Canada’s TouchBistro bags $110m in growth funding
TouchBistro, a Canadian software firm offering a tablet-based point of sale (POS) system and payments solution for restaurants, has bagged CAD 150 million ($110 million) in growth funding from Francisco Partners.
TouchBistro raises $110m
Founded in 2011 with its HQ in Toronto, TouchBistro’s platform allows restaurants to manage reservations, online ordering, payment processing, menus, inventory, accounting and staff scheduling.
In the last two years, it has also added automated marketing and customer relationship management (CRM) functions.
TouchBistro claims more than 16,000 restaurants in over 100 countries as clients, with a combined gross sales volume of over $14 billion. It has partnerships with the likes of the UK’s Barclaycard and Mexico’s EVO Payments to provide integrated payment solutions.
With the new capital, the company plans to expand its product offerings and core services. The cash will also be used to fund strategic acquisitions as the firm looks to boost its growth.
The company has previously received funding from banking giants Barclays, JP Morgan, RBC Ventures and BMO Capital Partners, among others.
