On June 21, 2018, TouchBistro announced that it has raised $72 milion in its Series D Financing. The round was led by OMERS Ventures and JPMorgan Chase, with participation from existing investors, including Napier Park Financial Partners, Recruit Holdings Co. Ltd, BDC IT Venture Fund, and Relay Ventures.
The new funds will be used to support development of the next generation TouchBistro restaurant operating system, development of new payment solutions, expansion into new and existing markets, and to double the size of the team over the next year.
TouchBistro is a Toronto-based software company that provides an iPAD-based point-of-sale (POS) solution for restaurants of all types. TouchBistro streamlines and simplifies all aspects of running a restaurant – from order taking, payment processing, menu management, accounting, reporting, inventory management, and staff scheduling, to customer loyalty. More than 12,000 restaurants in over 100 countries use TouchBistro today and it has grown its recurring monthly revenue by 58 percent over the last year.
Osler, Hoskin & Harcourt LLP represented Napier and Relay with a team consisting of Chad Bayne and David Jamieson (Corporate) and JPMorgan with a team consisting of André Perey and Michael Grantmyre (Corporate).