*NEWS: Restaurant365, an Accounting Software Startup Serving Restaurants, Raises $88 Million

A startup that developed restaurant accounting software closed an $88 million minority investment led by ICONIQ Capital, a Silicon Valley growth equity firm

Restaurant365, with HQ in Irvine said that due to the investment, Will Griffith, a partner at ICONIQ Capital, will join Restaurant365’s board of directors, in a June 27 press release.

This is the startup’s third round of funding since early 2018.

ICONIQ Capital was joined byTiger Global Management and Bessemer Venture Partners (which led Restaurant365’s Series A and Series B funding, for a total of $40 million).

The startup reportedly posted its third consecutive year of doubled growth.

About The Author

Deirdre Newman is a long-time journalist, who's covered OC startups for a few years.

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