Restaurant operations tech company Zenput has raised $27 million in Series C funding. The round was led by Golub Capital with participation by existing investors, including Jackson Square Ventures, MHS Capital, and Goldcrest Capital. It brings Zenput’s total funding to date to over $47 million, according to a company press release.
San Francisco-based Zenput calls its tech an “operations execution platform.” With it, multi-unit restaurant operators, grocery stores, and convenience stores can release new operating procedures and health and safety protocols and enforce them across all units. Businesses can update all of their locations at the same time whenever a new policy or procedure gets rolled out. Zenput can also track how well each unit is complying with standards and procedures. The system can also be used to distribute new promotional campaigns across all units.
Leading brands in the restaurant and convenience store industries, including Chipotle, Five Guys, P.F. Chang’s, and 7-Eleven, are current customers of Zenput.
Zenput says it has “approximately” 100 percent revenue growth over the last year and saw daily activities on the platform increase by 150 percent per store. The platform’s apparent popularity makes sense, given that restaurants have had to continually change and update policies in order to accommodate COVID-19-related restrictions and regulations. “The challenges of the past year really underscored for our customers the criticality of being able to manage the complexities and overall execution of work in one central place, especially when an operator might have dozens, hundreds or thousands of locations,” Vladik Rikhter, Zenput’s CEO and cofounder, said in a statement.
He added that the new funds will largely go towards building new products that can address additional areas of operations.
Zenput currently serves over 500 customers across 50,000 locations in 40 different countries. The funding will also go towards expanding this customer base.
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