Restaurant365, a restaurant manager software company, said today it has received a $135 million funding round co-led by global investors KKR and L Catterton, giving the Irvine-based firm “unicorn” status with a valuation over $1 billion.
Unicorn generally refers to startups with a much-sought-after value of $1 billion or more without being listed on the stock market.
Tony Smith, CEO and co-founder of Restaurant365, said in a statement that “the primary driver of this round is uniting with two strategic investors so intimately tied to the restaurant industry.”
“Having recently crossed exciting milestones of $100 million in revenue and $1 billion in value, we can’t wait for what’s next,” he added.
For further details, see the May 29 print edition of the Business Journal.