175M in funding.

The round was led by ICONIQ Growth with participation from KKR and L Catterton.

The funds will be used to expand enterprise features, enhance the payroll product suite, and support future acquisitions.

Led by CEO Tony Smith, Restaurant365 offers a cloud-based solution for accounting, inventory, scheduling, payroll, and HR needs in the restaurant industry.

Recently, the company added features like tip automation, task management, and machine learning-based invoice management, enhancing its all-in-one platform. It also acquired ExpandShare to boost its training capabilities.

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