Category: Restaurant Tech
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This is the web version of our newsletter. Sign up today to get updates on the rapidly changing nature of the food tech industry. Consolidation of restaurant tech companies has been a topic for years. And in the last few months, deals like PAR’s acquisition of guest loyalty platform Punchh and Squarespace nabbing hospitality company Tock suggest…
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Popmenu, a digital marketing and ordering platform for restaurants, announced today that it has raised a $65 million Series C round of funding. The round was led by Tiger Global Management with participation from new investor Salesforce Ventures and existing investors Bedrock Capital, Base10 and Felicis Ventures. This brings the total amount of funding raised…
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Restaurant management platform Restaurant365 announced this week it has acquired Compeat, which makes software to help restaurants manage their workforce and the back office. Restaurant365 will continue to support Compeat products and customers after the deal goes through, according to a press release sent to The Spoon. Restaurant365 is itself a back-of-house-focused company, with a…
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Restaurant tech company Toast has acquired back-of-house management platform xtraCHEF, according to a Toast statement released today. The deal follows a partnership the two companies launched in 2020. Financial terms were not disclosed. Acquiring xtraCHEF will give Toast access to back office tools that automate tasks like invoicing, budgets, and recipe and inventory management, among…
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Starbucks will reinstate its reusable cup program in the U.S. on June 22, more than a year after suspending the program because of COVID-19-related safety concerns. The Seattle coffee giant halted its longtime reusable cup program in March of 2020. Since then, the chain has only served up beverages in its own to-go cups. However,…
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Vancouver, Canada-headquartered JustKitchen announced this week it is in the process of raising $20 million to expand its network of ghost kitchens and virtual restaurant brands. The company said it is getting $16 million from Canadian investment dealerr Beacon Securities Limited, which will buy 11.9 million shares of JustKitchen at $1.35 per share. JustKitchen is…
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DoorDash today announced the official launch of its delivery service in Japan. This is the San Francisco-based company’s first foray into the Asia market, and its third international expansion after Canada and Australia. Service begins today in Sendai, a city with just over 1 million inhabitants in the northeastern part of Japan. The choice of…
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Stockholm, Sweden-based ghost kitchen startup Curb announced this week it has raised a €20 million (~$24.4 million USD) round led by Point72 Ventures (h/t tech.eu). EQT, an existing investor, also participated in the round. Curb has now raised €23.2 million to date. Curb is only a little over one year old, having been founded in…
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Residents of Oakland, California are pushing back against the opening of a new ghost kitchen location from Travis Kalanick’s super-secretive CloudKitchens company (h/t Berkeleyside). The facility is slated to open in July. But in an online petition, residents argue that the city of Oakland issued permits for the building quickly “without public notice or any…
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The big to-do in the drive-thru lane of late is news that McDonald’s is testing automated ordering at 10 locations in Chicago, Illinois. The tech is based on an acquisition McDonald’s made in 2019 of voice-tech company Apprente. Through it, intelligent systems, rather than human beings, take the drive-thru customer’s order and send it to…
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Pasta-maker Barilla’s Venture Group, BLU1877, announced this week that applications are open for the next cohort of its Good Food Makers accelerator. According to a press release sent to The Spoon, the forthcoming program will be BLU1877’s fourth since starting the accelerator in 2018 with San Francisco, California-based incubator Kitchen Town. Past participants to the…
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McDonald’s has started testing out drive-thrus that use artificial intelligence systems, rather than humans, to take orders. CNBC reported yesterday that the new automated drive-thrus are in use at 10 Chicago McDonald’s locations. The new system is based on the voice platform built by Apprente, which McDonald’s acquired in 2019. According to McDonald’s, restaurants using…
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