Irvine-based Restaurant365, a cloud-based restaurant accounting software, said it’s closed an $88 million minority investment led by ICONIQ Capital, a Silicon Valley-based growth equity firm.
ICONIQ partner Will Griffith will be joining Restaurant365’s board of directors. Other investors include Tiger Global Management and Bessemer Venture Partners, which led Restaurant365’s Series A and Series B funding that raised nearly $40 million in the past 18 months.
Restaurant365 said it helps more than 10,000 restaurants manage their books with accurate, real-time reporting that provides a clearer view of restaurant performance.
