# Restaurant365

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/restaurant365

- Industry: Software
- Headquarters: Irvine, US
- Website: www.restaurant365.com
- Total disclosed funding: $20M
- Latest round: Series A (Jan 18, 2018)
- Investors on record: 1

## About

Restaurant365 is a US-based company that specializes in providing an all-in-one restaurant management software platform, enhancing operational efficiency for various restaurant types.Founded in 2017 in Irvine, California, Restaurant365 offers a comprehensive software solution for restaurant management, focusing on accounting, inventory management, workforce management, and payroll. The company has successfully executed six deals, with the latest funding round occurring on May 15, 2024, raising USD 175 mn led by ICONIQ Capital and supported by KKR and L Catterton. The founders of the company include John Moody, Morgan Harris, Peregrine Lewis, and Tony Smith, with Tony Smith currently serving as the CEO.Restaurant365 provides an integrated restaurant management software platform that includes solutions for accounting, inventory management, payroll, workforce management, and human resources. The platform automates tasks such as daily sales and labor journal entries, inventory tracking, and employee scheduling, catering to a diverse clientele of over 40,000 restaurants across the United States and expanding into international markets.Restaurant365 operates on a subscription-based revenue model, offering various service tiers that enable clients to select features that best meet their operational needs. Revenue is generated through annual or monthly subscriptions, with integrations available for over 400 vendors and service partners, ensuring that both small restaurants and larger multi-location chains can find suitable offerings. Key products, particularly in accounting and inventory management, are crucial for client engagement and operational efficiency.In May 2024, Restaurant365 secured USD 175 mn in venture funding aimed at expanding enterprise features and enhancing its workforce and payroll product suite. The company plans to strengthen its balance sheet and pursue future acquisitions to facilitate growth. Specific new products are under development, and Restaurant365 is targeting expansion into additional geographic regions to broaden its market reach.

## Funding rounds

- Series A, Jan 18, 2018, $20M — Bessemer Venture Partners

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A