Restaurant tech company 86 Repairs has raised an additional $5.3 million, bringing its total funding for its seed round to $7.3 million, according to a press release sent to The Spoon. Investors in this latest raise include TDF Ventures, Gordon Food Service, MATH Venture Partners, Revolution, and Cleveland Avenue. To date, 86 Repairs has raised $8.8 million.
Chicago-based 86 Repairs says the new funds will help the company build out more products for its maintenance and repairs management platform for restaurants.
The 86 Repairs system manages repair and maintenance processes for restaurants by digitizing information about all a restaurant’s equipment, and then handling the bulk of the work when there is an issue. For example, if a walk-in cooler breaks down, the restaurant calls or texts 86 Repairs, who handles things like troubleshooting, warranty checks, and setting up an appointment with a preferred technician. The company says it takes care of all communication, scheduling, and dispatching with a restaurant’s preferred equipment vendors.
The 86 Repairs platform also includes a “data insights” portion that displays things like incident history and overall spend on maintenance repair. The idea is to give restaurants one central location at which to view all data about all maintenance, even for large, multi-unit chains. To that end, a number of different chains already use the platform, including McDonald’s, Jimmy John’s, Sonic, and Famous Dave’s.
As predicted, both interest and investment in restaurant back-of-house technologies has increased since the start of the year. Though U.S. restaurants are for the most part reopened at full capacity, the need for cost-cutting and cost-saving measures is more important than ever.
ResQ, which just raised $7.5 million, is the other notable restaurant tech right now focused on repairs and maintenance.
Software that can digitize the maintenance management process makes sense for larger chains like McDonald’s. For smaller, independent restaurants — the benefits may be a bigger question mark. Spending money on another software subscription may or may not be justifiable, depending on how much a restaurant is able to save in overall maintenance and repair costs.