# Hazlnut

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hazlnut

- Industry: Software
- Headquarters: Jacksonville, US
- Website: www.hazlnut.com
- Total disclosed funding: $3.2M
- Latest round: Series A (Nov 9, 2021)
- Investors on record: 2

## About

Hazlnut LLC is a digital solutions provider dedicated to enhancing the restaurant industry through innovative technology. Their offerings focus on improving operational efficiency and customer engagement for restaurateurs.Founded in 2016, Hazlnut LLC specializes in developing an integrated digital ecosystem tailored for restaurateurs. The company is headquartered in Jacksonville, US. The co-founders, Richard Sikes and Steven Edwards, have leveraged their expertise in technology to drive the company’s focus on innovative solutions. In November 2021, Hazlnut raised USD 3.000 mn in Series A funding, led by Atlanta Ventures, which significantly contributed to their total amount raised of USD 3.000 mn. The company has successfully completed 2 investment deals to date, with its most recent deal occurring in November 2021.Hazlnut offers a comprehensive digital ecosystem designed specifically for today's restaurateurs, integrating seamlessly with point-of-sale (PoS) systems. Their core product offerings encompass custom-branded mobile applications, online ordering platforms, self-ordering kiosks, and AI-driven phone automation services. These solutions aim to streamline the ordering process, enhance customer engagement, and reduce operational bottlenecks. Hazlnut's clientele primarily includes local, independent, and regional restaurant brands, which benefit from its user-friendly interfaces that facilitate a better ordering experience. The company operates in various geographical markets, focusing on regions with vibrant dining cultures where restaurants seek innovative solutions to remain competitive against third-party delivery services and changing customer expectations.Hazlnut's revenue model revolves around subscription-based services and partnerships with its restaurant clients. The company's offerings, particularly their mobile apps and self-ordering kiosks, operate on a pricing structure that involves monthly fees, transaction-based charges, or one-time setup costs, tailored to the needs of each restaurant. Each restaurant pays for a customized ordering platform that aligns with its brand, along with associated services like menu management and customer support. Revenue is generated through these recurring fees and any additional features or upgrades that clients may choose to implement, fostering long-term relationships within the restaurant industry. Specific pricing details for individual products and services reflect the company’s commitment to providing tailored solutions that address unique operational needs.In November 2021, Hazlnut LLC raised USD 3.000 mn in Series A funding, which will be utilized to fill key roles such as Head of Software Engineering, Sales Director, and Director of Marketing. The company plans to grow their sales, service, and engineering teams to support future growth initiatives. Hazlnut is also focused on expanding its presence into new geographic regions, specifically targeting areas with a high density of dining establishments where their services can provide competitive advantages. This expansion is aimed at enhancing their market footprint in the dining industry as they continue to innovate and improve their product offerings.

## Funding rounds

- Series A, Nov 9, 2021, $3M — PS27 Ventures, Atlanta Ventures
- Seed, Sep 23, 2018, $0.2M — PS27 Ventures

## Investors

- PS27 Ventures (https://capitalatlas.ai/funds/ps27-ventures) — Seed, Series A
- Atlanta Ventures (https://capitalatlas.ai/funds/atlanta-ventures) — Series A