Franchise News
Point-of-Sale Connectivity Platform Omnivore Raises $10 Million in Series A Investment
Lead investors included the Coca-Cola Company and Performance Food Group.
Omnivore, a platform “enabling third-party technologies to integrate with restaurants’ POS systems” announced a Series A investment of $10 million, according to Fast Casual. The article cited a company press release naming the Coca-Cola Company and Performance Food Group as lead investors, “with additional funds coming from Tampa Bay Lightning owner, Jeff Vinik.”
According to Omnivore CEO Mike Wior in a press release quoted in the article, the $10 million will “accelerate the development and growth of proprietary Omnivore products that minimize friction for restaurant brands, third-party technologies, and POS companies.”
Wior also said: “We clearly understand that the growth in the restaurant and hospitality industry is pinned to consumer and staff expectations of technology and how they use it, very similar to what happened with the travel, lodging and retail industries,” according to the article.
“Data warehousing” and “central menu management” will complement Omnivore’s existing functionality, the article said.
Read the full article here.
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About the Author
Katie LaTour
FollowKatie LaTour is a staff writer for 1851 Franchise and Estatenvy. She has experience in copywriting, editing and translation, and has written content for brands including Coca-Cola, Ivivva and Ray Ban's. She holds a Master of Arts in Writing and Publishing from DePaul University and a B.A. in English and Spanish from the University of Dayton. Presently, Katie is working on a poetry collection and building a platform for Chicago creative professionals to share best practices.
