TouchBistro close to wrapping up $70 mln round: report

Photo courtesy of TouchBistro

TouchBistro, a Toronto-based restaurant point-of-sale software provider, is nearing the close of new financing of more than $70 million, according to a report by the Globe and Mail.

The round is being led by OMERS Ventures and U.S. financial institution JP Morgan Chase & Co, the report said. Napier Park Financial Partners, Recruit Holdings Co LtdRelay Ventures and BDC Capital, all existing investors, are also participating.

The close is expected to take place within days, the report said.

TouchBistro, founded in 2010 by CEO Alex Barrotti and COO Geordie Konrad, has provided its technology to more than 12,000 restaurants in over 100 countries. Its last financing, a $16.3 million Series C round, closed last year.

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