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- Restaurant365
Restaurant365 Revenue, Valuation, Funding & Investors
Restaurant365 is valued at $1B as of May 2024, a 10.0x multiple on its last reported $100M revenue.
Last Restaurant365 valuation
$1B
Undisclosed stage · May 2024
Last Restaurant365 funding round
$175M
Undisclosed stage · May 2024
Restaurant365 revenue
$100M
Undisclosed stage · May 2024
Key investors in Restaurant365
Bessemer Venture Partners
ICONIQ Capital
KKR
L Catterton
Tiger Global
Serent Capital
About Restaurant365
Restaurant365 is a cloud-based enterprise management platform built for the restaurant industry, combining accounting, inventory, scheduling, payroll, HR, and operations tools in a single system. The software connects to point-of-sale systems, vendors, and banks so operators can track food costs, manage labor, and see performance across locations, with AI-powered features such as automated invoice processing and tip calculation. Founded in 2011 and headquartered in Irvine, California, it serves more than 40,000 restaurant locations, including large chains such as KFC and Burger King.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$100M (May 2024)
Valuation
$1B (May 2024)
Restaurant365 Valuation
Restaurant365 is currently valued at $1B, based on its undisclosed-stage round in May 2024.
The $175M round was led by ICONIQ Capital, with participation from KKR, L Catterton and Serent Capital.
Restaurant365's valuation has grown 3.3x from $305M at its Series C in June 2019 to $1B in May 2024, across 3 priced rounds.
Restaurant365 valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2024 | Undisclosed stage | $1B | 10.0x |
| May 2023 | Undisclosed stage | $1B | 10.0x |
| Jun 2019 | Series C | $305M | 3.0x |
Restaurant365 Revenue
Restaurant365's latest recorded revenue is $100M, as of its undisclosed-stage round in May 2024. At a $1B valuation, that implies a 10.0x revenue multiple.
Revenue moved from $100M in June 2019 to $100M in May 2024, while the revenue multiple moved from 3.0x to 10.0x.
Restaurant365 revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2024 | $100M | $1B | 10.0x | Undisclosed stage |
| May 2023 | $100M | $1B | 10.0x | Undisclosed stage |
| Jun 2019 | $100M | $305M | 3.0x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Restaurant365 Funding History
Restaurant365 has raised a total of $438M across 5 funding rounds.
Restaurant365's first fundraising round was a $20M undisclosed-stage round in January 2018. The most recent completed round was a $175M undisclosed-stage round in May 2024.
Restaurant365 funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2024 | Undisclosed stage | ICONIQ Capital (lead); KKR; L Catterton; Serent Capital | $175M | $1B | Restaurant365 is a cloud-based restaurant enterprise management platform offering integrated accounting, inventory, scheduling, payroll, HR, and operations tools tailored for the restaurant industry, serving over 40,000 locations. It connects with POS systems, vendors, and banks to help operators control food costs, optimize labor, and gain business insights through features like AI-powered invoice management (Capture AI), tip automation, task management, and intelligence dashboards. The company recently acquired ExpandShare, an AI-driven learning management system for restaurant training. On May 15, 2024, Restaurant365 raised $175 million in a funding round led by ICONIQ Growth, with participation from existing investors KKR and L Catterton, as well as Serent Capital among prior backers. This growth-stage investment, described as an up-round, valued the company above $1 billion, building on its 2023 $135 million raise that first pushed it past unicorn status. CEO Tony Smith confirmed the valuation exceeds $1B but did not disclose specifics. Funds will support product innovation in enterprise features and workforce/payroll suites, workforce expansion, balance sheet strengthening for acquisitions, and organic sales growth following 12 straight quarters beating targets. The round underscores strong investor confidence amid a U.S. restaurant industry projected to surpass $1 trillion in sales that year. Restaurant365 was reportedly on track for $100 million in 2023 revenue, based on per-location pricing starting at $469/month. This positions it to capitalize on market expansion in back-office tech for multi-unit operators and large hospitality brands. |
| May 2023 | Undisclosed stage | KKR (lead); L Catterton (lead); ICONIQ Capital; Bessemer Venture Partners | $135M | $1B | Restaurant365 is a cloud-based restaurant enterprise management software company founded in 2011 and headquartered in Irvine, California. The platform provides an all-in-one back-office solution for restaurants, including accounting, inventory, scheduling, payroll, and HR functionality. The software integrates with point-of-sale systems, vendors, and banks to provide operators with comprehensive business visibility and help them control food costs and optimize labor efficiency. The company serves more than 40,000 restaurant locations and is used by major chains including KFC and Burger King. In May 2023, Restaurant365 raised $135 million in a Series D funding round co-led by KKR and L Catterton, with participation from existing investors ICONIQ Growth and Bessemer Venture Partners. This round valued the company at over $1 billion, achieving unicorn status. The funding was designated for product enhancements to the company's accounting, store operations, workforce, and intelligence product suites. At the time of this round, Restaurant365 had recently crossed $100 million in annual revenue, representing significant traction and establishing a revenue valuation multiple of approximately 10x. |
| Jun 2019 | Series C | ICONIQ Capital (lead); Bessemer Venture Partners; Tiger Global | $88M | $305M | Restaurant365 is an Irvine, California-based provider of all-in-one, cloud-based restaurant enterprise management software, offering accounting, inventory, scheduling, payroll, HR, and integrations with POS providers, vendors, and banks to help operators control food costs, optimize labor, and gain business insights. In June 2019, the company raised $88 million in a Series C funding round led by ICONIQ Growth, with participation from Bessemer Venture Partners and Tiger Global, bringing total funding to approximately $288 million across rounds by later dates. The funds from the 2019 round supported product development and growth in the restaurant management software market, amid a U.S. restaurant industry approaching $1 trillion in sales. Subsequent rounds included a $135 million raise in May 2023 co-led by KKR and L Catterton, pushing valuation above $1 billion and unicorn status, with ICONIQ Growth and Bessemer participating, followed by a $175 million round in May 2024 led by ICONIQ Growth. |
| Dec 2018 | Undisclosed stage | Bessemer Venture Partners (lead) | $20M | - | Restaurant365 is a cloud-based restaurant-specific accounting, back office, and reporting solution founded in 2011 and headquartered in Irvine, California. The company provides an all-inclusive suite of tools for restaurants including accounting, inventory, scheduling, payroll, and HR capabilities, integrated with point-of-sale providers, vendors, and banks. In December 2018, Restaurant365 closed its Series B funding round with a minority investment from Bessemer Venture Partners, raising $19.5 million to advance its software, expand engineering teams, and increase marketing and sales capacity. This was the second major funding round from Bessemer after the company had closed $20 million in Series A financing in January 2018. At the time of the Series B round, the company served restaurant concepts including Sbarro, MOD Pizza, Capriotti's, Texas de Brazil, and Luke's Lobster across all restaurant segments (fine dining, casual dining, fast casual, quick service, and others), with a structurally diverse customer base including independents, franchisors, franchisees, CPA firms, and bookkeeping services. |
| Jan 2018 | Undisclosed stage | Bessemer Venture Partners (lead) | $20M | - | Restaurant365 is a cloud-based restaurant-specific accounting, back office, and operations management software provider founded in 2011 and headquartered in Irvine, California, with an additional office in Austin, Texas. It offers an all-in-one solution including accounting, inventory, scheduling, payroll, HR, and integrations with POS providers, vendors, and banks to provide restaurants with real-time performance insights, helping control costs, optimize labor, and increase sales. The platform serves diverse segments such as fine dining, casual dining, fast casual, quick service, independents, franchisors, franchisees, CPA firms, and chains like Sbarro, MOD Pizza, Capriotti’s, Texas de Brazil, and Blaze Pizza. On January 18, 2018, Restaurant365 closed a $20 million Series A financing round as a minority investment led by Bessemer Venture Partners, marking its first outside funding with no prior external capital. Bessemer Partner Brian Feinstein joined the board, and the funds were intended to support aggressive growth, product development, and modernization of restaurant accounting and back-office operations. This investment was described as a strong endorsement of the team's product and execution. This Series A was followed by additional rounds from Bessemer, including a $19.5 million investment announced in March 2019 (dated December 2018 in some sources) to expand software features, engineering, marketing, sales, and client base growth, positioning Restaurant365 as the central hub for accounting, operations, and reporting. Subsequent funding included an $88 million Series C in June 2019 led by ICONIQ Capital with participation from Tiger Global and Bessemer, fueling three years of doubled growth and supporting over 10,000 restaurants. Later rounds comprised $135 million in May 2023 co-led by KKR and L Catterton, achieving unicorn status over $1 billion valuation and serving 40,000+ locations, and a $175 million Series E in 2024, bringing total funding to approximately $445 million across seven rounds. |
Who has invested in Restaurant365?
6 investors have backed Restaurant365 across its funding rounds, including Bessemer Venture Partners, ICONIQ Capital, KKR, L Catterton, Tiger Global and Serent Capital.
Lead investors include ICONIQ Capital, KKR, L Catterton and Bessemer Venture Partners.
Restaurant365 Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Jan 2018 | ||
| 3 | Lead | Jun 2019 | ||
| 2 | Lead | May 2023 | ||
| 2 | Lead | May 2023 | ||
This data is available for Pro users. Sign up to see all 6 Restaurant365 investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Restaurant365
Restaurant365 has acquired 2 companies to date.
Last acquisition by Restaurant365 was on April 9th 2024. Restaurant365 acquired ExpandShare for undisclosed valuation.
Latest Acquisitions by Restaurant365
| Description | ExpandShare is a learning management system provider based in Vancouver that delivers microlearning modules and custom eLearning content. The platform supports iPad apps, tracking analytics, and reporting for corporate training in sales, compliance, and skills development. | Compeat is an Austin-based provider of integrated restaurant management software following its merger with Ctuit in 2018. The platform serves over 30,000 locations nationwide with modules for accounting, inventory, labor scheduling, and payroll integrated with 70 POS systems like Toast and NCR. Compeat processes billions in transactions yearly, optimizing operations for chains including Chili's and independent diners through real-time analytics and mobile apps for managers and staff. |
| HQ Country | ||
| HQ City | Akron, OH | Austin, TX |
| Deal Date | 9 Apr 2024 | 10 Jun 2021 |
| Valuation | undisclosed | $240M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Restaurant365 acquisitions and their M&A valuation multiples. Start Free Trial | ||
Restaurant365 Competitors
Restaurant365 competitors include listed companies like NCR Voyix and Lightspeed Commerce, and private ones like Meiwei Buyongdeng, SpotOn, Chowbus and Deliverect.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $628M | - | ||
| Private | - | - | $3.6B | - | ||
| Private | $120M | - | $4.2B | 35.0x | ||
| Private | - | - | $1.4B | - | ||
| Publicly listed | $2.7B | $252M | $958M | 1.0x | ||
| Publicly listed | $1.2B | ($13M) | $1.2B | 0.7x |
Restaurant365 Public Comps
Restaurant365 is still privately-owned, but its public comps include Wetherspoons, Ohsho Food Service, Cracker Barrel, NCR Voyix, Domino's Pizza Group, Shiprocket, Guangzhou Restaurant Group, Ichibanya, Westlife Foodworld and Biglari Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.9B | $358M | 0.9x | 0.9x | 7.2x | 8.0x | |||
| $751M | $89M | 1.1x | 1.2x | 9.7x | - | |||
| $3.5B | $193M | 0.6x | 0.6x | 10.6x | 15.9x | |||
| $2.7B | $252M | 0.8x | 1.0x | 8.9x | 5.2x | |||
| $920M | $175M | 1.5x | 1.4x | 7.8x | 7.5x | |||
| $211M | ($7M) | 4.3x | - | (131.1x) | - | |||
| $803M | $136M | 1.5x | 1.5x | 9.2x | 9.0x | |||
| $421M | $40M | 2.5x | 2.4x | 26.2x | - | |||
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Common questions about Restaurant365
| When was Restaurant365 founded? | Restaurant365 was founded in 2011. |
| Where is Restaurant365 headquartered? | Restaurant365 is headquartered in United States. |
| Is Restaurant365 publicly listed? | No, Restaurant365 is a private, VC-backed company. |
| What is Restaurant365's valuation? | Restaurant365 was last valued at $1B in its undisclosed-stage round in May 2024. |
| How much funding has Restaurant365 raised? | Restaurant365 has raised $438M across 5 funding rounds. |
| What was Restaurant365's last funding round? | Restaurant365's last funding round was a $175M undisclosed-stage round in May 2024, led by ICONIQ Capital. |
| Who are Restaurant365's investors? | Restaurant365's investors include Bessemer Venture Partners, ICONIQ Capital, KKR, L Catterton, Tiger Global and Serent Capital. |
| What is Restaurant365's revenue? | Restaurant365's latest recorded revenue is $100M (May 2024). |
| What is Restaurant365's revenue multiple? | Restaurant365's latest valuation implies a 10.0x revenue multiple ($1B valuation on $100M of revenue). |
| Which companies are comparable to Restaurant365? | Companies comparable to Restaurant365 include Meiwei Buyongdeng, SpotOn, Chowbus, Deliverect, NCR Voyix and Lightspeed Commerce. |
| How many companies has Restaurant365 acquired? | Restaurant365 has acquired 2 companies, including ExpandShare and Compeat. |
| What was the largest acquisition by Restaurant365? | The $240M acquisition of Compeat in June 2021 is the largest acquisition Restaurant365 has made to date. |
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