cloudyn.png
Wednesday November 25th, 2020 6:16AM

Popmenu Raises $17M Series B to Expand Platform Capabilities, Providing Critical Support To Restaurants As They Navigate COVID And Beyond

By The Associated Press

ATLANTA--(BUSINESS WIRE)--Oct 15, 2020--

, an all-in-one digital marketing and ordering SaaS platform for restaurants, announced today that it has raised a $17 million Series B funding round. led the investment, with participation from existing investors and as well as new investors Mantis Ventures and Chapter One Ventures. Popmenu plans to use the funding to accelerate development of features that will help restaurants attract, engage and provide streamlined ordering for customers in more powerful and cost-efficient ways than ever before.

This press release features multimedia. View the full release here:

Popmenu founders Brendan Sweeney, Mike Gullo, Justis Blasco and Tony Roy (Photo: Business Wire)

Popmenu's innovative platform has enabled thousands of restaurants to connect with their guests online, manage their own online ordering, and protect their profitability against expensive third-party platforms. Popmenu provides restaurant owners with a dynamic menu-centric website built with SEO in mind, along with a full suite of marketing tools spanning email, SMS, social, Google My Business, and real-time menu management.

“So many industries have experienced radically accelerated trends through the COVID crisis, probably none more so than the restaurant industry,” said Brendan Sweeney, CEO and co-founder of Popmenu. “We’ve seen incredible adaptation, creativity and resilience from our clients across the country. We’re proud to have equipped them with features from online ordering to contactless menus to automated smart messaging that helped them put their best foot forward despite uncertainty all around them. They’ve embraced technology as key to weathering these challenging times. We are fired up to give them even more help attracting guests and reducing costs and complexity on the road to recovery.”

Spencer Peterson of Bedrock Capital said, “Popmenu’s impressive growth trajectory has been propelled by Brendan and Tony’s empathy for restaurant owners. Their unique product approach empowers independent restaurants and large chains alike to meet online demand — an increasingly critical channel for all restaurants. Bedrock is delighted to lead this investment.”

Popmenu’s growth has been fueled by the growing needs of independent restaurants and multi-concept hospitality groups alike. From boosting online ordering revenue of community staple Terra Terroir in Atlanta, to streamlining marketing automation and processes across locations of famed Los Angeles hotspot Urth Caffe, Popmenu’s platform is uniquely designed to meet the needs of independent restaurants of all sizes.

Rexhi Dollaku of Base10 Partners said, "Popmenu already had a broad and differentiated feature set when we led their Series A last year. We’ve been so impressed by the team’s rapid response to expand their platform in response to the COVID-19 pandemic. They have helped thousands of their clients survive and thrive regardless of local market conditions. It's very much become a Shopify for restaurants, giving control over engaging and transacting with guests exactly when restaurants need it the most."

Milan Koch of Mantis VC, which is a recently formed fund created by the music duo The Chainsmokers, said "When Alex, Drew and I met the Popmenu team, it was obvious to us right away how much they really cared about restaurateurs. Having close ties with owners and hospitality groups worldwide and knowing the unique challenges they face, we got excited about how Popmenu’s product could help impact their businesses in so many different ways."

“When the COVID-19 crisis began, we totally shared our clients’ anxiety,” said Sweeney. “But we put our heads down, focused on how we could help, and just tried to match their hustle in getting up every day and giving our all. We have received notes from hundreds of clients thanking us for being there for them through the darkest of times, which is incredibly humbling and has only galvanized our ambition to deliver a product that will help their business perform better than ever on the other side of these difficult times.”

Popmenu is a full-service marketing and customer engagement platform built for independent restaurants. The cloud-based SaaS platform helps restaurant owners give potential guests everything they need before booking a reservation by way of custom-built websites and a revolutionary online menu platform. Popmenu empowers restaurants to take back control of the conversation with its guests and fight third-party platforms that have gotten in the way of their success.

Popmenu is helping drive the future of restaurant guest engagement by taking a revolutionary approach with our patent-pending, cloud-based, dynamic and interactive platform. Popmenu powers the consumer experience for thousands of restaurants across the US and beyond.

Website:

Bedrock is a global investment firm that invests in breakthrough technology companies upending conventional narratives. The firm and its founding partners have been amongst the earliest investors in companies including Lyft, Wish, Nubank, Canva, RigUp, Lambda School, The Athletic and Rippling. Founded in late 2017, Bedrock is headquartered in the United States and currently manages approximately half a billion dollars. See .

Base10 is a San Francisco-based early-stage venture firm investing in Automation for the Real Economy. Founded by Adeyemi Ajao and TJ Nahigian, the firm invests in technology companies that are bringing automation to sectors of the Real Economy, including industrial logistics, consumer logistics, restaurants, financial services, and sales & customer service. Portfolio companies include ThePillClub, Virtual Kitchen Company, Acquire, PopMenu, and others. Connect via .

Founded in 2006, Felicis Ventures is a venture capital firm that has backed 27 companies valued at $1B or more. Felicis invests in iconic companies reinventing core markets (Opendoor, Flexport), as well as those creating frontier technologies (Ginkgo Bioworks, Recursion Pharmaceuticals). More than 80 Felicis portfolio companies have been acquired or gone public, including Adyen (IPO), Guardant Health (IPO), Fitbit (IPO), Shopify (IPO), Meraki (acquired by Cisco), Twitch (acquired by Amazon) and Ring (acquired by Amazon). To learn more, please visit .

MANTIS Venture Capital, in partnership with The Chainsmokers, is an early stage technology investment firm supporting the most innovative companies that are seeking to disrupt existing frameworks of business that feature direct distribution, scalable revenue, and prioritization of the user experience. Founded in 2019, Mantis VC has launched a $35M Fund I to invest in rapidly growing companies at the Seed and Series A. The firm is headquartered in Los Angeles with an additional office in San Francisco.

View source version on businesswire.com:

CONTACT: Sara Delgado

sara.delgado@popmenu.com

404.862.5085

KEYWORD: GEORGIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: MARKETING RETAIL COMMUNICATIONS TECHNOLOGY RESTAURANT/BAR SOFTWARE

SOURCE: Popmenu

Copyright Business Wire 2020.

PUB: 10/15/2020 06:30 PM/DISC: 10/15/2020 06:30 PM

http://www.businesswire.com/news/home/20201015006106/en

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News, AP Online - Georgia News, AP Business Wire - Georgia, AP Business - Industries, AP Business - Financial Services
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Tourists return to Hawaii amid ever-changing pandemic rules
Coronavirus-weary residents and struggling business owners in Hawaii will be watching closely as tourists begin to return to the islands on Thursday without having to self-quarantine upon arrival
6:44PM ( 8 minutes ago )
DOJ charges Texas billionaire in $2 billion tax fraud scheme
Federal prosecutors have charged Texas billionaire Robert Brockman in a $2 billion tax fraud scheme that they say is the largest such case against an American
6:42PM ( 9 minutes ago )
Oakland, Portland sue over use of federal agents at protests
The cities of Oakland and Portland, Oregon have sued the U.S. Department of Homeland Security and the Justice Department, alleging that the agencies are overstepping constitutional limits in their use of federal law enforcement officers to tamp down on protests
6:38PM ( 13 minutes ago )
Associated Press (AP)
Electric cars, homes and shops: NJ's clean energy future?
Gasoline-powered vehicles would become a thing of the past, and nine out of every 10 buildings in New Jersey would be heated and cooled by electricity instead of natural gas or oil under an ambitious plan laid out Thursday by the state’s environmental regulators
5:40PM ( 1 hour ago )
Residente signs with Sony Music to create TV, films and more
The artist known as Residente has directed his own music videos and now he will help develop TV shows, films and other on-screen content for a global market
5:37PM ( 1 hour ago )
NBC holds fast to dueling town halls despite celebrity anger
NBC News isn't backing down from its decision to schedule President Donald Trump for a town hall in the same time slot that his Democratic opponent, Joe Biden, is speaking on ABC
5:30PM ( 1 hour ago )
AP Business
German water utility pulls plug on Tesla over unpaid bills
A German utility company says it has shut down the pipes supplying Tesla with water for the construction of a factory near Berlin because the automaker hasn’t paid its bills
1:57PM ( 4 hours ago )
Stocks fall on Wall Street as coronavirus spreads in Europe
Stocks are falling on Wall Street, putting the market on track for its third straight loss this week
1:47PM ( 5 hours ago )
Shares of Chinese retailer Miniso jump in 1st day of trading
Miniso, a Chinese discount retailer known for its fashionable but affordable household products, raised $608 million in a U.S. initial public offering in New York
1:26PM ( 5 hours ago )
AP Business - Corporate News
NFL will be cautious with players, coaches who have symptoms
The NFL plans to take a cautious approach that may force players and coaches reporting flu symptoms to miss games without testing positive for COVID-19
5:16PM ( 1 hour ago )
C Barnes in Dodgers lineup with Kershaw for Game 4 vs Braves
Austin Barnes is back in the Los Angeles Dodgers lineup to catch lefty ace Clayton Kershaw in Game 4 of the National League Championship Series against the Atlanta Braves
5:05PM ( 1 hour ago )
Long view: Falcons, Vikings have veered off contending track
The Atlanta Falcons have hit the reset button with a dual in-season dismissal of their general manager and head coach
4:24PM ( 2 hours ago )
AP Online - Georgia News
AP Business Wire - Georgia
As election uncertainty sweeps markets, the pros hold steady
This presidential election is clearly unlike any other, but investors might be wise to treat it just like most of the previous ones
11:38AM ( 7 hours ago )
California heat wave prompts power shutdowns, fire danger
More than 50,000 California utility customers are without power because of a fall heat wave that has brought another round of extreme wildfire danger
10:22AM ( 8 hours ago )
China fires 2 health officials following new virus outbreak
A hospital president and the director of the health commission in the northern Chinese city of Qingdao have been fired after China’s latest coronavirus outbreak
12:14AM ( 18 hours ago )
AP Business - Industries
Bank profits remain resilient despite lingering pandemic
JPMorgan Chase, Citigroup, Wells Fargo and Bank of America saw their profits partly recover from the depths of the coronavirus-caused recession earlier this year, mostly because the banks see the U.S. economy improving and are setting aside less money to cover potentially bad loans
4:36PM ( 1 day ago )
Industrial nations consider extending debt relief over virus
The world’s major economies are considering a proposal to extend for six months a moratorium on debt payments by poor nations as a way to provide support during the worst global recession since the 1930s
12:04PM ( 1 day ago )
UnitedHealth tops profit forecast, finally hikes outlook
UnitedHealth Group beat third-quarter forecasts, and the nation’s largest health insurance provider finally hiked its 2020 earnings outlook after holding off while trying to sort out COVID-19’s impact
11:29AM ( 1 day ago )
AP Business - Financial Services
DOJ charges Texas billionaire in $2 billion tax fraud scheme
Federal prosecutors have charged Texas billionaire Robert Brockman in a $2 billion tax fraud scheme that they say is the largest such case against an American
6:42PM ( 10 minutes ago )
Tourists return to Hawaii amid ever-changing pandemic rules
Coronavirus-weary residents and struggling business owners in Hawaii will be watching closely as tourists begin to return to the islands on Thursday without having to self-quarantine upon arrival
6:44PM ( 8 minutes ago )
Oakland, Portland sue over use of federal agents at protests
The cities of Oakland and Portland, Oregon have sued the U.S. Department of Homeland Security and the Justice Department, alleging that the agencies are overstepping constitutional limits in their use of federal law enforcement officers to tamp down on protests
6:38PM ( 14 minutes ago )
The Latest: NCarolina virus numbers head in wrong direction
North Carolina’s top public health official is warning that the state’s coronavirus numbers are heading in the wrong direction as the Democratic governor considers whether to tighten restrictions or reopen more of the economy
6:15PM ( 37 minutes ago )
Black man's family views graphic video of in-custody death
Family members viewed graphic body-camera video this week of a Black man who died in Louisiana State Police custody following a high-speed chase
6:10PM ( 41 minutes ago )