TouchBistro Raises $119 Million in Funding Round Led by Omers
By Colin Kellaher
TouchBistro Inc., which provides iPad-based point-of-sale
technology to restaurants, on Wednesday said it raised 158 million
Canadian dollars (US$119 million) in a Series E funding at an
The round, which was led by existing investor Omers, brings
TouchBistro's total funding to C$275 million.
Canadian pension fund Omers said it invested C$85 million in
TouchBistro in the funding round.
New investors Barclays Bank, RBC Ventures and BMO Capital
Partners also participated, along with existing investors JPMorgan
Chase & Co. (JPM), Napier Park Financial Partners, BDC IT
Venture Fund and Kensington Capital Partners.
TouchBistro, founded in 2010, said it will use the funding to
acquire complementary products, develop new technologies and expand
its presence in international markets.
The Toronto-based company said more than 16,000 restaurants in
over 100 countries use its iPad POS and payments solution.
Write to Colin Kellaher at firstname.lastname@example.org
(END) Dow Jones Newswires
September 18, 2019 12:20 ET (16:20 GMT)
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