TouchBistro
Founded Year
2011Stage
Private Equity | AliveTotal Raised
$319.22MLast Raised
$110M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-86 points in the past 30 days
About TouchBistro
TouchBistro is a company that focuses on providing an all-in-one point of sale (POS) and restaurant management system in the restaurant industry. The company offers a range of services including front of house, back of house, and guest engagement solutions, which help restaurateurs streamline their operations, manage their menu, sales, staff, and more. These services are designed to increase sales, improve guest experiences, and save time and money. It was founded in 2011 and is based in Toronto, Ontario.
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ESPs containing TouchBistro
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The physical point-of-sale market refers to the range of hardware and software solutions used to process transactions at retail and other physical locations. Physical point-of-sale systems typically include a combination of hardware components, such as a terminal, card reader, and cash drawer, and software that allows for transaction processing, inventory management, and other business functions. …
TouchBistro named as Challenger among 15 other companies, including Fiserv, Block, and PayPal.
TouchBistro's Products & Differentiators
POS
TouchBistro Point- of- Sale is a powerful platform built specifically for restaurants. Fast, reliable, and easy-to-use, TouchBistro POS has all the features needed to streamline operations and boost the bottom line
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Research containing TouchBistro
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned TouchBistro in 1 CB Insights research brief, most recently on Sep 21, 2022.
Expert Collections containing TouchBistro
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
TouchBistro is included in 5 Expert Collections, including Restaurant Tech.
Restaurant Tech
1,075 items
Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, cloud kitchens, and more. On-demand food delivery services are excluded from this collection.
Payments
3,034 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech 100
500 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Fintech
13,413 items
Excludes US-based companies
Canadian fintech
345 items
TouchBistro Patents
TouchBistro has filed 2 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
12/28/2011 | 12/6/2016 | Han character input, Input methods, Input/output, GPS navigation devices, Personal computers | Grant |
Application Date | 12/28/2011 |
|---|---|
Grant Date | 12/6/2016 |
Title | |
Related Topics | Han character input, Input methods, Input/output, GPS navigation devices, Personal computers |
Status | Grant |
Latest TouchBistro News
Sep 14, 2024
Fourth announced the release of Fourth iQ, an AI platform designed to optimize workforce and inventory operations for restaurant chains. 9.14.2024 This week in restaurant technology saw a wave of innovation, with companies launching new AI-powered solutions, streamlining operations, and addressing critical industry challenges. Following are highlights of some of the top stories: Fourth Debuts AI Platform for Restaurants: Fourth announced the release of Fourth iQ, an AI platform designed to optimize workforce and inventory operations for restaurant chains. Early adopters like Pizza Hut, Noodles & Company, and Chili’s are already seeing significant benefits, including increased sales forecasting accuracy and reduced labor costs. ConverseNow and Adora POS Partner to Automate Phone Orders: ConverseNow , a leading provider of voice AI for restaurants, partnered with Adora POS to offer automated phone ordering capabilities. This integration allows restaurants to streamline order taking, improve efficiency, and enhance the customer experience. TouchBistro Expands Back-of-House Solutions: TouchBistro launched Inventory Management and Labor Management solutions following its acquisition of Peachworks. These new offerings aim to help restaurants improve profitability, streamline operations, and enhance the guest experience through data-driven insights and automation. WorkJam Streamlines Task Management with Task Connect: WorkJam introduced Task Connect, a solution designed to consolidate task management across multiple systems. This innovation aims to reduce digital fatigue for frontline employees and enhance productivity by providing a single, streamlined interface for managing tasks. Obvlo Sets New Standard for Personalized Hotel Destination Guides: Obvlo announced its AI-powered platform can now create dynamic, personalized hotel destination guides in just 60 minutes. This breakthrough offers hotels a cost-effective way to provide guests with up-to-date, relevant, and engaging local recommendations. DailyPay Partners with Montage International to Enhance Employee Financial Wellness: DailyPay partnered with Montage International to provide its employees with earned wage access. This benefit allows team members to access their pay as they earn it, improving financial wellness and reducing financial stress. OysterLink Offers Free Job Postings to Combat Hospitality Labor Shortage: OysterLink , a new restaurant and hospitality job platform, is offering free job postings to employers. The platform aims to address the industry’s labor shortage by providing a modern and accessible solution for connecting businesses with potential employees. Checkers and Rally’s Drive Lapsed User Engagement with Mobile Gaming Rewards: Checkers and Rally’s renewed its partnership with Mobivity ‘s Connected Rewards platform, which links brand promotions to mobile game downloads and gameplay. This strategy has proven successful in re-engaging lapsed customers and driving offer redemption rates. This week’s news highlights the ongoing innovation and evolution within the restaurant technology landscape. As the industry continues to face challenges and adapt to changing consumer demands, technology is playing an increasingly vital role in driving efficiency, enhancing guest experiences, and shaping the future of dining.
TouchBistro Frequently Asked Questions (FAQ)
When was TouchBistro founded?
TouchBistro was founded in 2011.
Where is TouchBistro's headquarters?
TouchBistro's headquarters is located at 85 Richmond Street W, Toronto.
What is TouchBistro's latest funding round?
TouchBistro's latest funding round is Private Equity.
How much did TouchBistro raise?
TouchBistro raised a total of $319.22M.
Who are the investors of TouchBistro?
Investors of TouchBistro include Francisco Partners, Kensington, BDC Venture Capital, Napier Park Global Capital, OMERS Ventures and 14 more.
Who are TouchBistro's competitors?
Competitors of TouchBistro include Revel Systems, Stripe, PayNearMe, YapStone, Hypur and 7 more.
What products does TouchBistro offer?
TouchBistro's products include POS and 4 more.
Who are TouchBistro's customers?
Customers of TouchBistro include El Alatkat, Katty Chavez and Crosstown Grill, Jim Nichols.
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Compare TouchBistro to Competitors
Stripe operates as a technology company that specializes in online payment processing and financial infrastructure for Internet businesses. The company provides a suite of products that enable businesses to accept payments, manage billing and subscriptions, handle in-person transactions, and integrate various financial services into their operations. Its platform is designed to support startups, enterprises, and everything in between with scalable, API-driven solutions. Stripe was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.
Lemonway is a payment institution that specializes in providing payment processing and wallet management solutions for marketplaces, crowdfunding platforms, and e-commerce websites. The company offers a modular payment system that enables clients to handle transactions, from collection to disbursement, with a focus on KYC/AML regulatory compliance. Lemonway primarily serves the e-commerce industry, crowdfunding platforms, and other online marketplaces. It was founded in 2007 and is based in Paris, France.
Pine Labs is a merchant platform that provides payment solutions across various business sectors. The company offers services including in-store and online payment processing, customer loyalty programs, prepaid and gifting services, and analytics. Pine Labs serves sectors such as electronics, lifestyle, automobile, grocery, healthcare, and hospitality. It was founded in 1998 and is based in Noida, India.
PayNearMe develops technology to facilitate the end-to-end customer payment experience. It offers a billing and payment platform. Its platform helps users pay with cash for a range of goods and services from companies in e-commerce, property management, consumer finance, and transportation, enabling businesses and government agencies as well as retail stores to digitize cash collection processes. PayNearMe was formerly known as Handle Financial. The company was founded in 2009 and is based in Santa Clara, California.
ToneTag is a company specializing in soundwave-based communication and payment technologies within the financial and retail sectors. The company offers a range of products that facilitate contactless payments, voice-assisted transactions, and sound-based data communication for businesses and customers, ensuring secure and convenient interactions. ToneTag's solutions cater to various business types, including grocery, food and beverage, and banking services, providing them with tools for in-store and online operations. It was founded in 2013 and is based in Bengaluru, India.
Cellulant develops an electronic payment service connecting customers with banks and utility services to create a payment ecosystem. It offers a single application program interface payments platform that provides locally relevant and alternative payment methods for global, regional, and local merchants. Its platform enables businesses to collect payments online and offline while allowing anyone to pay from their mobile money, local and international cards, and directly from their bank. It was founded in 2004 and is based in Nairobi, Kenya.
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