OMERS Growth Equity leads C$158 million funding for TouchBistro
On September 18, 2019, OMERS Growth Equity announce that it successfully led a C$158 million Series E funding for TouchBistro, a leading global restaurant technology solution provider, with a C$85 million investment. This is one of the largest financings of a tech startup in Canada in 2019 and OMERS largest investment in a Canadian early-stage technology company to date.
The funding round also included participation from Barclays Bank, RBC Ventures and BMO Capital Partners, as well as existing investors, which included OMERS Ventures, Kensington Capital Partners, BDC IT Venture Fund, Napier Park Financial Partners, Recruit Holdings and JPMorgan Chase.
Further information can be found on Globe Newswire's website.
TouchBistro is an iPad point of sale system built for restaurant people, by restaurant people – with every feature designed to meet the unique needs and fast pace of the foodservice industry.
OMERS Growth Equity invests in high-growth companies as part of OMERS' private equity investment arm. OMERS is the pension plan for municipal employees in Ontario and one of Canada's largest defined benefit pension plans, with more than C$97 billion in net assets, as at December 31, 2018.