Finances and Deals: Page 12
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Courtesy of PR Newswire
Deliverect lands another $65M in funding, 1 year after raising $18M
The tech company will use the cash infusion to support further R&D, solidify its position in the U.S. and continue its international expansion.
By Alicia Kelso • April 21, 2021 -
Neilson Barnard via Getty Images
Squarespace files to go public through a direct listing
The website-building platform, which has over 3 million subscribers including restaurants, makes the move weeks after completing its acquisition of reservation system Tock.
By Julie Littman • April 19, 2021 -
Explore the Trendline➔
Violeta Stoimenova via Getty Images
TrendlineRestaurant Financing
With ongoing macroeconomic pressures facing restaurants, operators are entering into alternative financing, mergers and acquisitions and even bankruptcy to sustain their businesses.
By Restaurant Dive staff -
Permission granted by Slice
Slice secures $40M in additional funding
The company plans to expand its vertical platform for its 15,000-plus pizzeria partners, add new products and scale its Slice Accelerates program, which provides $15,000 worth of tech assistance.
By Julie Littman • April 14, 2021 -
Retrieved from Punchh on April 09, 2021
Par Technology expands into loyalty with $500M Punchh acquisition
The addition of the loyalty and guest engagement firm will help Par create an all-in-one cloud platform for its 100,000-plus global restaurant clients.
By Julie Littman • April 9, 2021 -
Courtesy of Nuro
Chipotle invests in self-driving delivery company Nuro
This marks the first time the fast casual chain has significantly funded a third-party technology company since 2018 and follows recent tech acquisitions by McDonald's and Yum Brands.
By Julie Littman • March 25, 2021 -
Permission granted by Olo
What Olo's $450M IPO means for the restaurant industry
Founder and CEO Noah Glass talks about how he wants to expand Olo's digital ordering capabilities with an influx of capital after shares rose 39% during day one of trading.
By Julie Littman • March 19, 2021 -
Permission granted by Torchy's Tacos
Torchy's Tacos eyeing IPO, Bloomberg reports
The fast casual chain, which added 12 new units in 2020, could raise $300 million and debut with a $1 billion valuation, per the publication.
By Julie Littman • March 15, 2021 -
Shake Shack borrows $225M to support expansion plans
The funding will be used to aid opening additional units, new store formats and drive-thrus, as well as improvements to the digital guest experience and further investments in talent development.
By Julie Littman • March 2, 2021 -
Retrieved from Olo/Business Wire on February 22, 2021
Olo files to go public with $100M offering
The software company posted a 94% increase in revenue during 2020 as customers shifted toward digital ordering channels during the pandemic.
By Julie Littman • Feb. 23, 2021 -
Courtesy of Toast Inc.
Toast considering IPO valued at $20B, WSJ reports
The software company, which processed 50 million digital guest orders in 2020, is also exploring a sale or merger with a special purpose acquisition corporation, per the publication.
By Julie Littman • Feb. 22, 2021 -
"Danny Meyer: Whoever Wrote the Rule" by Produce Marketing Association is licensed under CC BY-ND 2.0
Danny Meyer's SPAC seeks $250M in IPO
USHG Acquisition Corp. isn't interested in just restaurant companies, listing businesses from tech to e-commerce and health to retail for potential mergers.
By Emma Liem Beckett • Feb. 8, 2021
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