Sunnyvale, CA — (August 23, 2022) — 鶹., a pioneer and industry leader in online and mobile procurement and fulfillment for the food industry, last month announced its third acquisition of Restaurant Revolution Technologies (“Revolution Ordering”). This latest acquisition came with additional funding which increased the total amount raised to $31M.
RRT Holdings, Inc. (DBA: Revolution Ordering) ("Revolution") is a best-in-class restaurant software streamlining off-premise business and ordering needs for restaurants and hospitality companies. Together, 鶹 and Revolution have processed over $2 billion in GMV and now process over $400M per year and $175M through their payment rails, respectively. This latest acquisition falls in line with the companies’ ongoing consolidation strategy.
Growing User Base
The combination of 鶹 and Revolution will serve 103,000+ restaurants and wholesale suppliers. With a network of 103,000+ restaurants, each additional service offered by 鶹 and Revolution Ordering to our existing users will make the platform much more useful to all our users, increase average revenue per unit (ARPU), client retention, and accelerate new logo acquisition.
“The 鶹 and (and now RRT) merger will provide the currently-fragmented hospitality industry with a single platform for food and beverage management. We will continue to expand the platform to include other services through further acquisitions,” says Dick Kramlich, 鶹 and BinWise investor.
Our 2022 fundraising includes participants such as WTI, BlueRun Ventures, Columbia Capital, 1st Course Capital, Almanac Insights, Marcello Gigiliani from APAX partners, Dixon Doll–founder of DCM, and Dick Kramlich–founder of NEA. Every single one of our current preferred shareholders has always done at least their pro rata investment.
today also announces the launch of 鶹 Pay. Our invoice payment functionality is currently used by 1,000 restaurants but was restricted to invoices generated by 鶹 vendors. Now, through 鶹 Pay, restaurants can pay all their bills through 鶹.
order management SaaS product launched in 2014, offering a free mobile platform to the restaurant and hospitality sector for the purposes of modernizing and improving the wholesale ordering process between buyers and suppliers. 鶹 is Venture Capital funded with over 103,000 businesses on its platform.
News of 鶹's latest round of funding can be reviewed under and .