Brizo Data announced a C$12 million funding round in the form of venture capital and debt. This round was led by FRAMEWORK Venture Partners and BDC Capital’s Industrial Innovation Venture Fund.
Founded by Ian Delisle, Trevor Shimizu, Gaetan Corneau and Jean-Sébastien Vachon in 2020, Brizo’s goal is to become the source of truth on the foodservice and hospitality industries through their unrivaled depth of industry data and insights. And Brizo Data’s flagship product Brizo FoodMetrics is known as North America’s most reliable and comprehensive source of near real-time foodservice market analytics.
Restaurant intelligence is known as a key driver in industry research, marketing and sales, enabling businesses in the food and beverage industry to thrive through data-informed decisions. And Brizo provides insights to foodservice suppliers and vendors of all kinds: from who is selling Wagyu beef or linen services to companies offering staffing technologies, delivery, or online reservation solutions.
Since the pandemic, technology and data have become the new frontier in the food and beverage business. AND Brizo FoodMetrics takes all that data (from over 1 million foodservice establishments across the U.S. and Canada) and makes it digestible–capable of driving quick, high-quality restaurant and foodservice business intelligence.
KEY QUOTES:
“For restaurant industry professionals and suppliers, the sector has changed considerably through the rapid adoption of technology. Brizo makes it fast and easy to understand the data and insights that are now part of day-to-day operations, and to operationalize those insights to remove friction for sales teams, widen margins and serve customers better.”
— Trevor Shimizu, co-founder and CRO of Brizo
“Brizo empowers food and beverage industry professionals and entrepreneurs in their own growth trajectories by cutting down on the time it takes to find sales leads and to identify new and emerging market opportunities. Brizo’s technology is a powerful tool to increase the speed and efficiency of their operations, allowing them to pivot, to tailor offerings or to forecast future trends in the foodservice industry and get ahead of the curve.”
— Jim Texier, Partner at FRAMEWORK Venture Partners
“We are thrilled to invest in Brizo as a technology that can empower the entire foodservice sector across North America. With data-driven, actionable insights, Brizo’s customers–business owners and emerging technology companies themselves–will be able to better manage risk and create opportunities through data-backed decisions.”
— Joseph Regan, Managing Partner, Industrial Innovation Venture Fund at BDC Capital
“The infusion of capital will allow us to accelerate growth and expand into new markets–making our solution an even bigger game changer for the industry.”
— Ian Delisle, co-founder and CEO of Brizo
