*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.