- Leading cloud-based restaurant management platform company SynergySuite announced it raised $6 million in funding
SynergySuite — a leading cloud-based restaurant management platform — announced it raised $6 million in funding to accelerate growth in the U.S. market and continue product innovation. This round of funding was led by Chicago-based First Analysis with participation from Oyster Capital.
SynergySuite essentially helps multi-unit restaurants simplify operations and increase profitability with an easy-to-use restaurant management software. With SynergySuite, businesses have the insights and tools they need to run the back office in one place. And a number of brands use SynergySuite’s mobile-first software with inventory, purchasing, recipe costing, food safety, scheduling, cash management, human resources and business intelligence.
And SynergySuite also named Greg Staley (previously chief revenue officer) as CEO. SynergySuite co-founder Niall Keane will serve as chairman and chief strategy officer where he will guide continued product development aligned with the company’s technology roadmap.
“This funding will allow us to continue growing the best purpose-built back-of-house platform on the market. Restaurants are selecting SynergySuite because we offer the most comprehensive and powerful restaurant management product, paired with a world-class support team, and I’m looking forward to continuing our success,” said Staley.
With this round of funding, SynergySuite is going to drive continued customer growth by expanding sales, marketing, implementation, and client success.
“SynergySuite was founded because I saw first-hand how frustrating it was to manage restaurant operations with piecemeal technology solutions. I’m excited to focus on continuing to build an innovative system that makes it easier for restaurant brands to be successful and profitable,” explained Keane.
SynergySuite’s powerful back-of-house platform has experienced exponential growth in the last two years by giving restaurants the tools they need to see what’s happening in every location and optimize food and labor costs.
“Restaurants are dealing with an increasing number of challenges to profitability, and SynergySuite is well positioned to answer the needs of restaurant operations teams,” added Jim Macdonald — managing director at First Analysis. “Our investment in SynergySuite is rooted in our confidence that they are well positioned to disrupt this industry, providing restaurants with the visibility and automation they need to optimize operations.”
