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About ResQ
Industries
Industrial & Manufacturing
Enterprise Software
Company Size
51-200
Company Stage
Series A
Total Funding
$46.7M
Headquarters
Toronto, Canada
Founded
2018
Overview
ResQ offers a platform for managing repair and maintenance operations tailored for multi-location businesses like restaurants and retail chains. Users can create work orders by categorizing issues or scanning QR codes, which are then approved by the appropriate personnel. The platform connects businesses with a marketplace of vetted vendors and provides real-time data to help reduce repair costs and improve efficiency. ResQ aims to streamline maintenance processes and enhance decision-making for its clients.
Simplify's Take
What believers are saying
- ResQ raised $39 million in Series A funding to expand its platform.
- Integration with IoT devices enhances predictive maintenance capabilities.
- Growing sustainability trends allow ResQ to offer eco-friendly repair solutions.
What critics are saying
- Increased competition may dilute ResQ's market share.
- Economic downturns could challenge the subscription-based model.
- Rapid expansion may strain operational capabilities, affecting service quality.
What makes ResQ unique
- ResQ offers a comprehensive platform for repair and maintenance management.
- The platform provides real-time data and insights for informed decision-making.
- ResQ's marketplace connects businesses with vetted vendors for reliable service.
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Funding
Total Funding
$46.7M
Above
Industry Average
Funded Over
2 Rounds
Tiger GlobalIndustry standards
Benefits
Flexible Work Hours
Remote Work Options
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↓ -6%2 year growth
↓ -3%Toronto-based SaaS startup ResQ has raised $48.5 million CAD ($39 million USD) from a Series A funding round. Co-led by Tiger Global and Canvas Ventures, the raise also saw participation from other investors in the culinary, restaurant technology, and e-commerce industries.
Restaurant tech startup ResQ has raised $39 million in Series A funding co-led by Tiger Global and Canvas Ventures.
ResQ, which does end-to-end equipment repairs for over 4,000 restaurant groupsfrom Taco Bell to Tim Hortonshas raised a $39 million Series A co-led by Tiger Global and Canvas Ventures.
ResQ, which does end-to-end equipment repairs for over 4,000 restaurant groups — from Taco Bell to Tim Hortons — has raised a $39 million Series A co-led by Tiger Global and Canvas Ventures. The capital, which includes investments from Homebrew, Inovia Capital and Golden Ventures, comes just months after the startup announced its $7.5 million […]
ResQ announced today that it has raised $7.5 million in seed funding led by Homebrew, Golden Ventures and Inovia Capital.
ResQ is Hiring for 5 Jobs on Simplify!
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About ResQ
Industries
Industrial & Manufacturing
Enterprise Software
Company Size
51-200
Company Stage
Series A
Total Funding
$46.7M
Headquarters
Toronto, Canada
Founded
2018
ResQ is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today