TouchBistro secures $54M in additional financing
TouchBistro has raised $54.08 million in Series D financing in a round led by OMERS Ventures and JPMorgan Chase, with participation from existing investors, including Napier Park Financial Partners, Recruit Holdings Co. Ltd., BDC IT Venture Fund and Relay Ventures, according to a press release. The latest round brings TouchBistro's total funding to $87.9 million.
Damien Steel, managing partner of OMERS Ventures, will join the TouchBistro board of directors.
TouchBistro provides an iPad POS built from the ground up to work as the heart of restaurant operations. It streamlines all aspects of running a restaurant — order-taking, payment processing, menu management, accounting, reporting, inventory management, staff scheduling and customer loyalty.
More than 12,000 restaurants in more than 100 countries use the POS system, and the company has grown its recurring monthly revenue by 58 percent over the past year. TouchBistro POS solutions process more than $6 billion annually.