Restaurant365 Raises $175M in Series C

Restaurant365 has successfully raised $175M in a Series C at a $900M valuation led by ICONIQ Growth, L Catterton.

Company Overview

Restaurant365 is a SaaS company headquartered in Irvine, CA, founded in 2011 with 1000+ employees.

All-in-one restaurant enterprise management software for operations

Fundraising Details

• Amount Raised: $175M
• Round Type: Series C
• Valuation: $900M
• Date: 2024-11-28
• Investors: ICONIQ Growth, L Catterton

About Restaurant365

All-in-one restaurant enterprise management software for operations The company is positioned in the SaaS sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Irvine, CA
• Founded: 2011
• Team Size: 1000+
• Industry: SaaS

What This Means

This funding round demonstrates strong investor confidence in Restaurant365's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The SaaS sector continues to attract significant investment as companies innovate to meet evolving market demands. Restaurant365's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $900M valuation marks an important milestone for Restaurant365, positioning the company among notable players in the SaaS industry.

Looking Ahead

With this new capital, Restaurant365 is well-positioned to execute on its growth strategy and continue building innovative solutions in the SaaS space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-11-28. For more information about Restaurant365, visit their headquarters at Irvine, CA.