Category: Coronavirus
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As an old saying goes, “Anything can happen, and most usually does.” And it sure did happen in 2020 for the restaurant industry. Pandemic. Dining room shutdowns. Permanent closures at alarming rates. A seismic shift to takeout and delivery formats. More shutdowns. Complete uncertainty over the state of indoor dining coupled with growing panic over…
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Restaurant tech company Toast today announced a $35 million relief plan for restaurants as winter begins and the pandemic continues to disrupt normal operations. The Boston, Massachusetts-based company said today this “relief package” is in response to the status of the RESTAURANTS act, which is part of a larger stimulus plan and therefore currently stalled…
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It’s our weekend restaurant tech news wrapup. You can subscribe to our newsletter here to get this delivered to your inbox. And now for some final thoughts on The Spoon’s ghost kitchen event, which we held this past Wednesday. For the (virtual) event, we gathered restaurant operators, tech companies, ghost kitchen infrastructure providers, and thought…
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The National Restaurant Association sent a letter to Congressional leadership this week sharing new survey findings on the state of the restaurant industry as it continues to navigate the pandemic. The Association’s letter didn’t mince words: “What these findings make clear is that more than 500,000 restaurants of every business type—franchise, chain, and independent—are in…
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Welcome to our weekly restaurant tech newsletter. Sign up today to get updates on the rapidly changing nature of the food tech industry. At one point most figured it would take about five to 10 years for off-premises to become the industry-wide norm in the restaurant biz and for QSRs to change their store formats accordingly. Instead,…
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Ghost kitchen operator Zuul announced this week it has joined forces with lifestyle brand Thrillist to launch a “rotational ghost kitchen” offering delivery exclusives from top NYC chefs and restaurants. The program will run on Wednesday, Thursday, and Friday nights from Dec. 9 – April 16, according to a press release sent to The Spoon. …
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Months after laying off half its staff, Toast has reached an $8 billion valuation, according to a new report from CNBC. That new valuation, up from $4.9 billion in February of this year, is the result of a secondary sale Toast closed out last week. Through that deal, both current and former employees could sell…
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Digital sales will make up more than half, or 54 percent, of all quick-service and limited-service restaurant sales by 2025, according to new survey numbers from market research firm Incisiv. That’s 70 percent higher than pre-COVID estimates, the firm notes. That projected growth isn’t hard to understand. It’s been an all-out dumpster-fire of a year…
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Social-enterprise-meets-restaurant-business Everytable announced this week it had closed a $16 million Series B funding round to continue its fight against food insecurity. The round was led by Creadev with participation from Kaiser Permanente Ventures, Candide Group, Gratitude Railroad Ventures, Desert Bloom Food Ventures, and Kimball Musk. This round brings Everytable’s total funding to $18.5 million. …
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Back-of-house processes in the restaurant tend to involve a lot more legacy hardware and closed-loop systems, which present significantly different challenges than those at the front of house. That in turn has created a slower innovation pipeline and less interest from investors. This report will examine current back of house processes and technologies as well…
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States and cities across the U.S. have imposed new restrictions and in some cases lockdowns that will once again shutter indoor dining. As they’ve done in the past, these restrictions once again call into question how restaurant tech can help restaurants pandemic-proof themselves and stay in business. A stay-at-home order for Chicago residents goes into effect…
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R-Zero, a biosafety company that makes an IoT-connected UV-C system, announced this week it had raised $15 million in fresh funding. The round was led by DBL Partners with participation from Bedrock Capital and HAX/SOSV. R-Zero says the new funds will allow the company to ramp up production and deployment of its germicidal UV device,…
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