Media Coverage

TouchBistro Raises $72 Million Series D Round

June 21, 2018 | BetaKit

Toronto-based TouchBistro, which develops an iPad-based PoS app for restaurants, has announced a $72 million Series D. The round was led by OMERS Ventures and JPMorgan Chase, with participation from Napier Park Financial Partners, Recruit Holdings, BDC IT Venture Fund, and Relay Ventures. TouchBistro’s iPad POS platform allows restaurants to enter tableside orders and send them directly to the kitchen, while also providing information on upsell opportunities. Integrated EMV payments can also be taken at the table, which includes bill-splitting features. TouchBistro said it plans to use the funding to develop the next generation of its platform. The funding will also be used to develop new payment solutions, expand into new and existing markets, and double the size of the team over the next year.

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TouchBistro Finalizes $72 Million Series D Round

June 21, 2018 | Tech Vibes

Massive funding rounds continue to dominate 2018 as a leading POS system has locked down a massive amount of capital. TouchBistro has raised a $72 million Series D financing round, led by OMERS Ventures and JPMorgan Chase. The round also featured participation from participation from existing investors, including Napier Park Financial Partners, Recruit Holdings, BDC IT Venture Fund, and Relay Ventures. This funding values TouchBistro at approximately $200 million. The Toronto-based TouchBistro is an iPad-based POS system that can integrate into almost any restaurant. The platform handles orders, payments, menu management, accounting, reporting, inventory, and even staff management. So far, over 12,000 restaurants use TouchBistro in over 100 countries. In total, the company’s POS platform processes more than $6 billion in sales each year, which represents a 58 per cent growth from just last year. “With this injection of capital, TouchBistro is incredibly well positioned to execute on our growth strategy,” said Alex Barrotti, founder and CEO of TouchBistro. “This fundraising will allow us to develop a whole new level of financial products and services integrations that greatly benefit both our restaurants and Chase customers alike.”

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Dining tech app TouchBistro snags funds from JPMorgan Chase, others

June 21, 2018 | New York Business Journal

Who gets: Restaurant operating system TouchBistro, known of its point-of-sale (POS) tech, raised a new round of funding. Amount raised: The Toronto-based startup, which has a New York office in Midtown Manhattan, secured C$72 million (US$54 million) in series D financing. This latest round brings TouchBistro's total funding to date to C$117 million (US$88 million). Who invests: The round was led by Omers Ventures and New York-based JPMorgan Chase (NYSE: JPM), with participation from existing investors, including Napier Park Financial Partners, Recruit Holdings Co, Ltd, BDC IT Venture Fund, and Relay Ventures. As part of this transaction, Omers partner Damien Steel will join the TouchBistro Board of Directors.

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TouchBistro secures $72M Series D led by OMERS Ventures and JPMorgan Chase

June 21, 2018 | Private Capital Journal

TouchBistro has raised $72 million in Series D financing led by OMERS Ventures and JPMorgan Chase, with participation from existing investors, Napier Park Financial Partners, Recruit Holdings Co, Ltd, BDC Capital, Relay Ventures and others. This latest round brings TouchBistro’s total funding to date to $117 million. Damien Steel, Managing Partner of OMERS Ventures, will join the TouchBistro Board of Directors. TouchBistro intends to use new funds for R&D, to support the company’s expansion into new and existing markets, and to double its headcount over next year.

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OMERS Ventures, JPMorgan lead TouchBistro’s $72 mln Series D

June 21, 2018 | PE Hub

Toronto-based restaurant point-of-sale software provider TouchBistro has closed a C$72 million Series D financing. The round, which brings the company’s total funding to date to C$117 million, was led by OMERS Ventures and JPMorgan Chase. They were joined by Napier Park Financial Partners, Recruit Holdings Co Ltd, BDC Capital‘s IT Venture Fund and Relay Ventures, all of which backed last year’s C$16.3 million Series C financing. With the Series D, OMERS Ventures Managing Partner Damien Steel will join the board.

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TouchBistro nears OMERS-led investment valuing startup at $200M

June 14, 2018 | BNN Bloomberg

TouchBistro Inc., a Toronto-based startup that provides restaurants with specialized point-of-sale software, is close to raising an additional $70 million in a new financing round, according to multiple sources familiar with the matter. The new financing deal values TouchBistro at about $200 million and is led by OMERS Ventures, the venture-capital arm of the Ontario Municipal Employees Retirement System pension fund, the sources told BNN Bloomberg. “For a startup that’s leading the market in point-of-sale and on the [iTunes] app store, this financing is a big deal,” one of the sources said in an interview. “For someone like OMERS to put money in, it legitimizes the company.”

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For Restaurants, a More Human Touch of Tech is Key

April 19, 2018 | Food News Feed

Implementing technology for the sake of technology is the wrong approach - technology should help solve a problem or issue.  TouchBistro's CEO, Alex Barrotti and TouchBistro customer, Brian Leonardi (Ristorante Firenze) weigh in on the balance of tech to improve efficiency, but not at the cost of customer service.

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Q&A with TouchBistro CEO & Founder Alex Barrotti

April 17, 2018 | WePay Blog

We will continue to expand our customer base by doing what we do best – providing restaurateurs with an intuitive POS at an affordable price that makes running a restaurant easier by streamlining and simplifying all aspects of restaurant management – so restaurateurs have more time to focus on their passion and the reason they opened their business in the first place.

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Why More Young Canadians Should Consider Working in Foodservice Sales

April 10, 2018 | Foodservice & Hospitality

Paul Snelson, executive vice-president of Sales at TouchBistro, a Toronto-based technology company that helps restaurants run more successful businesses with its iPad point-of-sale app, explains, “Sales people, like foodservice individuals, are used to being rewarded based on their hard work (commissions/tips), personal drive and the quality of their engagement with customers. Sales jobs in the foodservice industry are a great fit for a person who loves the win of closing the deal on a service or product that helps their customer.”

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The CEO of TouchBistro Shares His Number One Tip for Restaurant Success in the Digital World

March 30, 2018 | Future of Business and Tech

Alex Barrotti, the founder and CEO of TouchBistro, offers tips for restaurateurs and stresses the importance of a high-tech point of sale for restaurant success.

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