Source: To secure early-stage funding, entrepreneurs should build ESG into their business models
Summary
Investment managers who follow ESG metrics make economic and investment sense in the long run, despite recent controversy and pressure from some Republican politicians. The ESG investment market is expected to be worth $53 trillion globally by 2025.
Facts
Source: Restaurant365 gobbles up $135M to supersize its software for the food service industry
Summary
Restaurant365, which provides restaurant management software, has raised $135m in funding from investors, co-led by KKR and L Catterton and with participation from ICONIC Growth and Bessemer Venture Partners. The start-up’s software provides an all-in-one solution for accounting, analytics, staff and inventory management. The additional funding will be used to develop the company’s product range and potentially expand its customer base.
Fact
💰 The company has raised $135m in funding from KKR and L Catterton as well as ICONIC Growth and Bessemer Venture Partners.
📈 The restaurant management software start-up had a $305m valuation in 2019, according to PitchBook.
💻 Its software, used by 40,000 locations, provides accounting, analytics, staff and inventory management.