Cartwheel’s Post

JUICER secures $5.3M seed funding to revolutionize restaurant pricing San Francisco-based #fintech firm #Juicer, specializing in restaurant revenue management and pricing solutions, has successfully raised $5.3 million in seed funding. The investment round was led by York IE, with contributions from Augmentum Ventures and Muditā Venture Partners Partners. Notable operators and investors, including Kat Cole, Paul English, and Solomon Choi, have also backed Juicer. With Marshall Everson from York IE joining Juicer's board, this funding round signifies broad industry support and belief in Juicer's vision and potential to transform the restaurant industry. Juicer's innovative solutions, including JUICER Pricing and JUICER Compete, are set to revolutionize how restaurants approach pricing and competitive intelligence. By harnessing AI-driven algorithms, Juicer enables restaurants to optimize prices, particularly during off-peak hours, while also providing valuable insights into local market dynamics and competitor pricing strategies. With the freshly secured funds, Juicer is poised to accelerate the development of its sophisticated tools and data resources, enhancing operational efficiencies and consumer experiences across the restaurant sector. By continuing to innovate its technology stack and expand its offerings, Juicer aims to drive growth and customer satisfaction in new and exciting ways, ushering in a future where data and technology shape the dining experience. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

Revenue management comes to the restaurant industry!

Ben Leventhal, the visionary founder behind Resy & Eater, and his latest venture, Blackbird Labs, Inc. is making waves in the restaurant world. This new project has garnered significant funding, and here's why it's worth your attention: 🤝 At the heart of this venture is the fusion of commerce and community-building. By leveraging technology, Ben is creating a platform that puts local businesses in direct contact with its customers. 💡 Why It's Interesting: Empowering Local Businesses: This initiative empowers local businesses by offering them a digital storefront and access to a more in-depth look at their customer base. It's a lifeline for small businesses in a digital-first world. Enhanced Shopping Experience: Consumers can discover and support local businesses while enjoying a curated and personalized dining experience. 💰 Funding Breakdown: Blackbird has secured $24 million through Andreessen Horowitz on top of $11 million in seed money raised last year from Union Square Ventures fund. This investment signifies a strong belief in the potential of commerce platforms that prioritize community and local businesses. 🌐 The intersection of commerce and community-driven initiatives is reshaping the way we shop and connect with local businesses. Blackbird is a prime example of how technology can foster growth, support local economies, and enhance our dining experiences. 📰 Read the Article Here: https://lnkd.in/gj7acfQj

Restaurant365 orders in $175M at a $1B+ valuation to supersize its food service software stack  The edifice manufacture successful the U.S. is expected to walk $1 trillion successful sales for the archetypal clip this year, contempt wider economical pressures connected consumers. Now Restaurant365, a startup gathering tech to negociate those businesses, has raised a blistery circular of $175 cardinal to capitalize connected that growth.  The backing is being led by ICONIQ Growth with KKR and L Catterton besides participating, each existing backers of the company. Restaurant365 is not disclosing its valuation with the round, but Tony Smith, the co-founder and CEO, confirmed to TechCrunch that it is an upround. “We’re excited that it continues to turn and that we person precise supportive investors down us,” helium said. For immoderate context, past twelvemonth – erstwhile the startup raised $135 million – it disclosed that it had passed a $1 cardinal valuation.  The startup is besides not disclosing immoderate updated figures connected usage. Last year, we reported that its bundle was being utilized successful 40,000 locations, and that is inactive the fig it is sharing today. It looks similar successful 2023 the institution generated $100 million successful revenues, based connected per-location pricing that starts from $469 per determination per month. Based retired of Irvine, CA, Restaurant365 competes provides an all-in-one level for edifice businesses of antithetic sizes to negociate their accounting, inventory and workforce, on with an analytics suite to assistance recognize trends wrong the concern – everything fundamentally extracurricular of constituent of merchantability transactions. Smith said that the program volition beryllium to usage the wealth to proceed expanding its suite of products, arsenic good arsenic its lawsuit basal connected the heels of the institution buying and digesting ExpandShare, a edifice grooming platform, successful April 2023. “We are besides earmarking immoderate funds for aboriginal acquisitions,” helium added. Although Restaurant365 is utilized by some autarkic restaurants and larger chains, different large absorption volition beryllium gathering tools catering to “major hospitality brands,” helium said.  Unlike a batch of radical who leap into the satellite of gathering solutions for concern users, Restaurant365 does not person its DNA successful the satellite of nutrient work per se. “By the clip I graduated assemblage I’d had 12 jobs [only] 1 of which was astatine a pizza restaurant, truthful I wouldn’t accidental my edifice acquisition was robust,” Smith said.  Rather, helium was a techie who saw an accidental to code a wide problem. “My archetypal occupation retired of assemblage was successful exertion and it was breathtaking to spot the abor...

🍽️ Changing the Dining Game: The Story of SkipTheDishes 🍽️ 🚀 SkipTheDishes made its mark in 2012 with a bold vision: to simplify food delivery. In just a few short years, they expanded beyond Winnipeg and now serve customers nationwide and internationally. Their seamless platform connects diners with local restaurants, providing a convenient and reliable delivery service. 🍲 What sets SkipTheDishes apart? Their commitment to customer satisfaction. Their user-friendly interface and efficient delivery system have made them a go-to option for foodies everywhere. SkipTheDishes continues to lead the way in making dining experiences hassle-free. 🌍 SkipTheDishes' story is a testament to Winnipeg's startup scene's vibrancy. Their journey showcases the potential for innovation in the dining industry. Want to be part of the dining revolution? Follow @SkipTheDishes for the latest updates and offers. Do you have a startup or business you'd like featured? Let me know, and I can include it in one of my posts! #StartupJourney3 #FoodDelivery #SkipTheDishes #WinnipegStartups #OrderNow

🎉 Celebrating 1 Year of Innovation at 3Dish! 🎉 3Dish celebrated its first year! Let me share a bit of our journey until now. From the outset, our vision was straightforward: empower restaurants to showcase their dishes in 3D with the simplicity of a single click. Imagine updating a dish's 3D model across various platforms—from delivery and takeaway apps to digital menus and discovery platforms—all seamlessly integrated. Today, that vision is closer to reality than ever before. When we started with just a rudimentary PDF with hyperlinks to some 3D models, the first thing we did was try to get a paying customer. The quest for validation led us to secure not one but three pioneering restaurants (TikTak, Onda Mar, and Pizza no Bairro) as our first clients, each embracing an annual subscription €1,000 at that time. This early success was a sign that the market was ripe for innovation. In those early days, we took all the necessary photos ourselves to create the 3D models. The positive feedback was overwhelming, so we began further development. Since we were still too early to make any kind of partnership, we had to provide means of displaying these models to the clients, so we developed our own digital menu. Not ideal, but we needed traction. The evolution of our technology saw the creation of a non-automated kit for the clients to take the photos themselves, a precursor to something greater. But still, we needed to test the concept of leaving a kit with instructions at a restaurant. We went to the south of Portugal and, in 3 weeks, we left there 10 kits (new paying clients). Fast forward to today, and we are on the brink of unveiling our fully automated scanning kit and app. Our partnership for the installation and maintenance of interactive kiosks at restaurant entrances represents a leap forward, making our 3D models more accessible and engaging for customers. The journey has been exhilarating, with growing traction enabling us to forge meaningful partnerships across the industry. As we move forward, the need for our standalone digital menu diminishes, bringing our vision into sharper focus. Stay tuned for exciting updates and partnership announcements. The future is bright, and at 3Dish, we're just getting started 😄. #3Dish #Innovation #RestaurantTech #StartupJourney #DigitalTransformation #startups #technology #Restaurants #CEOJourney

Ever wondered how technology can help tackle the age-old problem of lull periods in the restaurant industry? We've come across an innovative startup - Savorite, co-founded by Cristina Romanillos and Jason Cabildo, that's leveraging real-time deals to boost traffic during off-peak hours. Diners now have access to incredible last-minute offers while restaurants reduce waste and maximize profit. It's a win-win! Hailing from San Diego, California, Savorite effectively targets off-peak hours to enhance bookings, improve ambience, and bolster the restaurant's bottom line. Whether you're planning a friendly brunch or a date night, this app can help you get a delicious deal. Discover more in our latest article: Can Real-Time Deals Drive Traffic During Restaurant Off-peak Hours? https://lnkd.in/eHbVaKWX Don't miss out on the future of restaurant dining! #Savorite #RealTimeDeals #RestaurantIndustry #Innovation #Startups #FoodAndBeverage #HospitalityIndustry #MobileApps #StartUpBubble

🛵💵 Food delivery startup secures funding boost. Wonder, a delivery-centric food hall concept, has secured a significant $700 million in funding to support its ambitious growth plans. Founder and CEO Marc Lore noted that $100 million came from his personal investment alongside contributions from both new and existing investors. With this latest funding round, Wonder has raised a total of $1.5 billion in equity to date. This substantial capital infusion has propelled Wonder's rapid expansion, transforming it from a "cold start" in January 2023 to a chain of 11 locations across three states today. Each Wonder location offers a variety of food options from up to 30 restaurant menus, which are available for delivery, pickup, or dine-in. Food preparation occurs at a central commissary, with final preparations completed in-store using minimal equipment. With the new financing, Wonder aims to accelerate its expansion plans, intending to grow to 35 locations by the end of the year and scale up to 90 locations by the end of 2025, focusing on the Northeast region. The company plans to invest in various areas, including improving cook times, introducing new menu items and restaurant brands, implementing technology to reduce food waste, and enhancing its delivery network to ensure timely courier services. Wonder's recent achievements include the acquisition of meal kit company Blue Apron, the launch of a B2B division in partnership with Nestlé, and a collaboration with Walmart to open potential locations within Walmart stores. Lore also highlighted that Wonder has achieved three key goals he set for the company, including delivering all 30 menus from one location in under 30 minutes on average, achieving a Net Promoter Score of 60 or higher, and attaining profitability at the unit level. More information in the full article: https://lnkd.in/eUV5NuNa #ForwardFooding #funding #fooddelivery #foodtech #foodservice #innovation

Extended waiting periods and extensive queues can seriously compromise the #restaurant experience. To tackle these issues, certain dining establishments deploy self-service kiosks for food ordering. As a #startup, you can enter the market for self-service food ordering kiosks, and cater to the requirements of food industry players by offering your solution. Discover the specifics of the food ordering kiosk market and things to consider when building self-service restaurant kiosks. https://lnkd.in/dPvK69DQ #EasternPeak #selfservicekiosks #selforderingkiosk #RestaurantSoftware #restaurantsolutions #startups #techstartup

Bite raises $9M in Series A funding! Bite is a software platform for self-ordering kiosks in quick-serve restaurants, as well as mobile and desktop ordering solutions. Bite provides a compelling return on investment by lowering labor costs, increasing restaurant efficiency, and increasing sales. The Bite platform leverages facial recognition to personalize the guest experience and increase average order size. Demand by restaurants for self-ordering solutions delivered through kiosks is exploding as a result of minimum wage increases and labor shortages. With this funding and the company's product and team, Bite is well positioned to win in the space. The round was led by Staley Capital. Additional investors in the round include Graham Partners, One Way Ventures, and Tamarisc Ventures.  https://lnkd.in/dzuKyVSA