Local Kitchens raises $25M, eyes market expansion

The digital food hall provider will use the funding to grow further into new California markets, as well as other regions. 

By Julie Littman • June 29, 2021

Dutch Bros IPO prices above forecast for $3.8B valuation

The coffee chain will go public on the New York Stock Exchange Wednesday and raised the price of its shares to $23 each, an increase from its previously announced pricing of $18 to $20 per share.

By Alicia Kelso • Updated Sept. 15, 2021

Explore the Trendline➔

Restaurant Financing

With ongoing macroeconomic pressures facing restaurants, operators are entering into alternative financing, mergers and acquisitions and even bankruptcy to sustain their businesses. 

By Restaurant Dive staff

Danny Meyer's equity group invests $21.5M in 7shifts' labor technology

7shifts will use the funding to scale its team and expand its product offerings, including scheduling and employee communication platforms.

By Alicia Kelso • May 26, 2021

Ghost kitchen provider JustKitchen to raise $20M as it plots US expansion

The company will enter Seattle and several California cities as part of its international growth plan, and will use the funds to develop software and build more spoke kitchens.   

By Julie Littman • Updated June 9, 2021

Goldbelly snags $100M after seeing 300% growth in 2020

The novelty food delivery service will put this capital infusion toward scaling its technology and operations and accelerating the onboarding of new chefs and restaurants. 

By Emma Liem Beckett • May 19, 2021

DoorDash boosts revenue nearly 200% despite driver shortage

The company worked to improve its network efficiency, expanded its marketing to gain more drivers and improved conversion rates to help overcome the impacts of a delivery courier shortage. 

By Julie Littman • May 14, 2021

Sweetgreen files for IPO

The news comes on the heels of a $156 million cash infusion led by Lone Pine Capital in January, as well as the chain's plans to pilot a drive-thru this year and invest in suburban expansion.

By Emma Liem Beckett • Updated June 21, 2021

Krispy Kreme files for $100M IPO

The company shared in a Form S-1 document Tuesday that it will use the money to pay off outstanding debt. 

By Julie Littman • Updated June 1, 2021

Cava will use $190M funding to continue investing in AI-driven personalization, CEO says

The chain also recently began testing near-field communication technology so diners can "pay in store and apply loyalty with one action," Brett Schulman wrote in an email.

By Emma Liem Beckett • April 30, 2021

Deliverect lands another $65M in funding, 1 year after raising $18M

The tech company will use the cash infusion to support further R&D, solidify its position in the U.S. and continue its international expansion.

By Alicia Kelso • April 21, 2021

Squarespace files to go public through a direct listing

The website-building platform, which has over 3 million subscribers including restaurants, makes the move weeks after completing its acquisition of reservation system Tock. 

By Julie Littman • April 19, 2021

Slice secures $40M in additional funding

The company plans to expand its vertical platform for its 15,000-plus pizzeria partners, add new products and scale its Slice Accelerates program, which provides $15,000 worth of tech assistance. 

By Julie Littman • April 14, 2021

Par Technology expands into loyalty with $500M Punchh acquisition

The addition of the loyalty and guest engagement firm will help Par create an all-in-one cloud platform for its 100,000-plus global restaurant clients.

By Julie Littman • April 9, 2021

Chipotle invests in self-driving delivery company Nuro

This marks the first time the fast casual chain has significantly funded a third-party technology company since 2018 and follows recent tech acquisitions by McDonald's and Yum Brands.

By Julie Littman • March 25, 2021

What Olo's $450M IPO means for the restaurant industry

Founder and CEO Noah Glass talks about how he wants to expand Olo's digital ordering capabilities with an influx of capital after shares rose 39% during day one of trading.

By Julie Littman • March 19, 2021

Torchy's Tacos eyeing IPO, Bloomberg reports

The fast casual chain, which added 12 new units in 2020, could raise $300 million and debut with a $1 billion valuation, per the publication. 

By Julie Littman • March 15, 2021

Shake Shack borrows $225M to support expansion plans

The funding will be used to aid opening additional units, new store formats and drive-thrus, as well as improvements to the digital guest experience and further investments in talent development. 

By Julie Littman • March 2, 2021

Olo files to go public with $100M offering

The software company posted a 94% increase in revenue during 2020 as customers shifted toward digital ordering channels during the pandemic. 

By Julie Littman • Feb. 23, 2021

Toast considering IPO valued at $20B, WSJ reports

The software company, which processed 50 million digital guest orders in 2020, is also exploring a sale or merger with a special purpose acquisition corporation, per the publication.

By Julie Littman • Feb. 22, 2021

Danny Meyer's SPAC seeks $250M in IPO

USHG Acquisition Corp. isn't interested in just restaurant companies, listing businesses from tech to e-commerce and health to retail for potential mergers.

By Emma Liem Beckett • Feb. 8, 2021