Category: Restaurant Tech
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On-demand payment service DailyPay announced today it has “secured” $500 million in capital, according to a press release sent to The Spoon. Of that number, $175 million comes from a Series D round led by Carrick Capital Partners with participation from existing investors. The remaining $325 million comes in the form of “credit capital from…
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Burger King said over the weekend it is trialing its first-ever delivery-only restaurant, a location in London, UK that opened on Sunday. The burger chain said this new venture has the potential to reach over 400,000 customers in the North London area. For its first delivery-only initiative, Burger King has partnered with FoodStars, the commissary…
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For many, 2020 will go down in history as the year the restaurant biz changed forever. It could also be remembered as the year restaurants absorbed about 10 years’ worth of technological evolution in the span of a few months. But while last year was all about adopting restaurant tech to survive, the next few…
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Over the last year we’ve seen scores of brick-and-mortar eating establishments turn their restaurants into delivery-only concepts. C3, a hospitality company that runs a portfolio of virtual restaurant brands, has chosen to do things the other way around. This week, the company announced Citizens, a network of brick-and-mortar food halls for its virtual brands. The…
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Grubhub on Wednesday launched Grubhub Direct, a platform independent restaurants can use to build their own online storefronts and process orders free of commission. According to a press release from Grubhub, the platform also gives restaurants control of their customer data. The launch comes after more than a year of heavy criticism of delivery services…
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San Francisco Bay Area-based All Day Kitchens (formerly Virtual Kitchen Co.) announced today it has raised a $20 million Series B round, bringing the company’s total funding to $37.5 million. This round was led by Founders Fund with participation from Khosla Ventures, DoorDash CEO Tony Xu, and Opendoor CEO Eric Wu. Existing investors Andreessen Horowitz…
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Restaurant supply chain software company ChefHero announced today it has officially rebranded as Notch and adjusted its business model to focus on digitizing the wholesale foodservice supply chain for both restaurants and distributors. As ChefHero, the Toronto, Ontario-based company’s platform mainly focused on connecting restaurants with suppliers, providing what was essentially a marketplace for buyers. For…
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Perhaps the old addage “It never hurts to ask” has never been more true than in the case of SAVRpak. The company announced today that it has closed a $3.5 million Series A round of funding led by famed investor Mark Cuban. How did Cuban get involved? SAVRpak’s co-founder and co-CEO Greg Maselli skipped the…
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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. When Berlin, Germany-based Delivery Hero launched its recent Tech Academy recently, it showed us one way to create both more and better jobs in the restaurant industry — and make those available to…
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As of today, Delivery Hero is taking applications to its newly launched Delivery Hero Tech Academy, which aims to promote more diversity and inclusion in the tech industry through education. Done in partnership with the Digital Career Institute (DCI), the program will teach coding languages (Java and Python are specifically called out) to “anyone…
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Not so very long ago, the United States lagged far behind Europe in terms of the widespread availability of food rescue apps. Fortunately, a heightened awareness of the world’s food waste problem has changed this and created opportunities for food rescue companies in the U.S. Case in point: Too Good To Go’s recent expansion westward.…
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As restaurants adopt more technology, the need for a platform that brings all that siloed software under one digital roof grows. Foodetective, is one such company trying to do that with its solution, and today, the company announced that it has raised $2 million in seed funding for its Foodetective for Business platform. The round…
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