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Bite, a provider of intelligent kiosk solutions for fast-casual and quick-service restaurants, announced it has secured $9,000,000 in a Series A funding round led by Staley Capital.
Bite, a provider of intelligent kiosk solutions for fast-casual and quick-service restaurants, announced it has secured $9 million in a Series A funding round led by Staley Capital, according to a press release.
Other participants included Graham Partners, Food-X, One Way Ventures and Tamarisc Ventures.
“The restaurant industry is facing a very challenging environment, struggling to generate profits in the midst of an unprecedented labor shortage, rising minimum wages and cost inflation,” Brandon Barton, CEO at Bite, said in the release. “Bite’s self-service kiosk software gives restaurants the tools to succeed in this environment, by leveraging our technology for tasks that can be digitized and reallocating labor to higher priority responsibilities, including greeting guests, preparing food and managing the handoff of completed orders.”
“Bite’s technology platform is a gamechanger for restaurants who are looking for ways to offset the significant cost pressures on their business, while elevating the in-restaurant experience in a way that engages guests more favorably and increases check sizes,” Renny Smith, managing partner at Staley Capital, said in the release. “Our focus is on partnering with growth-stage B2B technology companies that provide ‘better, faster, cheaper’ solutions with compelling value propositions, and Bite delivers on that in meaningful ways, allowing restaurants to work smarter and faster in servicing their guests.”
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