Restaurant365 gobbles up $135M to supersize its software for the food service industry

The price of food continues to go up and up, but surprisingly that hasn’t (yet?) played out as pressure on the wider restaurant industry. Now, a startup that’s building technology to serve that sector announced a supersized round of funding to nourish its growth.
Restaurant365, which develops all-in-one restaurant management software, announced $135 million in new funding co-led by KKR and L Catterton. Previous backers — specifically ICONIC Growth and Bessemer Venture Partners — are also participating in this round, which brings the total raised by the startup to $288 m

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