Top 10 Restaurant management and POS software

Important news about Restaurant management and POS software

2024. Squarespace sells restaurant reservation system Tock to American Express for $400M



In an utterly unsurprising twist of cosmic logic, Squarespace has decided to offload its restaurant reservation service, Tock, to none other than American Express for the eye-watering sum of $400 million—exactly the same amount it shelled out for the thing three years ago, as if time, value and business sense were all part of some intergalactic comedy. Tock, founded in 2014, is the kind of platform that restaurants have been using to wrangle tables and sell event tickets, a noble pursuit, to be sure. But Squarespace, seemingly more interested in the art of crafting sleek, business-friendly websites for small and medium enterprises, has decided that Tock, much like an out-of-place fork at a fine dining establishment, is simply not essential to the overall experience. Thus, the $400 million infusion will allow Squarespace to double down on its true passion—building websites—while dabbling in things that make sense to that mission, like online payments for eager e-commerce entrepreneurs.


2023. Blackbird, a restaurant loyalty platform, raises $24M



In a marvelously audacious leap through the mysterious galaxy of funding, Blackbird Labs — that fearless venture devoted to the ever-enigmatic art of hospitality technology — has triumphantly scooped up $24 million in Series A funding. Blackbird’s grand ambition? To coax mere mortals (otherwise known as “diners”) into actually going out to dine — again and again, ad infinitum. Through the wizardry of a platform that remembers the quirks of each diner, Blackbird allows restaurants to greet patrons by name, bask in the knowledge of their latest culinary exploits and even recall such treasured insights as their favorite seat or deep-seated aversions (anchovies, anyone?). Here, however, is where things get delightfully cosmic: diners simply tap their phones on a clever NFC reader, which, naturally, knows just who they are and helps them “tap in” to membership. From there, they "level up" in gastronomic nirvana, securing elusive rewards like hush-hush menu items and the rather mind-boggling power to message a concierge on demand.

2023. Superorder raises $10M to help restaurants maintain their online presence



Imagine, if you will, a universe where Superorder emerges as a lifeline for restaurants caught adrift in the chaotic cosmos of delivery and pickup services. Armed with a dazzling array of tools like website creation, menu management, order tracking, marketing wizardry and financial wizardry of the highest order, Superorder recently secured a hearty $10 million to fuel its mission. Its grand purpose? To champion off-premise dining, a concept once quaint but now irresistibly mainstream, thanks in no small part to a global pandemic that rather efficiently persuaded people to prefer their food journey as short as possible—from restaurant doorstep to their own. Superorder’s universe involves equipping restaurants with a mighty digital presence, including countless food delivery portals and intuitive dashboards, seamlessly untangling the process without the need to barter with each delivery service individually.


2023. Restaurant365 gobbles up $135M to supersize its software for the food service industry



In a universe only slightly more bewildering than a three-headed accountant on a Saturday night, Restaurant365 has triumphantly secured $135 million in what one might describe as a small fortune, or at least enough to fund several lifetimes' worth of particularly extravagant restaurant outings. The company's comprehensive software—though still humorously shy of point of sale capabilities—boldly juggles accounting, analytics, staff wrangling, and inventory management. With its digital wizardry already holding sway over about 40,000 restaurant locations, from small eateries to towering chains, it’s managed to do what few other tech companies in the restaurant world could: help clients waltz, or perhaps stumble gracefully, through a global crisis that left others like Toast, Lightspeed, and Square fumbling around like space tourists without a hitchhiker’s guide.


2022. Egypt’s Suplyd raises $1.6M to digitize restaurants supply chain



In a universe teeming with chaotic supply chains and restaurateurs doomed to eternal quests for competitively priced avocados, Suplyd has emerged as the improbable savior of Egypt’s HoReCa scene, armed with $1.6M in pre-seed funding and a digital toolkit of wizardry. This B2B procurement platform, with all the elegance of a well-timed soufflé, introduces efficiency into the befuddled world of food service supply chains, making old-school sourcing look as quaint as ordering a cup of tea from a galactic vending machine. By seamlessly offering digital order procurement, payment, and fulfillment, Suplyd lets restaurants access an abundant galaxy of on-demand products, saving precious hours previously lost wandering the offline wilderness and ensuring that said goods are acquired at prices that won’t implode their budgetary black holes.


2022. MarginEdge lands $45M to give restaurants real-time spend data



The global restaurant management software market is projected to hit $14.7 billion by 2030. Consequently, startups are actively creating solutions to assist restaurants in expanding and have received substantial venture funding. Examples include OneOrder, TouchBistro, PreciTaste, ConverseNow, Fudo, Owner.com and even Chipotle, which is investing its own funds into emerging restaurant technologies. MarginEdge, a restaurant management and bill payment platform, is the newest to attract fresh investment, securing $45 million in Series C funding. It offers capabilities in invoice processing, inventory control, recipe analysis, budgeting, performance monitoring and supplier bill payment. MarginEdge is currently serving 4,000 clients and handling 80,000 invoices weekly.


2022. OneOrder raises $3M to automate restaurant supply chains



OneOrder, Egypt’s supply chain solutions provider for eateries, has secured $3 million in seed funding. OneOrder enables restaurants to procure food supplies through its online platform, addressing the fragmented supply chain issues that result in fluctuating prices, waste, quality problems and storage expenses. By utilizing its platform, restaurants no longer need to manage numerous suppliers and can order only what they require for next-day delivery, reducing waste and eliminating the need for storage facilities. The platform also promotes operational efficiency and assists restaurants in saving money by leveraging OneOrder’s bulk purchasing advantages.


2022. TouchBistro bakes CAD$150M into restaurant management tech recipe



In a universe where every restaurant seemed eternally puzzled about how to manage menus, orders, and customers all at once, TouchBistro swooped in, armed not with towels but with CAD$150 million in funding—and more impressive, a formidable fleet of over 64,000 iPad-based terminals. These terminals didn’t just sit around twiddling their circuits but busied themselves with taking automated online orders, managing menus and deliveries, offering up contactless payments, and ensuring customers were engaged (even if only to stop them from thinking about the futility of the universe). In a flash of strategic cleverness worthy of Zaphod Beeblebrox himself, TouchBistro gobbled up TableUp in 2020, creating a guest engagement, loyalty, and marketing system that could, in theory, charm even Marvin the Paranoid Android. And when in-person dining was zapped out of existence for a while, they graciously offered online ordering for free—perhaps because they knew that even the most galactic crises can be soothed a bit by a well-managed meal.


2022. SaaS platform klikit saves restaurant kitchens from ‘tablet hell’



In a universe of infinite choice and limited patience, the proliferation of delivery services has blessed customers with more food options than they ever imagined wanting, while consigning restaurant kitchens to a state of perpetual, pulsating chaos. Imagine, if you will, chefs desperately juggling a tangle of devices, each one pinging orders from a different app, creating a cacophony of digital demands that would drive even the most zen of culinary masterminds to the edge. Enter Klikit, a noble crusader against what is known among the tablet-worn as “tablet hell.” Klikit, freshly unveiled from the shadows in Singapore with a cool $2 million in pre-seed funding, has set out to restore peace to Southeast Asia’s kitchens by funneling the unruly flood of orders into a single, manageable platform.


2022. Nigerian restaurant management platform Orda gets $1.1M



Nigeria’s Orda, previously known as StarKitchens, has raised a $1.1 million pre-seed funding round. Orda’s target market is this segment of Africa’s restaurant industry. With its cloud-based software, Orda aims to help these businesses move away from manual methods of managing their operations. Restaurants that utilize the management platform also gain access to a dashboard that enables them to accept and process orders from food delivery services like Jumia Food, Glovo, Bolt Food, as well as in-store, on their websites and through social media channels such as WhatsApp.