# Salido

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

- Industry: Software
- Headquarters: New York, US
- Website: www.salido.com
- Total disclosed funding: $14M
- Latest round: Series A (May 8, 2018)
- Investors on record: 13

## About

Salido, Inc. is a New York-based company that offers a comprehensive restaurant point of sale (POS) system, designed to enhance operational efficiency for various dining establishments.Established in 2012 and headquartered in New York, Salido, Inc. specializes in providing integrated software solutions for the restaurant industry. The company has participated in four deals, with its latest funding round being a Series A in September 2020, where it raised USD 12.00 mn led by First Data Ventures. Salido was acquired by North American Bancard, LLC in September 2020.Salido’s core offerings comprise a comprehensive restaurant point of sale (POS) system designed to streamline operations for various types of dining establishments, including full-service, casual, upscale casual, and fine dining. The SALIDO platform integrates front-of-house and back-of-house operations, facilitating efficient management of orders, payments, menu items, and reporting all within a single interface. Critical features include real-time access to analytics, customizable floor plan management, and inventory control, enhancing decision-making and operational efficiency for restaurant owners. The target clientele includes both single-unit and multi-unit restaurant operators, aiming to simplify their operational workflows and improve customer experience. SALIDO's solutions are marketed primarily across North America, with a growing presence in other regions, catering to a diverse range of restaurants looking to optimize their management processes.SALIDO generates revenue primarily through its subscription-based model and transaction processing fees associated with its in-house payment processing solution, Electronic Payment Exchange (EPX). Clients typically engage with SALIDO via partnerships, where restaurants adopt the SALIDO POS system to manage their operations and payment processes effectively. Each restaurant pays a subscription fee for software access along with transaction fees for credit card processing services. The company’s offerings are aimed at providing a unified solution for hospitality management, with flagship services including their proprietary POS system and comprehensive analytics tools. The revenue structure is reinforced by providing essential capabilities that enhance operational efficiency, thereby driving sales and improving profitability for restaurant clients.Following its acquisition by North American Bancard, LLC, Salido, Inc. is expected to continue to innovate its POS offerings while expanding its market reach. As of September 2020, the company is likely to focus on launching new features that enhance user experience and streamline restaurant operations. Plans for geographical expansion are aimed at increasing presence in markets outside of North America, targeting additional regions by 2023. The recent funding from the Series A round will be utilized to support product development and market expansion initiatives.

## Funding rounds

- Series A, May 8, 2018, $12M — First Data Ventures, Alumni Ventures Group, Colle Capital, New York Venture Partners, AVG Total Access Fund, Purple Arch Ventures
- Seed, Nov 18, 2015, $2M — High Line Venture Partners, Accelerator Ventures, 500 Global, Great Oaks Venture Capital, Grape Arbor VC, New York Venture Partners, Jan Cieslikiewicz Ventures, JL Company I LLC

## Investors

- High Line Venture Partners (https://capitalatlas.ai/funds/high-line-venture-partners) — Seed
- Accelerator Ventures (https://capitalatlas.ai/funds/accelerator-ventures) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Great Oaks Venture Capital (https://capitalatlas.ai/funds/great-oaks-venture-capital) — Seed
- Grape Arbor VC — Seed
- New York Venture Partners (https://capitalatlas.ai/funds/new-york-venture-partners) — Seed, Series A
- Jan Cieslikiewicz Ventures — Seed
- JL Company I LLC — Seed
- First Data Ventures (https://capitalatlas.ai/funds/first-data-ventures) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Colle Capital (https://capitalatlas.ai/funds/colle-capital) — Series A
- AVG Total Access Fund — Series A
- Purple Arch Ventures (https://capitalatlas.ai/funds/purple-arch-ventures) — Series A