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Overview
Restaurant365 provides a subscription-based cloud software platform for restaurant management. It unites core operations like accounting, inventory, labor, and scheduling into one system for restaurants ranging from a single location to large franchises. The platform automatically pulls detailed sales and labor data from the POS system to generate daily accrual journal entries for the general ledger, helping save time and improve accuracy. It also offers real-time performance tracking and administrative streamlining across the employee lifecycle (hiring to payroll), allowing managers to focus on guest experiences. Franchisees can benchmark against other locations and the company to gauge performance and identify what works. The company has a large partner ecosystem with over 400 vendors and technology partners to extend functionality. Its goal is to help restaurants run more efficiently, make data-driven decisions, and scale their operations across locations.
About Restaurant365
Industries
Data & Analytics
Enterprise Software
Company Size
1,001-5,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$437.5M
Headquarters
Irvine, California
Founded
2011
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Simplify's Take
What believers are saying
- R365 AI reduces labor forecast error by 15% and saves approximately $100,000 annually across 10 locations.
- AI Dashboards enable natural-language prompting for real-time visibility into food, labor, and operational performance metrics.
- Integration with over 400 vendor and technology partners delivers unmatched business visibility and scalable management solutions.
What critics are saying
- MarginEdge and Plate IQ offer COGS tracking 30–40% cheaper, driving a 40–55% probability of suite unbundling in 6–12 months.
- Toast's deep integration creates a single point of failure; a 25–40% probability of R365 losing distribution exists in 12–18 months.
- R365 AI fails if operators adopt fragmented tools like Supy plus QuickBooks, creating a 35–50% retention risk in 6–12 months.
What makes Restaurant365 unique
- R365 AI is the only engine built on unified full P&L, accounting, inventory, labor, and POS data.
- It is a single all-in-one cloud system for restaurant accounting, inventory, payroll, workforce management, and operations.
- R365 connects accounting, inventory, labor, scheduling, and POS data uniquely in one system of action for operators.
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Funding
Total Funding
$437.5M
Above
Industry Average
Funded Over
5 Rounds
Bessemer Venture Partners
Tiger GlobalBenefits
Health Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Wellness Program
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 4%Restaurant365, a California-based all-in-one management platform for the restaurant industry, announced a $175 million funding round in May. This follows their $135 million raise last year, solidifying their unicorn status with a valuation over $1 billion. At the NRA Show, R365 introduced new features like "Employee Training" and "Task Management." The funding was led by ICONIQ Growth, with participation from KKR and L Catterton. R365's growth is attributed to its integration with Toast's platform.
Restaurant365 announced a $175 million funding round led by ICONIQ Growth, with participation from KKR and L Catterton. The funds will support sales growth, product innovation, and acquisitions. This follows 12 consecutive quarters of exceeding sales targets. The investment will expand enterprise features, grow the workforce and payroll product suite, and strengthen the balance sheet for future acquisitions. This round follows the acquisition of ExpandShare, an AI-powered learning management system.
Restaurant365, an all-in-one restaurant enterprise management platform, has finalized the acquisition of ExpandShare, a learning-management system built for restaurants to deliver and track training content quickly and easily across platforms. "Guest satisfaction is paramount to restaurant success, and the main…
(Reuters) - US cloud-based restaurant manager Restaurant365 has become a 'unicorn' following a $135 million funding round, the company said on Friday.
IRVINE, CA and AUSTIN, TX– June 10, 2021 – Restaurant365, the leading all-in-one restaurant management platform, today announced the acquisition of Co.
Restaurant365 is Hiring for 9 Jobs on Simplify!
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About Restaurant365
Industries
Data & Analytics
Enterprise Software
Company Size
1,001-5,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$437.5M
Headquarters
Irvine, California
Founded
2011
Restaurant365 is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today