Skift Take
Several fast casual restaurant chains paired up with private equity firms this month in order to scale, and Tock is fueling up for a big year ahead.
The restaurant funding landscape is a fast-moving game of private equity firms hunting for the next fast casual hit, tech startups endlessly chasing venture capital, and thundering waves of Softbank cash.
In an attempt to keep track of all the dollars that are flying around the restaurant startup space, we'll be highlighting everyone who has raised rounds of funding on a monthly basis, from the tech vendors to the operators they are trying desperately to reach.
November kicked off with Softbank pouring hundreds of thousands of dollars in pizza-slash-robotics company Zume and didn't slow down from there: Sweetgreen reached unicorn status, food delivery consolidator Checkmate took outside funding for the first time, and Tock closed out the month by announcing its largest round of funding to date.
Tech Vendors:
Tock
Amount Raised: $9.5 million
Lead Investors: Valor Equity Partners (Eatsa, Rōti M
